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Housing View Other Metric Periods
September 2017 Metrics   

Overview:
  • Orange County’s median home price as of July 2017 was $690,000, a price which decreased by $5,000 compared to June 2017, and an increase of $50,000 compared to July 2016 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 August 2017 increased slightly to $2,167 – an increase of $7 compared to the previous month yet an increase of $243 compared to the previous year. On a per-city basis, Garden Grove and Irvine had the highest month-over-month growth at $50 and $20, respectively while Fullerton and Huntington Beach both decreased by $10 over the same time period.
  • Orange County Building permit activity in October 2014 hit landmark highs with 1,892 permits granted during the month. In July 2017, a total of 819 building permits were issued representing an increase of 42 permits month-over-month and an increase of 364 buildings permits year-over-year. In July 2017, Irvine and Huntington Beach provided the highest amount of new permits recorded during the month at 192 and 59, 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 2002 is shown on this line chart showing the trend over time.

Source: Corelogic
http://www.corelogic.com/solutions/configurable-real-estate-data-reports.aspx/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: Corelogic
http://www.corelogic.com/solutions/configurable-real-estate-data-reports.aspx/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx




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/t/browse




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: foreclosure.com
https://www.foreclosure.com/state/ca.html




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: foreclosure.com
https://www.foreclosure.com/state/ca.html




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 2010-2017
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 - 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 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