What is the average cost of housing in Orange County?

Which Orange County, CA city has the most affordable housing? Which city has the lowest prices for leasing? Which city has the most expensive single family homes? I created several charts to help answer these questions. For all of the charts I used year-to-date sales for 2013, for closed sales and leases. For condos (attached housing) I looked at 2 bedroom condos with 700 to 1,200 square feet. For average single family homes I used 3 bedroom units with 1,500 to 2.500 square feet. Luxury level homes had 4+ bedrooms and 3,000 to 5,00 square feet. For leases, I complied charts for both monthly rental cost and number of available homes for lease. It's not surprising that the most expensive homes are on the coast. A few surprises however with the more affordable housing in San Juan Capistrano (condos), Anaheim Hills (single family homes) and Lake Forest (luxury level homes).  

Orange County housing prices for condos

The following chart was compiled from closed homes sales in Orange County for 2013, using attached homes (condominiums), 2 bedrooms, between 700 and 1.200 square feet. Santa Ana, Placentia, Anaheim, and Westminister have the most affordable condos in the north part of the county, while San Juan Capistrano looks like the best bargain in south OC. Laguna Beach and Corona del Mar have the most expensive condos in OC.

Orange County housing prices for average single family homes

For this chart I used an "average" single family homes with 3 bedrooms and between 1,500 and 2,500 square feet. Anaheim has the most affordable homes while Corona del Mar has the most expensive. Anaheim Hills, Brea, and Fullerton look like good buys in the north part of the county, while Rancho Santa Margarita looks like a good value in south county.

Orange County housing prices for luxury level single family homes

This chart was complied form home sales for 2013 using luxury level homes. I defined these as single family homes with 4 + bedrooms and 3,000 to 5,000 square feet. Anaheim has the most affordable luxury level homes while Laguna Beach has the most expensive. Lake Forest and Rancho Santa Margarita look like good values in the south part of the county. Brea, Placentia, and Westminister are among the least expensive in the north part of the county.  

Orange County home lease prices

The following chart shows average monthly rental cost for homes in major OC cities. The statistics were pulled for "average" homes (3 bedrooms, 1,500 to 2,500 square feet, both condos and single family homes) from both closed leases and actively listed homes in 2013. The city of Laguna Beach has the highest average lease cost, followed by Corona del Mar, Newport Coast and Newport Beach. The cities of Dana Point and Coto de Caza also surpass the $3,000 per month average rental cost. The lowest cost leases appear to be in Anaheim, Fullerton, Orange, and Laguna Hills.

The next chart shows the number of homes available for lease during the same period. The highest number leases in OC are available in the city of Irvine, followed by Laguna Niguel, Aliso Viejo, Dana Point, and Mission Viejo. Far fewer leases are available in Coto de Caza, Brea, Laguna Hills, San Juan Capistrano, and Newport Coast.

I hope you found these home price statistics to be helpful! Please call me if you are interested in finding a home in Orange County, California. 

DRE# 01728866 ronforhomes@gmail.co