The housing market in Orange, CA County is thriving. According to the data provided, the median value of a house in this county is an impressive $1,008,200; more than three times higher than the national median value of $338,100. In addition to these high values, over the past year appreciation rates have remained strong with a reported 9.51% increase. This growth rate is higher than the national average of 8.27%. Such favorable conditions make Orange County’s housing market highly attractive for both buyers and sellers alike.
The median home cost in Orange County is $1,008,200. Home appreciation the last 10 years has been 114.2%. Home Appreciation in Orange County is up 17.9%.
Average Age of Homes
- The median age of Orange County real estate is 42 years old
The Rental Market in Orange County
- Renters make up 39.6% of the Orange County population
- 1.7% of houses and apartments in Orange County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.