There are currently 38,147 real estate properties in Simi Valley, CA, with a median automated valuation model (AVM) price of $804,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Simi Valley, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Simi Valley, CA, is $844,210.00, with the most expensive house in Simi Valley, CA, topping out at $14,749,000.00 and the cheapest home in Simi Valley, CA, clocking in at $41,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Simi Valley, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Simi Valley, CA, is on a rollercoaster ride. The average rent price in Simi Valley, CA, is $2,842.00. Indeed, when looking to rent in Simi Valley, CA, you can expect to pay as little as $1,180.00 or as much as $8,320.00, with the average rent median estimated to be $2,730.00. The good news is that finding an affordable and desirable property to rent in Simi Valley, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Simi Valley is located in Ventura, California, with an estimated municipal population of 125,613 residents. All of the best foreclosed homes for sale in Simi Valley are located in the following zip code areas on Foreclosure.com: 93063 93065 93062 93094 93099. The estimated population per square kilometer (.62 miles) in Simi Valley is 1,167.
So, about how much do homes cost in Simi Valley? The most recent median value of resident-owned homes in Simi Valley is 584,407. An estimated 72.2 percent of households in Simi Valley own their homes, with an average family size of 3.44. The median household income in Simi Valley is 99,151, with49.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Simi Valley, the median commute time of resident workers (in minutes) is 30.9. And last, but certainly not least, are you looking for homes to rent in Simi Valley? If so, the average rent price paid by renters in Simi Valley is 2,023, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Simi Valley, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Simi Valley is 40.6, split between 48.6 percent male versus 51.4 female. The percentage of residents who report being married in Simi Valley is 51.6, with an average family size of 3.44.
The percentage of residents who report their race in Simi Valley is as follows:
| White | 78.5% |
| Black / African American | 1.3% |
| Asian | 10.4% |
| American Indian / Alaskan Native | 0.4% |
| Native Hawaiian / Other Pacifc Islander | 0.2% |
| Multi-racial | 5% |
| Other | 4.2% |
Looking for family-friendly neighborhoods in and/or near Simi Valley? Or maybe you are searching for 55+ active adult communities in and/or near Simi Valley?
The percentage of residents who report their age in Simi Valley is as follows:
| Under 10 | 10.7% |
| Aged 10-19 | 13.2% |
| 20s | 12.9% |
| 30s | 12.4% |
| 40s | 14% |
| 50s | 15.6% |
| 60s | 11.6% |
| 70s | 6.1% |
| 80+ | 3.5% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Simi Valley with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Simi Valley.
How do you know that living in -- or moving to -- Simi Valley is right where you need to be? Perhaps you grew up in Simi Valley or already live nearby; therefore, the decision to buy a home in Simi Valley is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Simi Valley for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Simi Valley:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Simi Valley.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Simi Valley can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Simi Valley, meanwhile, can field multiple offers from more qualified buyers.
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