Dana Point, CA Real Estate & Homes For Sale

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Dana Point Real Estate Market Facts

$780,300Median home price
91% higher than California
$1,813Median rent asked
40% higher than California
60.6%Home owners
12% higher than California
2.3People per home
21% lower than California

The above shows an overview of the real estate market in Dana Point, CA. Note how the median home price for Dana Point, CA runs $780,300, which is 91% higher than the average property price for California. So you’re going to get real estate in Dana Point, CA that is on-average less affordable than what you’ll find in the rest of California. As for rent, the median for Dana Point, CA runs $1,813, which is comparatively 40% higher than the average rent for California. For Dana Point, CA, about 60.6% of the population consist of home owners with about 2.3 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Dana Point, CA offers a wide variety of real estate. To find your perfect home in Dana Point, CA, filter your choice by price, location, and number of beds and baths using the search area above.

Dana Point Home Affordability

$780,300Median home price
91% higher than California
$83,913Median home income
32% higher than California
9.3xHome price to income ratio
45% higher than California

When deciding where to purchase Dana Point, CA real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Dana Point, CA the median home price is $780,300 and $83,913 is the median household income. As a result, the home price to income ratio in Dana Point, CA is 9.3x, which is 45% higher than the California average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Dana Point, CA the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Dana Point, CA.

Dana Point Affordability Calculator

You can afford a home up to:

Debt-to-income ratio

Monthly income breakdown

Monthly income
Monthly payment
Debt payment
Income taxes
Remainder

When looking for real estate in Dana Point, CA, finding one that won't strain your budget is imperative. That's when the home affordability calculator comes in handy. It allows you to calculate the cost of a property in Dana Point, CA, not only by considering your income, but debts and down payment amounts as well. You can personalize the home affordability calculator even further by adding in additional factors like length of mortgage term, property taxes, home insurance costs, mortgage rate, and HOA dues. The calculator will come up with an estimated cost of home ownership and display an amount that would fit within your budget. Knowing this figure will help you find a home that you can afford in Dana Point, CA and keep you from looking at places that are out of financial reach. Therefore, you can avoid disappointment and emotional attachment to homes you would not be able to afford. Additionally, this tool allows you to balance your budget because it also calculates the amount of money left over for savings and other expenses.

Dana Point Mortgage Calculator

Your monthly payment will be:

Monthly payment breakdown

Monthly payment
Mortgage
PMI fees
Property tax
Home insurance
HOA dues

If I buy a real estate in Dana Point, CA, what can I expect to pay monthly? There are a number of different factors that will go in to determining your monthly cost. While most people understand how significant the overall price of the house goes into determining the payment amount, it's also important to know that there are a variety of other variables to consider. These include things such as property taxes, private mortgage insurance (PMI), home owner's association dues, interest rate, and how much of a down payment has been made on the house. Understanding these is a great way to reduce overall payment. For example, you can reduce the private mortgage insurance by making a down payment of 20%. The mortgage calculator above will have all of these variables already filled out with default data, but you can customize it to give you a much more accurate reading. Generally speaking, you want to keep your debt to income ratio at about 36% when calculating your monthly house payment, which means paying no more than 36% of your monthly salary towards your housing and other debts.

Dana Point Demographics

34,009Population
5,244People / sq mile
48.5Median age
0.9:1Male/Female ratio

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Las Flores CDP (Tehama County), CA	324	$0	100%
Laguna Woods, CA	16,347	$228,700	24%
Aliso Viejo, CA	50,219	$539,000	192%
Lake Forest, CA	80,658	$550,600	198%
Rancho Santa Margarita, CA	49,038	$584,000	216%
Dana Point, CA	34,009	$780,300	322%

Cities with similar population

City, State	Population	Home Price	National Avg.
Pekin, IL	34,003	$103,500	44%
Houma, LA	34,052	$154,800	16%
Chester, PA	34,056	$66,800	64%
Kyle, TX	34,080	$158,400	14%
El Mirage, AZ	33,937	$124,800	32%
Dana Point, CA	34,009	$780,300	322%

Source: The Dana Point, CA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).