39 Oceanside, CA Ranch For Rent (2024)

FAQs

How much can I raise rent in Oceanside CA? ›

For certain rental properties covered under Tenant Protections (AB 1482), commonly referred to as the “rent cap,” your landlord may be restricted from increasing your rent more than 5% + the local rate of inflation or 10% (whichever is less) in a twelve-month period.

What is a livable salary in Oceanside? The median household income in a city certainly helps gauge the cost of living. The median household income in Oceanside is $80,837, which is 12% less than that of the state. The median income for an individual is $37,591, which is 16% less than that of the state.

"A lot of that has to do with housing supply," UC Irvine professor Ed Coulson said. "The amount of new construction for apartments in Southern California — California in general — is pretty low. It's a state that puts a lot of barriers between vacant ground a new supply coming on to the market."

Limited Housing Supply

With supply constrained, any increase in demand translates into higher rents. Between 2010 and 2020, San Diego saw its population grow by about 10% while net new housing units increased less than 7%, according to census data. That supply-demand imbalance puts upward pressure on prices.

Limits on Rent Increases

The Tenant Protection Act caps rent increases for most residential tenants in California. Landlords cannot raise rent more than 10% total or 5% plus the percentage change in the cost of living – whichever is lower – over a 12-month period.

Currently, Oceanside, CA, does not have city-wide rent control measures in place. However, California state law includes some protections and regulations regarding rent increases and tenant rights.

The cost of living is high

Housing is the highest expense, with the median home price in Oceanside being about $769,000, which is above the national average of $383,249. The cost of groceries, healthcare, and transportation are also slightly higher than average.

Downtown Oceanside

With a median home price of $1,275,698 and a median rent of $1,784, Downtown Oceanside is the most expensive neighborhood on our list. Based on the growth in home prices in Downtown Oceanside over the last 3 years, it ranks No. 1 among all the neighborhoods in Oceanside.

1. What is the minimum wage in California? Effective January 1, 2024, the minimum wage is $16.00 per hour for all employers, not otherwise covered by a higher minimum wage specific to an industry or a locality.

What city in California has the highest rent? ›

Declining rents in major California cities

Oakland and Sacramento saw the most significant drops, with rental rates falling by 9.1 percent and 8.1 percent, respectively. Other cities such as Los Angeles, San Jose, San Francisco, San Diego and Long Beach also saw declines, albeit to a lesser extent.

The average rent dropped from $2,338 in 2023 to $2,170 in 2024, a drop of slightly over 7%, NBC 7's Kelvin Henry reports.

What is the average rent in San Diego, CA? As of August 2024, the average rent in San Diego, CA is $2,297 per month. This is 50% higher than the national average rent price of $1,536/month, making San Diego one of the most expensive cities in the US.

The annual Demographia International Housing Affordability report assessed housing affordability in 94 major markets across eight countries. San Diego made the top 10 list of the world's most "impossibly unaffordable" cities. Los Angeles, San Francisco and San Jose also made the list.

Under AB 1482, landlords can raise rent by a maximum of 5% plus the local CPI or 10%, whichever is lower. The local CPI is determined by the California Consumer Price Index, released annually by the California Department of Finance.

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.

This means that 8.6% is the maximum rent increase for the next 12-month period. While AB 1482 allows a landlord to increase rents twice per year, the total increase cannot exceed 8.6% for that period. Also, remember that any rent increases 10% or less require a minimum 30-day notice to the tenant.

However, starting from July 1, 2024, new legislation under California's AB 12 will limit security deposits to one month's rent for furnished and unfurnished units. However, small landlords can charge up to two months' rent.