Simi Valley, CA—93063
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Simi Valley, CA
Home Price Trends — Simi Valley, CA
As of Oct '25, the median home price in Simi Valley, CA is $830,000, with a year-over-year change of -2.7%. This indicates that home prices in Simi Valley, CA are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $830,000 | -2.7% |
| Single Family | $846,000 | -3.0% |
| Condos | $497,000 | -3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $466,000 | -0.9% |
2 Bed | $530,000 | -3.3% |
3 Bed | $790,000 | -3.1% |
4 Bed | $895,000 | -2.6% |
| 5 Bed | $1,025,000 | -2.9% |
% of Housing Stock
Rental Trends — Simi Valley, CA
As of July '25, Rentcast reports the average rent in Simi Valley, CA is $3,740, with a year-over-year rent change of 7.2%. Per bedroom, the median rent as of July '25 in Simi Valley, CA is studios: $2,230, 1-bedrooms: $2,140, 2-bedrooms: $2,870, 3-bedrooms: $4,140, 4-bedrooms: $5,160. The most common rental property sizes in Simi Valley, CA are 2-bedroom and 1-bedroom, accounting for 39.2% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,700 | $3,740 |
| Studio Rent | $1,900 | $2,230 |
| 1 Bed Rent | $2,200 | $2,140 |
| 2 Bed Rent | $2,700 | $2,870 |
| 3 Bed Rent | $4,000 | $4,140 |
| 4 Bed Rent | $4,600 | $5,160 |
% of Rental Stock
Property Listings — Simi Valley, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Simi Valley, CA is 55. This is a increase of 37.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $839,000 | 1.0% |
Listing Count | 148 | 15.0% |
| Listings as % of Homes | 0.4% | 15.0% |
Days on Market | 55 | 37.0% |
Demographics — Simi Valley, CA
As of the latest ACS Survey released in 2023, Simi Valley, CA has a population of 56,100, which has remained stable by -1.0% over the past 5 years. Simi Valley, CA is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 36.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 56,100 | -1.0% |
% Under 18 | 18.8% | -10.0% |
% Seniors | 17.6% | 13.5% |
% WFH | 16.2% | 194.5% |
% w/ College Degree | 36.0% | 17.6% |
As of the latest ACS Survey released in 2023, Simi Valley, CA is a predominantly white area, with 54.9% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Simi Valley, CA is hispanic, making up 24.6% of the population. Foreign-born residents account for 18.5% of the population in Simi Valley, CA, and this percentage has increased by 7.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 54.9% | -10.0% |
% Black | 1.8% | 63.6% |
% Hispanic | 24.6% | -3.5% |
% Asian | 11.7% | 25.8% |
% Foreign Born | 18.5% | 7.6% |
Mortgage and Risk — Simi Valley, CA
According to HUD data as of 2023, there were 745 mortgage originations in Simi Valley, CA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Simi Valley, CA. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 745 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Simi Valley, CA
As of 2024, the percent of homes in Simi Valley, CA under the Section 8 program is 7.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Simi Valley, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 389 |
Total Units Section 8 | 389 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $2,200 | $2,370 |
| 2 Bedroom | $140 | $2,700 | $2,840 |
| 3 Bedroom | -$130 | $4,000 | $3,870 |
| 4 Bedroom | -$90 | $4,600 | $4,510 |
Affordability — Simi Valley, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $830,000 |
| Median Household Income | $124,000 |