Quick facts: Simi valley, CA

Quick Facts

127.6
Cost of Living
above US average
124,398
Population
10.78
Crime Rate per 1000
below US average
$112,144
Median Income
above US average
$830,000
Median House Price
above US average
$3325.04
Average Rent
above US average
8%
Poverty Rate
below US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $112,144.

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Income Needed to Buy

βœ— Stretch
$260k/year
Based on $830,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $260k vs median $112,144
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Income Needed to Rent

⚠ Stretch
$143k/year
Based on $3325.04/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $143k vs median $112,144
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Simi valley, CA

Simi Valley, located in Ventura County, California, is a picturesque suburban city nestled in the foothills of the Santa Susana Mountains. Known for its family-friendly atmosphere and beautiful landscapes, Simi Valley offers a mix of outdoor recreational activities, a vibrant community, and rich history. One of the most notable attractions is the Ronald Reagan Presidential Library, which houses the official papers and memorabilia of the 40th President of the United States. Visitors can explore exhibits, view Air Force One, and enjoy stunning views of the surrounding valley. The city boasts numerous parks and trails, including the expansive Rancho Simi Community Park and the scenic trails of the Santa Monica Mountains, perfect for hiking and biking. Simi Valley also hosts various events throughout the year, including a popular concert series and community festivals. With a strong sense of community, excellent schools, and a variety of shopping and dining options, Simi Valley is an appealing choice for families and individuals alike. Its close proximity to larger cities, such as Los Angeles, provides easy access to urban amenities while maintaining a quieter suburban lifestyle.

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