Home Values

Orange County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$627,200

  • 3.5% 1-year change
  • 0.2% 1-year forecast

The median home value in Orange County is $627,200. Orange County home values have gone up 3.5% over the past year and Zillow predicts they will rise 0.2% within the next year. The median list price per square foot in Orange County is $363, which is higher than the Los Angeles Metro average of $344. The median price of homes currently listed in Orange County is $639,000 while the median price of homes that sold is $582,900. The median rent price in Orange County is $2,200, which is higher than the Los Angeles Metro median of $2,175.

Foreclosures will be a factor impacting home values in the next several years. In Orange County 1.4 homes are foreclosed (per 10,000). This is lower than the Los Angeles Metro value of 2.0 and also lower than the national value of 4.5

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 6.2%, which is lower than the national value of 6.9%. 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 6.7%, which is lower than Los Angeles Metro at 9.3%.

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Relative ZHVI
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Orange County Market Overview

Data through Oct 31, 2014
  • $627,200 ZHVI
  • 0.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $639,000 Median listing price
  • $582,900 Median sale price
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Orange County Market Health

Data through Oct 31, 2014
  • 7.0/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 75 Average days on Zillow (Sep 30, 2014)
  • 6.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.4 homes Orange County
2 homes Los Angeles Metro
4.5 homes United States
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Cities in Orange County

Name Median ZHVI
Villa Park $1,176,400
Newport Coast $1,100,500
North Tustin $938,700
Name Median ZHVI
Irvine $747,200
Lake Forest $614,700
Tustin $610,300
Name Median ZHVI
Orange $561,800
Santa Ana $411,800
Laguna Woods $279,300

Listings & Sales

Data through Oct 31, 2014
  • $363 Median list price / sq ft
  • $352 Median sale price / sq ft
  • 42.9% Listings with price cut
11.8%
Sold below listing
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Orange County Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,758 Orange County
    $2,429 Los Angeles Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,200 Rent list price
  • $2.06 Rent list price / sq ft
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