Orange County, CA Home Prices & Values
The median home value in Orange County is $672,700. Orange County home values have gone up 4.6% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in Orange County is $397, which is higher than the Los Angeles-Long Beach-Anaheim Metro average of $390. The median price of homes currently listed in Orange County is $720,000. The median rent price in Orange County is $2,800, which is higher than the Los Angeles-Long Beach-Anaheim Metro median of $2,792.
Foreclosures will be a factor impacting home values in the next several years. In Orange County 0.4 homes are foreclosed (per 10,000). This is lower than the Los Angeles-Long Beach-Anaheim Metro value of 0.7 and also lower than the national value of 0.9
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Orange County is 0.0%, which is lower than the national value of 0.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Orange County homeowners underwater on their mortgage is 0.0%, which is lower than Los Angeles-Long Beach-Anaheim Metro at 0.1%.