Wondering how much your Anaheim townhouse or Costa Mesa bungalow is worth in today’s market? Whether you’re gearing up to sell, looking to drop PMI, or simply interested in current market trends, keeping tabs on home values in Orange County is crucial. In this article, we’ll cover home price trends in Orange County, show you how to get an accurate home value estimate, and share practical strategies to increase your home’s value. We’ll also introduce some helpful tools to make sure you get the best price for your home once you’re ready to sell. Orange County home prices have soared by a staggering 66.7% since 2020. The median home value jumped from $870,000 at the beginning of the decade to a whopping $1,450,000 this past June, according to the California Association of Realtors. A report from Harvard University’s Joint Center for Housing Studies reveals that the average home in Orange County costs roughly ten times the average income. “Prices in Orange County continue to rise,” noted Jordan Levine, senior vice president and chief economist for the California Association of Realtors, in a recent interview with ABC7 Los Angeles. “Just 11% of households are out there making enough money to actually afford that median-priced home, which was in the first quarter about $1.3 million and change.” The table below demonstrates the sharp rise in home values in Orange County during the last five years. This trend isn’t specific to Orange County; it’s playing out across the United States. According to the Case-Shiller National Home Price Index, U.S. home prices have surged by 47% since early 2020. This significant rise has enabled homeowners to build considerable equity in their properties. As of early 2024, the average mortgage-holding homeowner has accumulated about $299,000 in home equity. This equity can be leveraged for purchasing new homes, making home improvements, paying off debts, or saving for the future. Up next, we’ll explain how to pinpoint the value of your Orange County home.Current home values in Orange County
Year
Median home price
Percent change year-over-year
2024 (June)
$1,450,000
+15.1%
2023 (June)
$1,260,000
-0.4%
2022 (June)
$1,265,000
+11.2%
2021 (June)
$1,138,000
+30.8%
2020 (June)
$870,000
+3.32%
