Mission Viejo, CA—92691
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Mission Viejo, CA
Home Price Trends — Mission Viejo, CA
As of Oct '25, the median home price in Mission Viejo, CA is $1,169,000, with a year-over-year change of -1.9%. This indicates that home prices in Mission Viejo, CA are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,169,000 | -1.9% |
| Single Family | $1,229,000 | -2.7% |
| Condos | $600,000 | -2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $429,000 | -3.4% |
2 Bed | $636,000 | -2.2% |
3 Bed | $1,115,000 | -2.9% |
4 Bed | $1,297,000 | -2.7% |
| 5 Bed | $1,500,000 | -2.0% |
% of Housing Stock
Rental Trends — Mission Viejo, CA
As of July '25, Rentcast reports the average rent in Mission Viejo, CA is $3,870, with a year-over-year rent change of 9.3%. Per bedroom, the median rent as of July '25 in Mission Viejo, CA is studios: $2,230, 1-bedrooms: $2,580, 2-bedrooms: $3,220, 3-bedrooms: $4,270, 4-bedrooms: $5,700. The most common rental property sizes in Mission Viejo, CA are 2-bedroom and 1-bedroom, accounting for 32.4% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $3,870 |
| Studio Rent | $2,200 | $2,230 |
| 1 Bed Rent | $2,620 | $2,580 |
| 2 Bed Rent | $3,200 | $3,220 |
| 3 Bed Rent | $4,100 | $4,270 |
| 4 Bed Rent | $5,350 | $5,700 |
% of Rental Stock
Property Listings — Mission Viejo, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mission Viejo, CA is 41. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,350,000 | 4.0% |
Listing Count | 112 | 31.0% |
| Listings as % of Homes | 0.4% | 31.0% |
Days on Market | 41 | 19.0% |
Demographics — Mission Viejo, CA
As of the latest ACS Survey released in 2023, Mission Viejo, CA has a population of 46,600, which has decreased by -8.2% over the past 5 years. Mission Viejo, CA is a moderately popular place for families, as children make up 20.4% of the population. The area has a highly educated workforce, with 46.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,600 | -8.2% |
% Under 18 | 20.4% | 2.5% |
% Seniors | 21.6% | 17.4% |
% WFH | 18.9% | 122.4% |
% w/ College Degree | 46.5% | 5.7% |
As of the latest ACS Survey released in 2023, Mission Viejo, CA is a predominantly white area, with 59.0% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Mission Viejo, CA is hispanic, making up 22.7% of the population. Foreign-born residents account for 21.6% of the population in Mission Viejo, CA, and this percentage has increased by 5.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.0% | -9.0% |
% Black | 1.1% | 0.0% |
% Hispanic | 22.7% | 19.5% |
% Asian | 11.6% | 5.5% |
% Foreign Born | 21.6% | 5.9% |
Mortgage and Risk — Mission Viejo, CA
According to HUD data as of 2023, there were 389 mortgage originations in Mission Viejo, CA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 43.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Mission Viejo, CA. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 389 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Mission Viejo, CA
As of 2024, the percent of homes in Mission Viejo, CA under the Section 8 program is 4.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Mission Viejo, CA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 157 |
Total Units Section 8 | 157 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $2,620 | $2,760 |
| 2 Bedroom | $60 | $3,200 | $3,260 |
| 3 Bedroom | $310 | $4,100 | $4,410 |
| 4 Bedroom | -$80 | $5,350 | $5,270 |
Affordability — Mission Viejo, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $1,169,000 |
| Median Household Income | $136,000 |