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 $1,736 in 2017 according to the Census ACS survey.1 Average gross rent in Oxnard was $1,696 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Oxnard median and average rent data will be released in September of 2019.

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 (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
California Median Gross Rent $1,447 +3.65% +11.48%
Oxnard, CA Median Gross Rent $1,736 +3.77% +12.65%

Oxnard, CA Real Gross Rent Trends

At $1,736, real median gross rent in Oxnard was at its highest level in 2017 since the series began in 2005. At $1,696, real average gross rent in Oxnard was at its highest level in 2017 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
2017 $1,012 $1,447 $1,736 $1,696
2016 $996 $1,396 $1,673 $1,656
2015 $987 $1,349 $1,609 $1,606
2014 $956 $1,298 $1,541 $1,557
2013 $924 $1,250 $1,550 $1,561
2012 $912 $1,238 $1,484 $1,518
2011 $912 $1,230 $1,448 $1,456
2010 $927 $1,260 $1,497 $1,523
2009 $931 $1,277 $1,544 $1,538
2008 $947 $1,304 $1,613 $1,595
2007 $899 $1,228 $1,511 $1,497
2006 $909 $1,225 $1,521 $1,480

Oxnard Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Oxnard California was 2.47% according to Census ACS data.

Rental Vacancy Rate in Oxnard California

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
California 3.49% +0.18% -0.41%
Oxnard, CA 2.47% -1.61% -0.88%

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 2.43% to 2.47%. 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
2017 6.18% 3.49% 2.47%
2016 5.89% 3.31% 4.08%
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%

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 25.14% in 2017 according to the ACS.

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

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
California 24.18% -0.18% -0.39%
Oxnard, CA 25.14% +0.48% +1.21%

Trends in Oxnard, CA Rent as a Fraction of Income

Oxnard renters paid 25.14% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

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
2017 20.13% 24.18% 25.14%
2016 20.43% 24.36% 24.66%
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%

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 2017 37.18% of households were renters according to Census ACS data.

Oxnard Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
California 45.21% -1.15% -1.06%
Oxnard, CA 37.18% -0.71% +0.25%

Trends in the Oxnard, CA Renter Fraction

The Oxnard household renter fraction peaked in in 2016 at 37.89% and is now 0.71% 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
2017 36.13% 45.21% 37.18%
2016 36.88% 46.36% 37.89%
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%

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.