The apartment market in the Ventura Corridor community is showing steady demand after the higher vacancies last year.
3.95% average vacancy, down from 5.68% last year.
Average sale price per unit is $327,169 per unit.
Apartment rents are forecast to grow steadily through 2025. The area’s median age of residents is near 40, about a third have college degrees and the average household income is $70,000. Nearly 92% of apartments are owned by private owners, 89% of which are local owners.