Moorpark , CA

Monthly Housing Development Update | October 2021

General statistics, market trends and outlook for housing development in Moorpark, CA

City Housing Update for October 2021

Current Trends:

During this past month of September, the median rental price for a single family home in Moorpark was $3,026 and median sale price for a single family home in the city was $644,700. There were approximately 78 homes listed for sale in the city at the end of September, compared with 78 in August. During the last month, homes sold within 48 days on the market and received 1 offers per sale on average.

City Housing Supply:

As of the end of 2017, the total count of existing housing units in the city was 11,346. Single family housing units make up the vast majority 86.56% of Moorpark's housing units, 9,821 units total. Multifamily units make up 12 percent, or approximately 1,382. As of last year, the average housing density (people per household) was 3.34, compared with the state average of 2.97. At the end of the period, about 254 of housing units in the city were unoccupied, suggesting a vacancy rate of 0 percent.

Regulations & Outlook:

The City has finalized updates to it's residential zoning code that fully comply with State Laws SB 1069 and AB 2299 which allow for Accessory Dwelling Units (ADUs) to be developed on most single family lots. More commonly referred to as “Granny Flats” and “In-Law Units”, in Moorpark as many as 5,794 homes may now be eligible to add some form of second dwelling unit. These laws are intended by The State to boost opportunities for housing production in cities in an effort to address the growing housing deficits local communities face accross The State. Typically secondary units are constructed by homeowners in backyards, converted garages and basements of single family residences. These new regulations could now allow individual homeowners to play a significant role to increase housing production in Moorpark over the coming years. Consider for example, if just one percent of eligible homeowners in Moorpark built an ADU each year, it would contribute an additional 289 units to the city's housing stock over the next five years and create hundreds of new local construction jobs.

Local News & Policy:

The city's latest residential zoning requirements for ADUs can be found on the Moorpark City Page using the link or search bar at the bottom of this report. Recently More information on the latest local policies and requirements for ADUs will be available as they are passed. Check back each month for the latest changes in Moorpark.

Get Involved:

For homeowners and local developers who are interested in getting involved in the ADU movement locally in Moorpark, use Housable to get insights about the ADU housing development potential of specific properties. Housable provides zoning, permitting, estimation and design tools, many of them free of charge, to help homeowners at any step plan, permit and build their ADU projects. Use property design and calculation tools any time, get low cost insights about the ADU potetnial of your property and connect with local professionals who can help with the process when you're ready to get started. Stay up to date with the latest local trends in housing production and join the ADU movement to create more housing in Moorpark, one garage, basement, or backyard at a time.

Exerpts From City Housing Reports

xe2x80xa2 The 'Walnut Canyon Road Properties' total 2.37 acres, are owned by the City of Moorpark and are being acquired for potential consolidation and construction of affordable housing units. Several of the parcels are contiguous, and it is anticipated that lots will be consolidated for the clustering of new developments. These properties are accessed from Walnut Canyon Road (Highway 23), with available utility connections and services. The properties are gently sloping towards the west and some lots have large slopes at the western perimeters of the properties. All of these lots have drainage easements along the western perimeter and some have an open drainage channel in these areas. The realistic capacity for this site (under current zoning) has been estimated at 18 units based on the Rural Exclusive zoning of 4 DU/Acre with a 100% density bonus for affordable housing. This could result in approximately 18 affordable housing units being constructed on this site. There are no known environmental constraints that would preclude development during this planning period. The City is currently in negotiations with a developer on an agreement for an affordable housing project.

The Zoning Code allows second units in single-family residential districts, pursuant to state law. A total of nine second unit permits have been issued from 2005 to 2013, or an average of about one unit per year. It is anticipated that second unit development will continue at a similar pace during the 2014-2021 planning period, which would result in 8 additional units. Based on affordability categories (see Chapter II) these units are expected to rent in the Very-Low and Low-income ranges.

Current Market Stats October 2021

Median Sales Price $644,700.00

Median Rental Price $3,026.00 Based on 840 sqft unit

Total Homes on Market 78

Average Days on Market 48

Average Offers per Sale 1

City Housing Stock 2017

Total Housing Units 11346

Single-Family Units 9821

Other Type Units 143

Unit Vacancy Rate 0.0224

Annual Units Produced (2017) 91

Go to Moorpark ADU Zoning Page

General City Info Moorpark, CA

City Population 34,421

City Area 12.58 sq. mi.

We have our final inspection TODAY and do expect it will go well. We’ve been lucky to have a nice inspector. I’ll send you more pics this weekend!

Fiona K. in Bell Canyon, CA

The plans were approved and I received the permit today. Thank you for all your help with the process!

Jannie B. in Los Angeles, CA

My experience with Housable was exceptional. The team was extremely helpful and responsive. I am very satisfied and happy to have used these services. As a homeowner I do not know the construction lingo or process but the Housable team very kind and helpful and patient with me. My expectations were exceeded. Thank you for everything.

Monica H. in Oakland, CA

City & State Housing News

Moorpark, CA City sets ‘granny flat’ rules Moorpark Acorn 27/06/2017

State of CA This Thanksgiving, Talk To Your Family About Zoning 21/11/2018

State of CA State's leading housing agency releases guidelines on ... 06/12/2016

State of CA What are Accessory Dwelling Units? California Department of Housing and Community Development 15/05/2017

Go to Moorpark ADU Zoning Page

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