The “Economic and Housing Market Update Report” for Fillmore, California, provides an in-depth analysis of the local economy, demographics, and housing market. It includes data on household income, population trends, education levels, employment, and housing values. The report highlights the dominant consumer segments in the area, such as Family Extensions and Urban Villages, and discusses the challenges and opportunities in the local housing market, including affordability, homeownership rates, and the impact of underbuilding on the economy and families. The report underscores the need for increased housing supply to meet demand and improve affordability. Read the full June 2024 report.

The June 2024 Ojai Housing Report provides an overview of the economic and housing market conditions in Ojai, California. The report includes detailed demographic data, housing statistics, and economic indicators. It highlights the dominant consumer segments, such as “City Lights” and “Golden Years,” and their characteristics, including household income, education levels, and housing preferences. The report emphasizes the challenges of housing affordability, low vacancy rates, and the impact of underbuilding, which are affecting the local economy and quality of life in Ojai. Read the full June 2024 report.

The June 2024 Oxnard Housing Report provides a comprehensive analysis of the local economic and housing market conditions in Oxnard, California. The report details key demographic information, such as median household income, population trends, and the dominant consumer segments in the area. It highlights challenges in the housing market, including affordability issues, a low vacancy rate, and the impact of underbuilding. The report emphasizes the need for increased housing supply to address these challenges and improve overall market conditions. It also covers trends in housing values, homeownership rates, and the socioeconomic traits of various communities in Oxnard. Read the full June 2024 report.

The “Economic and Housing Market Update Report” for Port Hueneme provides an analysis of the local economic and housing market conditions. It details key demographic segments such as “Diverse Convergence,” “Urban Villages,” and “Old and Newcomers,” each with unique characteristics like income levels, housing preferences, and employment patterns. The report highlights challenges such as affordability, low vacancy rates, and the impact of underbuilding, emphasizing the need for increased housing supply to address these issues and improve the overall market dynamics in Port Hueneme. Read the full July 2024 report.

The “Economic and Housing Market Update Report” for Santa Paula, California, provides a detailed analysis of the local economic and housing market conditions. It includes demographic data, such as median household income, population, and age distribution. The report also identifies key consumer segments in the area, such as “Family Extensions” and “Pleasantville,” and discusses their characteristics, housing preferences, and challenges. Additionally, the report highlights economic factors like unemployment rates, income levels, and educational attainment, emphasizing the need for more housing supply to address affordability issues and economic growth challenges in Santa Paula. Read the full July 2024 report.

SANTA PAULA 2024 YEAR-END REPORT

The “Economic and Housing Market Update Report” for the City of Ventura provides an in-depth analysis of local demographics, housing, and economic trends. Key highlights include:

1. Demographics: Ventura has a median household income of $88,985 and a median age of 41.1 years. Dominant consumer segments include “City Lights,” “Pleasantville,” and “Exurbanites,” reflecting a mix of urban and suburban lifestyles with diverse economic profiles.
2. Housing: The median home value is $559,200, with homeownership at 55.1%. Housing challenges include affordability, limited inventory, and low vacancy rates, which contribute to upward pressure on prices.
3. Economic Trends: Ventura’s economy is driven by professional services, finance, and management occupations. The city faces challenges related to housing production, with significant underbuilding compared to population and economic growth.
4. Lifestyle Insights: Residents emphasize education, environmental consciousness, and community involvement. Recreational activities include gardening, visiting beaches, and participating in cultural events.

The report underscores the need for increased housing supply and thoughtful urban planning to address affordability and support Ventura’s long-term growth.

 Read the full August 2024 report

CITY OF VENTURA 2024 YEAR-END REPORT

The “Economic and Housing Market Update Report for Ventura County” examines the challenges and opportunities within the region’s housing and economic landscape. Key insights include: 

1. Housing Supply Challenges: Ventura County, like much of California, faces a housing crisis characterized by underbuilding over several decades. This shortage has led to higher housing costs, low vacancy rates, and overcrowding. Regulatory barriers, high fees, and restrictive zoning are significant hurdles to increasing supply.
2. Economic Impacts: The imbalance between job growth and housing construction has stressed the market, with housing supply failing to keep pace with the county’s economic and population growth. This has reduced mobility and affordability, limiting economic opportunities for many residents.
3. Demographic Trends: The report outlines dominant consumer segments, including families, professionals, and retirees, highlighting their housing preferences and economic behaviors. These insights help explain the demand for diverse housing types.
4. Affordability Issues: Both renters and homeowners face severe affordability challenges. Housing costs often exceed 35% of household income, leaving families financially strained and unable to save or invest adequately.
5. Policy Recommendations: Addressing the crisis requires a comprehensive, multi-faceted approach, including revising zoning laws, reducing development costs, and incentivizing affordable housing production. Collaborative efforts from local and state governments, along with community stakeholders, are critical.

Read the full August 2024 report

 VENTURA COUNTY 2024 YEAR-END REPORT