Housing
Home prices and rent in Simi Valley
Median home values, rents and incomes from the U.S. Census Bureau, compared with California and the U.S.
Census geography: Simi Valley city, California. These survey estimates are not current listing prices.
Simi Valley vs. California and the U.S.
| Simi Valley | California | U.S. | |
|---|---|---|---|
| Median home value | $823,800 | $734,700 | $332,700 |
| Median rent (monthly) | $2,579 | $2,036 | $1,413 |
| Median household income | $122,081 | $99,122 | $80,734 |
| Homes owned by occupants | 73% | 56% | 65% |
| Median year built | 1980 | 1976 | 1980 |
Ten years of change
| 2014 | 2019 | 2024 | |
|---|---|---|---|
| Median home value | $438,700 | $584,900 | $823,800 |
| Median rent (monthly) | $1,711 | $2,023 | $2,579 |
| Median household income | $89,595 | $99,151 | $122,081 |
Fair Market Rents (HUD, fiscal year 2027)
Oxnard-Thousand Oaks-Ventura, CA MSA · Ventura County. HUD's payment benchmarks for housing programs: typical gross rent (rent plus utilities) for a recent mover, not a listing or an asking rent.
Large figures are the metro-area Fair Market Rent; green figures are the range across 3 Simi Valley ZIP codes, where HUD sets Small Area Fair Market Rents.
Income limits (HUD, fiscal year 2026)
Area median family income: $135,600. Households at or under these incomes can qualify for many housing programs; check each program's own rules.
| Household size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Low income (80%) | $87,950 | $100,500 | $113,050 | $125,600 | $135,650 | $145,700 | $155,750 | $165,800 |
| Very low income (50%) | $54,950 | $62,800 | $70,650 | $78,500 | $84,800 | $91,100 | $97,350 | $103,650 |
| Extremely low income (30%) | $33,000 | $37,700 | $42,400 | $47,100 | $50,900 | $54,650 | $58,450 | $62,200 |
Source: U.S. Department of Housing and Urban Development, Fair Market Rents and Income Limits, checked October 9, 2026.
Questions
What is the median home value in Simi Valley?
$823,800, according to the Census Bureau’s 2024 American Community Survey (5-year estimates), compared with $734,700 in California and $332,700 nationally.
How much is rent in Simi Valley?
Median gross rent (rent plus utilities) is $2,579 a month, versus $2,036 statewide.
How much have home values risen in Simi Valley?
The median home value went from $438,700 in 2014 to $823,800 in 2024 (+88%).
What is fair market rent in Simi Valley?
HUD's fiscal year 2027 Fair Market Rent for the Oxnard-Thousand Oaks-Ventura, CA MSA is $1,827 for a studio, $2,035 for one bedroom and $2,424 for two bedrooms; across Simi Valley's ZIP codes, two-bedroom values run $2,730 to $2,990. These are HUD program benchmarks, not asking rents.
Are these current market prices?
No. They are survey medians from the Census Bureau, based on a five-year survey period, so they lag today’s listings. They are the most consistent way to compare places and track change over time.
U.S. Census Bureau, American Community Survey 5-year estimates (2014, 2019, 2024), Simi Valley city, California. Values are estimates with margins of error.