428 Ventura, CA Homes For Rent (2024)

FAQs

Are rents going down in Ventura County? ›

Six months into the year, rents in Ventura have risen 2.1%. This is a slower rate of growth compared to what the city was experiencing at this point last year: from January to June 2023 rents had increased 3.8%.

When it comes to answering that question, there's no universal answer other than, “1 or more”. If you haven't purchased your first rental property yet, start at 1. Regardless of your investment experience, the best answer for you is going to come down to your goals.

California's Tenant Protection Act (AB 1482) restricts how much landlords can raise rent for their rental properties. The law imposes a statewide rent cap, limiting annual rent increases to 5% of the current rent plus the local rate of inflation, or 10% of the current rent, whichever is lower.

“Ventura County has the most stringent land use policies of any county in the United States,” CERF's director of economics Dan Hamilton said in his February economic report. SOAR and other market forces have put the county's average single-family home price of $882,500 out of reach for most buyers,” Hamilton said.

If a property doesn't meet the 1% rule or generate enough cash flow after accounting for expenses under the 50% rule, it may not be a worthwhile investment. Using these metrics, an investor would need five rental properties that meet both the 1% rule and the 50% rule to generate $5,000 per month in retirement income.

For a potential investment to pass the 1% rule, its monthly rent must equal at least 1% of the purchase price. If you want to buy an investment property, the 1% rule can be a helpful tool for finding the right property to achieve your investment goals.

Just take the number 72 and divide it by the interest rate you hope to earn. That number gives you the approximate number of years it will take for your investment to double.

Meanwhile, San Francisco rents still remain well below their pre-pandemic levels. SocketSite points out that SF rental prices are currently down 17% from pre-pandemic levels, and down 22% since their peak in 2015.

Oakland led Zumper's list of annual rent declines in California cities, with the cost to rent for a one-bedroom unit in the Bay Area community down 9.1% in 2024 compared to the past year. Sacramento took second place with a decrease of 8.1%, followed by Los Angeles in third place with 5%.

The cost of housing is 158% more expensive than the national average, while transportation, groceries, and healthcare are 15.2%, 7.9%, and 7.0% more expensive than the national average, respectively. The only cost in Ventura that is below the national average is utilities, which is 4.6% more affordable.

Are rents in Las Vegas going down? ›

From August 2022 to July 2023, rents dropped around 8.5 percent in Las Vegas and 3.6 percent in Reno, while rents nationally dropped 1 percent in the calendar year 2023. Despite rental prices stabilizing or dropping, they remain stubbornly high for many Nevadans.