Orange, California Real Estate & Housing Market

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Orange Housing Information

Index	Orange	California	National
Median home price	$565,800	$409,300	$184,700
Median rent asked	$1,581	$1,297	$949
Avg. people per household	3.1	3.0	2.6
Owner occupied households	57.1%	54.1%	63.6%
Renter occupied households	42.9%	45.9%	36.4%

The above shows an overview of the real estate market in Orange, CA. Note how the median home price for Orange, CA runs $565,800, which is 38% higher than the average property price for California. So you’re going to get real estate in Orange, CA that is on-average less affordable than what you’ll find in the rest of California. As for rent, the median for Orange, CA runs $1,581, which is comparatively 22% higher than the average rent for California. For Orange, CA, about 57.1% of the population consist of home owners with about 3.1 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Orange, CA offers a wide variety of real estate. To find your perfect home in Orange, CA, filter your choice by price, location, and number of beds and baths using the search area above.

Orange Home Affordability

When deciding where to purchase Orange, 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 Orange, CA the median home price is $565,800 and $79,192 is the median household income. As a result, the home price to income ratio in Orange, CA is 7.1x, which is 11% 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 Orange, 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 Orange, CA.

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%
Hawaiian Gardens, CA	14,468	$288,200	56%
Seal Beach, CA	24,510	$308,400	67%
Stanton, CA	38,594	$322,200	74%
Orange, CA	139,919	$565,800	206%

Cities with similar population

City, State	Population	Home Price	National Avg.
Pasadena, CA	140,268	$649,800	252%
Fullerton, CA	139,491	$551,300	198%
Killeen, TX	138,745	$118,400	36%
Dayton, OH	141,143	$66,600	64%
McAllen, TX	138,475	$117,500	36%
Orange, CA	139,919	$565,800	206%

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