Just outside the busy city of Los Angeles and near the San Fernando Valley is the city of Simi Valley. The 2010 Census of Population and Housing shows there were 124,237 people living in Simi Valley, up 11.6 percent from the population recorded in 2000. The overall population of California reached over 37 million, up 10 percent between 2000 and 2010.
Simi Valley has also been dubbed one of the safest cities in America, attracting many families as well as commuters who work in larger, more expensive cities.
Data from the census reveals there were 42,506 housing units in Simi Valley, of which owners occupied 30,560 and 25.9 percent were rented. The homeowner vacancy rate was 1.2 percent, while the rental vacancy rate was 4.6 percent. The median value of owner-occupied homes between 2006 and 2010 was $553,400, just higher than the statewide average of $458,500 and similar to the value of most homes in Los Angeles County. The average rent between from 2006 to 2010 was $1,607.
Homes for sale in Los Angeles could continue to see multiple offers, as mortgage rates have remained near all-time lows despite rising in two consecutive weeks.