Orange County Home Prices & Values
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par Sherman Fowler
- June 24, 2020
- Real Estate Market
- 0
Orange County Market Overview
Data through Mar 31, 2020
- -1.1% 1-yr forecast (Mar 31, 2021)
$765,497
- 3.9% 1-year change
- -1.1% 1-year forecast
Apr 2019May 2020Mar 2021
Market temperature
The median home value in Orange County is $765,497. Orange County home values have gone up 3.9% over the past year and Zillow predicts they will fall -1.1% within the next year. The median list price per square foot in Orange County is $441, which is lower than the Los Angeles-Long Beach-Anaheim Metro average of $447. The median price of homes currently listed in Orange County is $800,000 while the median price of homes that sold is $759,000. The median rent price in Orange County is $3,200, which is the same as the Los Angeles-Long Beach-Anaheim Metro median of $3,200.
Foreclosures will be a factor impacting home values in the next several years. In Orange County 0.0 homes are foreclosed (per 10,000). This is lower than the Los Angeles-Long Beach-Anaheim Metro value of 0.4 and also lower than the national value of 1.2
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Orange County is 0.4%, which is lower than the national value of 1.1%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Orange County homeowners underwater on their mortgage is 3.4%, which is lower than Los Angeles-Long Beach-Anaheim Metro at 4.1%.
Foreclosures will be a factor impacting home values in the next several years. In Orange County 0.0 homes are foreclosed (per 10,000). This is lower than the Los Angeles-Long Beach-Anaheim Metro value of 0.4 and also lower than the national value of 1.2
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Orange County is 0.4%, which is lower than the national value of 1.1%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Orange County homeowners underwater on their mortgage is 3.4%, which is lower than Los Angeles-Long Beach-Anaheim Metro at 4.1%.
Cities in Orange County
| Name | Median ZHVI |
|---|---|
| Newport Beach | $1,725,900 |
| North Tustin | $1,036,300 |
| Irvine | $793,600 |
| Name | Median ZHVI |
|---|---|
| Laguna Hills | $731,400 |
| Lake Forest | $683,500 |
| Tustin | $672,600 |
| Name | Median ZHVI |
|---|---|
| Aliso Viejo | $592,300 |
| Santa Ana | $509,800 |
| Laguna Woods | $342,000 |
