Orange County First-Time Homebuyer Report for October

Orange County has one of the most prosperous populations in California with a median income of $69,009 per household. On top of being ranked the ninth- most affluent county, its population is older than others with a median age of 36 years. The three cities with the largest populations are Anaheim, Santa Ana, and Irvine. The Orange County market is primarily made up of detached homes, currently accounting for 71% overall. Leading the list of top schools in the county are Olinda Elementary School, Sierra Vista Middle School, and Woodbridge High School.

Price Range

The median value of homes in Orange County is $466,900, making it one of the most valuable areas in California. At the same time, the average list price of available homes is presently $792,410. Newport Beach and Laguna Beach are the costliest places in the county.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Orange County:

$29.9M   $28M   $13M  

Typical Dwelling

The typical dwelling in Orange County is a four-bedroom detached home worth about $1,105,883. To purchase a similar home, a buyer with good credit and a $221,177 cash down payment could obtain a mortgage with a 3.95% interest rate and a $2,711 monthly payment. The property tax rate is $7.36 per $1,000 of taxable assessed value.

Get started right now by checking out Orange County homes for sale or reviewing Orange County real estate trends.

Data reported through 10/13/2016


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Coldwell Banker Residential Brokerage
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