Mission Viejo, CA—92692
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 $1,184,000, with a year-over-year change of -0.7%. This indicates that home prices in Mission Viejo, CA are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,184,000 | -0.7% |
| Single Family | $1,282,000 | -1.2% |
| Condos | $816,000 | -0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $557,000 | -3.1% |
2 Bed | $831,000 | -0.8% |
3 Bed | $1,119,000 | -1.8% |
4 Bed | $1,459,000 | -0.8% |
| 5 Bed | $1,769,000 | 0.0% |
% of Housing Stock
Rental Trends — Mission Viejo, CA
As of July '25, Rentcast reports the average rent in Mission Viejo, CA is $4,770, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Mission Viejo, CA is studios: $2,090, 1-bedrooms: $2,180, 2-bedrooms: $3,930, 3-bedrooms: $4,460, 4-bedrooms: $5,730. The most common rental property sizes in Mission Viejo, CA are 2-bedroom and 3-bedroom, accounting for 38.3% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,500 | $4,770 |
| Studio Rent | $2,000 | $2,090 |
| 1 Bed Rent | $2,220 | $2,180 |
| 2 Bed Rent | $4,000 | $3,930 |
| 3 Bed Rent | $4,400 | $4,460 |
| 4 Bed Rent | $5,400 | $5,730 |
% 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 50. This is a increase of 28.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,160,000 | 4.0% |
Listing Count | 127 | 3.0% |
| Listings as % of Homes | 0.4% | 3.0% |
Days on Market | 50 | 28.0% |
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 -2.1% over the past 5 years. Mission Viejo, CA is a moderately popular place for families, as children make up 19.9% of the population. The area has a highly educated workforce, with 55.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,600 | -2.1% |
% Under 18 | 19.9% | 0.0% |
% Seniors | 22.8% | 15.7% |
% WFH | 21.0% | 101.9% |
% w/ College Degree | 55.2% | 7.4% |
As of the latest ACS Survey released in 2023, Mission Viejo, CA is a predominantly white area, with 59.3% of the population identifying as white. The white population has shrunk by 12.1% in the last 5 years. The second most common race or ethnicity in Mission Viejo, CA is hispanic, making up 17.8% of the population. Foreign-born residents account for 24.2% of the population in Mission Viejo, CA, and this percentage has increased by 29.4% 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 | 59.3% | -12.1% |
% Black | 1.1% | 37.5% |
% Hispanic | 17.8% | 11.9% |
% Asian | 17.0% | 51.8% |
% Foreign Born | 24.2% | 29.4% |
Mortgage and Risk — Mission Viejo, CA
According to HUD data as of 2023, there were 70 mortgage originations in Mission Viejo, CA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 32.0%, with 6.0% 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. 29.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 70 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 29.0% |
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 3.4%. 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 3-bedroom and 4-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 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 137 |
Total Units Section 8 | 136 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $700 | $2,220 | $2,920 |
| 2 Bedroom | -$550 | $4,000 | $3,450 |
| 3 Bedroom | $270 | $4,400 | $4,670 |
| 4 Bedroom | $180 | $5,400 | $5,580 |
Affordability — Mission Viejo, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $1,184,000 |
| Median Household Income | $133,000 |