Orange County, California Housing Market
In Orange County, California, the median home value is $962,600, with a median monthly rent of $2,434. This places Orange County at #14 nationally out of 3134 counties by median home value, and #7 within California.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,610
- Establishments: 150,988
- BLS QCEW, 2025
Housing Supply
- Single-family: 2,777
- Multi-family: 2,215
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,343,047 (avg $130,946)
- Outflow: 1,347,803 (avg $130,885)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Orange County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 92604 | 428.1 | — | 2025 |
| 2 | 92675 | 375.3 | -9.59% | 2025 |
| 3 | 92672 | 340.6 | -18.02% | 2025 |
| 4 | 92624 | 418.3 | +3.86% | 2025 |
| 5 | 92677 | 396.2 | +8.10% | 2025 |
| 6 | 92626 | 370.8 | -12.29% | 2025 |
| 7 | 92780 | 431.4 | +2.01% | 2025 |
| 8 | 92649 | 409.4 | +14.40% | 2025 |
| 9 | 92627 | 481.5 | +11.80% | 2025 |
| 10 | 92692 | 375.5 | +5.92% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Orange County Compares
| Metric | Orange County | California Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $962,600 | $609,221 | $227,706 |
| Median Gross Rent | $2,434 | $1,690 | $968 |
| Owner Occupancy Rate | 56.4% | 63.4% | 73.3% |
| Price/Rent Ratio | 33.0 | 28.5 | 18.7 |
Market Analysis
The median home value in Orange County is 58.0% above the California state average and 322.7% above the U.S. national average. The median rent of $2,434/month is 44.0% above the state average.
With a price-to-rent ratio of 33.0, Orange County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Orange County has an owner-occupancy rate of 56.4%, compared to 63.4% in California and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Summit County | Colorado | $939,900 | $1,928 |
| Kings County | New York | $905,000 | $1,833 |
| Maui County | Hawaii | $904,700 | $1,916 |
| Santa Cruz County | California | $1,027,500 | $2,264 |
| Honolulu County | Hawaii | $897,500 | $2,083 |
Other Counties in California
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Santa Cruz County | $1,027,500 | $2,264 | 59.9% |
| Napa County | $869,500 | $2,237 | 63.4% |
| Contra Costa County | $866,800 | $2,375 | 68.0% |
| San Diego County | $854,700 | $2,246 | 54.6% |
| Alameda County | $1,090,100 | $2,357 | 54.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).