Ojai, CA—93023
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ojai, CA
As of Oct '25, the median home price in Ojai, CA is $1,134,000, with a year-over-year change of -1.3%. This indicates that home prices in Ojai, CA are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,134,000 | -1.3% |
| Single Family | $1,146,000 | -1.5% |
| Condos | $736,000 | -2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $787,000 | -4.4% |
2 Bed | $899,000 | -1.0% |
3 Bed | $1,119,000 | -1.5% |
4 Bed | $1,399,000 | -0.6% |
| 5 Bed | $2,308,000 | 0.2% |
% of Housing Stock
Rental Trends — Ojai, CA
As of July '25, Rentcast reports the average rent in Ojai, CA is $4,470, with a year-over-year rent change of 10.4%. Per bedroom, the median rent as of July '25 in Ojai, CA is studios: $2,150, 1-bedrooms: $2,090, 2-bedrooms: $4,290, 3-bedrooms: $5,540, 4-bedrooms: $7,340. The most common rental property sizes in Ojai, CA are 2-bedroom and 1-bedroom, accounting for 43.1% and 22.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $4,470 |
| Studio Rent | $2,150 | $2,150 |
| 1 Bed Rent | $2,000 | $2,090 |
| 2 Bed Rent | $3,400 | $4,290 |
| 3 Bed Rent | $4,700 | $5,540 |
| 4 Bed Rent | $6,500 | $7,340 |
% of Rental Stock
Property Listings — Ojai, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ojai, CA is 78. This is a increase of 16.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,020,000 | 9.0% |
Listing Count | 95 | 14.0% |
| Listings as % of Homes | 0.6% | 14.0% |
Days on Market | 78 | 16.0% |
Demographics — Ojai, CA
As of the latest ACS Survey released in 2023, Ojai, CA has a population of 21,600, which has increased by 6.6% over the past 5 years. Ojai, CA is a moderately popular place for families, as children make up 16.0% of the population. The area has a moderately educated workforce, with 41.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,600 | 6.6% |
% Under 18 | 16.0% | 0.0% |
% Seniors | 30.5% | 16.4% |
% WFH | 21.8% | 60.3% |
% w/ College Degree | 41.1% | -2.1% |
As of the latest ACS Survey released in 2023, Ojai, CA is a predominantly white area, with 70.8% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Ojai, CA is hispanic, making up 20.0% of the population. Foreign-born residents account for 15.0% of the population in Ojai, CA, and this percentage has increased by 8.7% 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 | 70.8% | -6.0% |
% Black | 0.4% | 100.0% |
% Hispanic | 20.0% | -2.0% |
% Asian | 3.5% | 218.2% |
% Foreign Born | 15.0% | 8.7% |
Mortgage and Risk — Ojai, CA
According to HUD data as of 2023, there were 206 mortgage originations in Ojai, CA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Ojai, CA. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 206 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 5.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Ojai, CA
As of 2024, the percent of homes in Ojai, CA under the Section 8 program is 3.1%. 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. In Ojai, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 208 |
Total Units Section 8 | 74 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $2,000 | $1,890 |
| 2 Bedroom | -$1,140 | $3,400 | $2,260 |
| 3 Bedroom | -$1,620 | $4,700 | $3,080 |
| 4 Bedroom | -$2,910 | $6,500 | $3,590 |
Affordability — Ojai, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 13.1 |
| Median Home Price | $1,134,000 |
| Median Household Income | $82,300 |