The recent wildfires in Los Angeles have exacerbated the already competitive Southern California housing market, driving up demand for rentals. While data on pricing and the new influx of renters isn't yet available, existing statistics reveal a challenging landscape for those seeking apartments in the region. Southern California faces a stark contrast to national averages, with significantly lower vacancy rates and new construction compared to the rest of the country. Landlord turnover is also higher locally, contributing to longer vacancy periods and increased competition for available units.
The Los Angeles wildfires have dramatically pushed up demand for Southern California housing as 2025 starts. These apartment stats don’t include this new rush – nor does it include pricing.
Southern Californians face fewer options with 5% vacancy vs. 6% nationwide. And there are far fewer new apartments: 2% of the region’s supply was constructed in 2023-24 vs. 4% nationally. That’s a huge factor.Landlords face renters in the region who aren’t very loyal – only 53% renewed leases last year vs. 62% nationally. That helps explain why vacant units locally stay that way for 43 days vs. 40 across the U.S. and draw an average 12 prospects before being leased.
HOUSING WILDFIRES CALIFORNIA RENTAL MARKET APARTMENTS
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