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Housing View Other Metric Periods
June 2018 Metrics   

Overview:
  • Orange County’s median home price as of April 2018 was $715,000, a price which decreased by $10,000 compared to March 2018, and an increase of $40,000 compared to April 2017 home prices. The housing market, especially in Orange County, is being watched closely considering the large fluctuations recently experienced in home prices as well as due to both domestic and international economic concerns. While the housing market continues to display strength, a rise in interest rates from the Fed, continued struggles by younger generations to accumulate their savings and preponderance for younger generations to favor rentals could negatively impact the housing market throughout 2017 and 2018.
  • The Orange County average rental rate in May 2018 remained at $2,189 –an increase of $154 compared to the previous year.
  • Orange County Building permit activity in October 2014 hit landmark highs with 1,892 permits granted during the month. In May 2018, a total of 806 building permits were issued representing an increase of 138 permits month-over-month yet a decrease of 45 buildings permits year-over-year. In May 2018, Irvine and Santa Ana provided the highest amount of new permits recorded during the month at 461 and 42, respectively.

Introduction picture:  Wide view of several homes
Table of Contents (click to jump to a specific measure):



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Orange County Median Home Prices 2004-2017
Orange County Median Home Prices 2002-2010: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163
The median sales price of Orange County homes since 2004 is illustrated by the line graph’s 10-year trend line.

Source: Corelogic, Dataquick



Median Home Price by County Comparisons
March 2018, February 2018 and March 2017

Orange County Median Home Prices 2002-2010: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

Orange County’s median home price is compared to other regions, showing the year-over-year and month-over-month change in value.

Source: Dataquick



Orange County: Average Apartment Rental Rates by City
Average Apartment Rents Orange County and by Major City: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163
This indicator shows the average apartment rent for major Orange County cities, as well as the overall county average. The county average includes cities not tracked on this graph.

Source: Rentbits.com, Apartmentlist.com



Total Foreclosures by County, 2012-2016
Total Number of Homes Foreclosed: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator shows the average apartment rent for major Orange County cities, as well as the overall county average. The county average includes cities not tracked on this graph.

Source: Rentbits.com, Apartmentlist.com



Orange County Foreclosures, 2010-2016
Total Number of Homes Foreclosed: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator measures the number of homes that have foreclosed (notice of sale) each month in Orange County.

Source: Property Radar



Total Annual Residential Building Permits by County, 2010-2017
Building Permits by County : Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator shows the total number of residential building permits granted by jurisdictions in each county per year from 2010 to the year-to-date totals, as well as the most recent month’s total permits issued.

Source: Construction Industry Research Board and US Census Bureau Censtats,
*Data for Riverside not available for 2017 YTD or Monthly




Orange County Total Housing Permits, 2008-2018
Building Permits by Jurisdiction in Orange County: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator shows the number of building permits granted in Orange County since January 2008.

Source: Construction Industry Research Board and US Census Bureau Censtats



Orange County Residential Building Permits by City: 2010-2017
Orange County Total Number of Housing Permits Granted: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator shows the number of building permits granted in each Orange County city from April 2010 to the present time.

Source: Construction Industry Research Board and US Census Bureau Censtats
Developed and Maintained in partnership with Orange County Business Council
The Orange County Workforce Investment Board is an equal opportunity entity. Auxiliary aids and services are available upon request to individuals with disabilities.
TDD line: (714) 834-7163