West Covina, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the West Covina, California rental market.
West Covina, California
Average Apartment Rent
$2,439
Y-o-Y Change in Average
Apartment Rent
1%
As of November 2024
Compared to a year ago, West Covina, California apartments have recorded a 1% rent increase.
West Covina, California Average apartment rent trend
West Covina, California Average Apartment Rent
West Covina, California Apartment rent ranges
At 85.57%, apartments priced Over $2,000 represent the bulk of West Covina, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 1.49%.
West Covina, California Housing tenure**
Renters take up 38% of West Covina, California real estate, occupying a total of 12,131 units, while homeowners live in 20,154 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$69,995
Average household size of renter-occupied housing units**
3.18
Rental vacancy rate**
3.9%
West Covina, California Renter-occupied housing units by no. of bedrooms**
There are 4,258 rentals in West Covina, California with 2 beds making up the highest share of the market, at 35%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 199 units. Overall, the median number of rooms in West Covina, California homes for rent is 4.1.
West Covina, California Renter-occupied units by age of householder**
Most condos for rent in West Covina, California are occupied by residents in the 35 - 44 years age group (24%), followed by those in the 45 - 54 years age group (20%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 4%.
West Covina, California Renter-occupied housing units by family type**
West Covina, California Renter-occupied housing units by the presence of own children**
A total of 8,356 apartments for rent in West Covina, California, or 69% of all rentals are family households. Additionally, 38% of rental homes include children under the age of 18 – that’s 4,644 units. All in all, the median size of a renter-occupied household in West Covina, California is 3.18.
West Covina, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in West Covina, California.
West Covina, California Renter-occupied units by year structure built**
The highest share of West Covina, California apartment rentals, namely 32% or 3,935 units, were Built 1970 - 1979, followed by those Built 1950 - 1959 (17%, 2,045 units), and the ones Built 1980 - 1989 (15%, 1,826 units).
West Covina, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most West Covina, California renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their West Covina, California condos for rent is 2016.
West Covina, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 37% of West Covina, California renters have 2 vehicles available per household, 32% of them have 1 vehicle available, and 16% have 3 vehicles available.
West Covina, California Means of transportation to work of householders living in renter-occupied housing units**
West Covina, California Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all West Covina, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
