- Housing prices have
tremendously appreciated year-over-year and have rapidly recovered,
surpassing all median home prices for the County since 2008. May
2013’s median home price is $540,000, an increase of $5,000 since
March 2013 and a $105,000 increase over April 2012. It remains
to be seen whether June will mark the peak of Orange County’s
median home price increases.
- Average apartment rents for Orange County have spiked with housing price growth,
nearing $100 more on average than the previous year. For May 2013,
the average rent totaled $1,647, a slight increase of $9 compared
to April 2013 but a $55 increase year-over-year compared to May
- The number of building permits in Orange County spiked drastically in April 2011,
before regressing back to average 2010 numbers in July 2011.
2012 was overall a healthier period for housing permits, with
sustained growth throughout the year and currently carrying
momentum into May 2013. Orange County grew from 696 permits in
to 857 in May 2013. Within Orange County, Anaheim and Irvine
were the primary growth drivers, together contributing over 55%
all building activity in the region.