Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$1,174,873+3.2% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$254,688About 2.2× the local median income ($114,858): hard to afford
Days on market56 daysFaster than a year ago: sellers have the edge
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in Orange County, CA is worth $1,174,873, up 3.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $968,975, so the area is 21.2% overvalued. It is a balanced market, leaning toward buyers: homes take about 56 days to sell, listings are up 10% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $254,688 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $114,858. Typical rent is $3,251 a month, or $4,905 for a house. In the latest IRS figures, 22,420 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$1,174,873
Change in 1 year
+3.2%
Overvalued %
+21.2%
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Fair home value
$968,975
Change in 5 years
+36.6%
Zillow forecast, next 12 months
+1.9%
Home value to income
10.2×
Monthly mortgage payment (20% down)
$6,367
Income needed to afford it
$254,688
Property tax rate
0.66%
Rent and investing
Typical rent
$3,251
Typical rent for houses
$4,905
Price-to-rent ratio
30.1×
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HUD Fair Market Rent, 2 bedrooms
$3,057
Gross rental yield
3.32%
Cap rate (estimate)
2.16%
Market activity
Listings vs a year ago
+10.3%
Days on market
56
Listings with a price cut
19.4%
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Homes for sale
4,692
Pending sales per 100 listings
31
Asking price per sq ft
$701
People and jobs
Median household income
$114,858
Population change (1 year)
−0.3%
Unemployment rate
5.4%
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Population
3,149,507
Income adjusted for cost of living
$101,107
Net moves in (IRS)
−22,420
Cost of living (US = 100)
113.6
Schools, risk and environment
School rating (1 to 10)
7.3
FEMA hazard risk score (0 to 100)
99.8
Unhealthy air days a year
13
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Flood risk score
99.8
Wildfire risk score
99.8
Walkability (1 to 20)
13.3
Road, rail and air noise
56 dB
Questions people ask
Is Orange County, CA overvalued?
Home prices in Orange County, CA are well above what local incomes have historically supported: fair value is about $968,975, so the area is 21.2% overvalued.
Is Orange County, CA a buyer's or seller's market?
Orange County, CA is a balanced market, leaning toward buyers: homes take about 56 days to sell, listings are up 10% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Orange County, CA?
Home values in Orange County, CA are up 3.2% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in Orange County, CA?
A household needs about $254,688 a year to afford the typical home in Orange County, CA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $114,858.