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These days, finding an affordable place to live in the Simi Valley area can be challenging. Home prices in Simi Valley are now at a median cost of $822,217, higher than the California average of $812,006.
The average cost of rent is $2,785/mo in Simi Valley, primarily driven by the current value of real estate in the Simi Valley area. In Simi Valley, 26.61% of households rent, and 26.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Simi Valley is $10,912 per month. Households that rent pay about 25.52% of their income on rent here. Simi Valley’s most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Brandeis, CA: higher priced homes
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- Moorpark, CA: higher priced homes
- Thousand Oaks, CA: higher priced homes
- Chatsworth, CA: higher priced homes
- Agoura Hills, CA: higher priced homes
- Hidden Hills, CA: higher priced homes
- Canoga Park, CA: less expensive homes
Cities with Similar Populations
- St. Petersburg, FL: less expensive homes
- Springfield, OR: less expensive homes
- Staten Island, NY: less expensive homes
- St. Cloud, FL: less expensive homes
- San Bernardino, CA: less expensive homes
- Rochester, NY: less expensive homes
- Santa Ana, CA: less expensive homes
- Roseville, CA: less expensive homes
- San Ramon, CA: higher priced homes
- San Leandro, CA: equally priced homes
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