Garden Grove, CA—92840
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garden Grove, CA
As of Oct '25, the median home price in Garden Grove, CA is $943,000, with a year-over-year change of 0.4%. This indicates that home prices in Garden Grove, CA are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $943,000 | 0.4% |
| Single Family | $963,000 | -0.3% |
| Condos | $561,000 | -2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $446,000 | -3.0% |
2 Bed | $626,000 | -1.3% |
3 Bed | $936,000 | -0.1% |
4 Bed | $1,004,000 | -0.4% |
| 5 Bed | $1,151,000 | -0.7% |
% of Housing Stock
Rental Trends — Garden Grove, CA
As of July '25, Rentcast reports the average rent in Garden Grove, CA is $2,880, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Garden Grove, CA is studios: $1,840, 1-bedrooms: $2,020, 2-bedrooms: $2,730, 3-bedrooms: $3,740, 4-bedrooms: $4,410. The most common rental property sizes in Garden Grove, CA are 2-bedroom and 1-bedroom, accounting for 36.4% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,880 |
| Studio Rent | $1,870 | $1,840 |
| 1 Bed Rent | $2,000 | $2,020 |
| 2 Bed Rent | $2,740 | $2,730 |
| 3 Bed Rent | $3,750 | $3,740 |
| 4 Bed Rent | $4,000 | $4,410 |
% of Rental Stock
Property Listings — Garden Grove, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Garden Grove, CA is 59. This is a increase of 68.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $966,000 | 11.0% |
Listing Count | 62 | 27.0% |
| Listings as % of Homes | 0.3% | 27.0% |
Days on Market | 59 | 68.0% |
Demographics — Garden Grove, CA
As of the latest ACS Survey released in 2023, Garden Grove, CA has a population of 54,500, which has decreased by -1.3% over the past 5 years. Garden Grove, CA is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,500 | -1.3% |
% Under 18 | 21.6% | 1.4% |
% Seniors | 14.1% | 11.9% |
% WFH | 12.7% | 296.9% |
% w/ College Degree | 28.5% | 37.7% |
As of the latest ACS Survey released in 2023, Garden Grove, CA is a predominantly hispanic area, with 43.1% of the population identifying as hispanic. The hispanic population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Garden Grove, CA is asian, making up 37.4% of the population. Foreign-born residents account for 42.8% of the population in Garden Grove, CA, and this percentage has increased by 0.9% 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 | 16.0% | -18.8% |
% Black | 1.1% | 10.0% |
% Hispanic | 43.1% | -2.9% |
% Asian | 37.4% | 11.3% |
% Foreign Born | 42.8% | 0.9% |
Mortgage and Risk — Garden Grove, CA
According to HUD data as of 2023, there were 338 mortgage originations in Garden Grove, CA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Garden Grove, CA. Investor activity is low, as 9.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 338 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Garden Grove, CA
As of 2024, the percent of homes in Garden Grove, CA under the Section 8 program is 10.1%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Garden Grove, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 750 |
Total Units Section 8 | 750 |
% Rentals under Section 8 | 10.1% |
% Occupied Section 8 | 92.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $2,000 | $2,110 |
| 2 Bedroom | -$230 | $2,740 | $2,510 |
| 3 Bedroom | -$350 | $3,750 | $3,400 |
| 4 Bedroom | $30 | $4,000 | $4,030 |
Affordability — Garden Grove, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.5 |
| Median Home Price | $943,000 |
| Median Household Income | $96,600 |