65 Units, Prime Ventura County location. A record 27% of Redfin housing searches in July 2020 were seeking to move from urban centers to suburban locations. • As a result of COVID-19, the multifamily rent growth outperformance experienced in suburban locations since 2013 is only expected to widen in the years to come. Strong Market Fundamentals Simi Valley is reporting a vacancy rate of 3.5% as of Q3 2020. Class A multifamily in Simi Valley has averaged year-over-year rent growth of 3.5% for the past 10 years.