Department of Numbers

Oxnard California Residential Rent and Rental Statistics

The median monthly gross residential rent in Oxnard, CA (the Oxnard-Thousand Oaks-Ventura metro area) was $1,564 in 2015 according to the Census ACS survey.1 Average gross rent in Oxnard was $1,561 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Oxnard median and average rent data will be released in September of 2017.

Data is also available below for Oxnard rental vacancy rates, Oxnard rent as a percent of median income and the fraction of renters in Oxnard.

Show dollars as: Nominal Real

Real Gross Rent in Oxnard California (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
California Median Gross Rent $1,311 +3.88% +8.98%
Oxnard, CA Median Gross Rent $1,564 +4.41% +8.46%

Oxnard, CA Real Gross Rent Trends

Median gross rent for Oxnard peaked in real terms in 2008 at $1,568 and is now $4 (0.26%) lower. At $1,561, real average gross rent in Oxnard was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Oxnard: Oxnard CA Median, Oxnard CA Average, California Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Oxnard

Date US
Median
California
Median
Oxnard, CA
Median
Oxnard, CA
Average
2015 $959 $1,311 $1,564 $1,561
2014 $930 $1,262 $1,498 $1,514
2013 $898 $1,215 $1,507 $1,517
2012 $886 $1,203 $1,442 $1,475
2011 $887 $1,195 $1,407 $1,415
2010 $901 $1,225 $1,455 $1,480
2009 $905 $1,241 $1,501 $1,494
2008 $920 $1,267 $1,568 $1,551
2007 $874 $1,194 $1,469 $1,455
2006 $883 $1,191 $1,478 $1,439
2005 $858 $1,147 $1,392 $1,385

Oxnard Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Oxnard California was 3.32% according to Census ACS data.

Rental Vacancy Rate in Oxnard California

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
California 3.33% -0.57% -1.18%
Oxnard, CA 3.32% -0.03% +1.00%

Trends in Oxnard, CA Rental Vacancy Rate

The rental vacancy rate in Oxnard peaked in 2010 at 4.90%. Since then it has fallen by 1.58% to 3.32%. Data records for this series originated in 2005.

Rental Vacancy Rate: Oxnard CA, California, US

Rental vacancy rate in California

Historical Rental Vacancy Rate data for Oxnard

Date US California Oxnard, CA
2015 5.85% 3.33% 3.32%
2014 6.32% 3.90% 3.35%
2013 6.49% 4.22% 4.58%
2012 6.77% 4.51% 2.32%
2011 7.40% 4.94% 3.70%
2010 8.17% 5.86% 4.90%
2009 8.43% 5.76% 4.35%
2008 7.86% 4.71% 3.99%
2007 7.87% 4.72% 2.78%
2006 7.70% 4.67% 2.27%
2005 7.74% 4.61% 3.57%

Rent as a Fraction of Income

Using median household income data for Oxnard, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Oxnard, median monthly gross rent as a fraction of median household income was 23.45% in 2015 according to the ACS.

Oxnard California Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
California 24.39% -0.18% -0.30%
Oxnard, CA 23.45% -0.49% -0.68%

Trends in Oxnard, CA Rent as a Fraction of Income

The fraction of median Oxnard household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 24.13%. Since then it has fallen by 0.68% to 23.45%.

Fraction of Income towards Rent: Oxnard CA, California, US

Percent of median household income going towards median monthly gross rent in Oxnard California

Historical Data for Annual Rent as a Fraction of Income in Oxnard California

Date US California Oxnard, CA
2015 20.63% 24.39% 23.45%
2014 20.89% 24.57% 23.94%
2013 20.78% 24.40% 23.55%
2012 20.65% 24.69% 24.13%
2011 20.70% 24.59% 22.22%
2010 20.50% 24.18% 23.06%
2009 20.12% 23.52% 23.37%
2008 19.00% 22.32% 21.92%
2007 18.66% 21.58% 21.72%
2006 18.90% 21.80% 21.25%
2005 18.89% 21.77% 21.20%

Renter Fraction in Oxnard California

You can calculate the renter fraction in Oxnard in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Oxnard as a fraction of total Oxnard households. In 2015 36.71% of households were renters according to Census ACS data.

Oxnard Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
California 46.41% +0.14% +0.44%
Oxnard, CA 36.71% -0.22% +0.93%

Trends in the Oxnard, CA Renter Fraction

The Oxnard household renter fraction peaked in in 2014 at 36.93% and is now 0.22% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Oxnard CA, California, US

Fraction of renters in Oxnard

History of Oxnard Renter Fraction

Date US California Oxnard, CA
2015 36.97% 46.41% 36.71%
2014 36.90% 46.27% 36.93%
2013 36.50% 46.21% 36.74%
2012 36.09% 45.97% 35.78%
2011 35.42% 45.12% 34.64%
2010 34.65% 44.36% 36.02%
2009 34.13% 43.43% 34.94%
2008 33.36% 42.95% 33.75%
2007 32.80% 42.00% 32.25%
2006 32.73% 41.55% 31.31%
2005 33.10% 41.56% 31.08%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.