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Posted by Pete Evering on June 15, 2022
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All Things Simi Valley

Sitting in the southeast region of Ventura County, about 40 miles from Downtown Los Angeles, Simi Valley is a popular city within the Greater Los Angeles area. It is neighbored by Chatsworth, Moorpark, and Thousand Oaks. The Santa Susana Mountains and Simi Hills surround the city, northeast of Conejo Valley and west of the San Fernando Valley. Originally serving as a commuter bedroom community for nearby L.A. cities, Simi Valley now has a population of over 126,000.

This city is the home of the Ronald Reagan Presidential Library, the burial location of President Reagan and major tourist destination. Other historical landmarks in Simi Valley include Grandma Prisbrey’s Bottle Village and Rancho Simi. The top employers in the city are the Simi Valley Unified School District and Simi Valley Hospital & Health Care. There are two main areas of industry in the east and west areas of the city, with the primary industries being tools and machinery as well as metal. Approximately 20% of Simi Valley residents work within the city, while 27% commute to Los Angeles.

As for real estate, the median home price in Simi Valley is $840,000, a 13.5% increase from last year. The average home goes off the market about 28 days after being listed, and sells for 5% above asking price. In fact, 82% of homes sell for more than the asking price. Valuable homes can sell as quickly as 12 days after listing, for as much as 8% above the list price. The greatest price increases are seen in the luxury home market; houses with 5 or more bedrooms are selling for $1M on average, a 20% increase from 2021. The average monthly rent in Simi Valley is $2,480, although rentals in this area are less common. Owner-occupied households make up the majority of housing in the city at 71%. Real estate prices are only expected to increase as time goes on; Ventura County’s slow and controlled growth patterns will keep inventory low, and the city itself will keep demand high.

Simi Valley has been ranked the fifth-happiest city in the United States by the University of Vermont. Among U.S. cities with a population of over 100,000, Simi Valley is the seventh-safest according to FBI crime statistics. The U.S. Census Bureau reported a median household income of $93,516 in 2018. These statistics speak for themselves; Simi Valley is an attractive city for families, retirees, and young professionals alike. Many parents choose to live in Simi Valley for the excellent education system; Santa Susana High School has been awarded a silver medal in News & World Report’s “Top 500 Schools in America” in both 2013 and 2014. Additionally, Simi Valley High School has been ranked among the top 1,000 High Schools in the U.S. by MSNBC. There are also numerous nearby colleges and universities, including UCLA, Caltech, University of California Santa Barbara, and Cal State Northridge, among others. The education rate in Simi Valley is significantly higher than the U.S. average, with 33.9% of adults having at least a Bachelor’s degree.

The Simi Valley area also holds significance in terms of national wildlife. There are a total of 50 parks within the Rancho Simi Recreation and Park District, comprising 5,600 acres of public owned land for natural preservation and recreation. The Simi Hills are the most critical wildlife linkage between the Santa Monica Mountains, the Santa Susana Mountains, and regions further north, such as the San Gabriel Mountains. Residents enjoy nearby hiking trails and green spaces.

The neighborhoods with the most valuable properties in Simi Valley are Rancho Tapo Park, East Simi Valley North, Wood Ranch, and Stargaze Park.

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For Simi Valley California Property Management Contact Utopia Management today by calling us at (800) 294-4656 or click here to connect with us online.

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