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Housing View Other Metric Periods
June 2015 Metrics   

Overview:
  • Orange County’s median home price in May 2015 is $615,000, an increase of $15,000 since the previous month’s median and an increase of $20,000 since the previous May. Despite the drop in home prices experienced in January and this March, Orange County home prices have been steadily increasing and are expected to continue to increase as interest rates remain low and the summer buying season continues. Yet, Orange County may face a shortage of qualified buyers as a lack of wage growth and high cost of living keep some families from purchasing and instead may push them into other markets.
  • Apartment rental rates in Orange County have seen strong year-over-year growth since 2012 and continue to climb to new heights in 2015. The Orange County average rental rate in June 2015 decreased slightly to $1,849 – yet increased by $113 compared to the previous June. On a per-city basis, Santa Ana and Huntington Beach had the highest year-over-year growth ($241 and $186, respectively) while Irvine saw the smallest increase ($17). On a month-to-month basis, Anaheim and Huntington Beach saw the largest increases at $53 and $44, respectively while Santa Ana experienced a large drop of $107.
  • Orange County Building permit activity in October 2014 hit landmark highs with 1,892 permits granted during the month. May 2015 brought modest permit growth, with 1,328 new permits recorded in the county for the month. Irvine represented the city with the highest amount of new permits recorded during the month of May 2015 at 904.
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 2004-2014
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 2002 is shown on this line chart showing the trend over time.

Source: Dataquick
http://www.dqnews.com/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx




Median Home Price County Comparisons
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



Average Apartment Rents Orange County and by Major 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 and for the county average as a whole. The county average as a whole is not the average of the seven cities shown in this chart but for all the cities in Orange County.

Source: Rentbits.com
http://rentbits.com/rb/s/find-rentals




Total Foreclosures by County
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 each month by county.

Source: Default Research Inc.
http://market.defaultresearch.com/stats/ca




Total Number of Homes Foreclosed
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 each month by county.

Source: Default Research Inc.
http://market.defaultresearch.com/stats/ca




Building Permits by County
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 number of building permits granted by jurisdictions in each county from December 2008 to the present time.

Source: Construction Industry Research Board



Building Permits by Jurisdiction in Orange County 2009-2013
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 by jurisdictions in Orange County from January 2009 to the present time.

Source: Construction Industry Research Board



Orange County Total Number of Housing Permits Granted 2009 - 2015
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 Orange County since January 2007.

Source: Construction Industry Research Board
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