Apartments For Rent in Oxnard, CA | realtor.com® (2024)

FAQs

Does Oxnard, CA have rent control? ›

Oxnard's rent control program limits many annual rental increases to 4% throughout the City.

The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in Oxnard is $48,633 a year — greater than the annual cost of living for California of $45,534 and greater than the national figure of $38,433.

Rental Shortages

It showed that rental vacancies are at their lowest since the mid-eighties. One reason for this is that millennials who have been living with their parents or with roommates have finally decided to move out and get started on their own.

Living in California's Oxnard city is a mixture of tranquil coastal life with urban proximity. The strategic location makes it easier for those living here to access the hustle and bustle of Los Angeles, which is an hour away by road without living through the daily confusion within some cities.

The limit is adjusted every August. The maximum rent increase for Los Angeles County is 8.8%, and for Ventura County is 9.2% from August 1, 2023, to July 31, 2024. All properties in California must be given 30 days' notice of any rent increase equal to 10% or less.

*On June 4, 2024, the Board of Supervisors passed a motion to extend the temporary cap on rent increases of 4% effective through December 31, 2024, for fully covered rental units.

1. What is the minimum wage in California? Effective January 1, 2024, the minimum wage is $16.00 per hour for all employers, not otherwise covered by a higher minimum wage specific to an industry or a locality.

The Oxnard crime rate is 1,898 total crimes per 100,000 people. There are 357 violent crimes per 100,000. By comparison, the California crime rate is 2,843 crimes per 100,000 and the national crime rate is 2,324 crimes per 100,000.

On average, Oxnard, CA residents spend about $332 per month on electricity. That adds up to $3,984 per year.

According to the National Low Income Housing Coalition (NLIHC), in 2021, the Fair Market Rent (FMR) for a two-bedroom apartment in California was $2,030. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $6,766 monthly, or $81,191 annually.

Is it hard to afford an apartment? ›

The Out of Reach report from the National Low Income Housing Coalition revealed Californians are among those who have it the worst. According to the report, the average Californian needs to earn an hourly wage of $39.01 and work full-time to afford a two-bedroom apartment.

Race and Ethnicity

75.8% of the people in Oxnard, CA are hispanic (153k people). The following chart shows the 7 races represented in Oxnard, CA as a share of the total population.

Oxnard clocks in with 9.7 percent of its population among the top 5 percent of the country's wealthiest citizens.

Cities At High Financial Risk

Specifically, the auditor ranks the city as the eighth worst in California. In the event of a recession, Oxnard risks financial distress because of insufficient General Fund reserves, high pension costs relative to citywide revenue, and a high debt burden, according to the report.

Los Angeles, Santa Monica, Beverly Hills, and West Hollywood have rent control, but Glendale, Burbank, Torrance, Pasadena, Downey, and other cities nearby have nothing like it.

New construction, single-family homes with certain conditions, and affordable housing units are exempt from rent caps. Properties with local just cause ordinances, owner-occupied single-family homes with limited rentals, and shared living arrangements are exempt from the state's just cause eviction rules.

Limits on Rent Increases

Landlords cannot raise rent more than 10% total or 5% plus the percentage change in the cost of living – whichever is lower – over a 12-month period. If the tenants of a unit move out and new tenants move in, the landlord may establish the initial rent to charge. (Civ. Code § 1947.12.)

In 2019, California and Oregon passed the first statewide rent control laws. It's crucial to keep in mind that there are no limits on the initial rent a landlord can charge for a vacant rental unit.