Garden Grove, CA—92841
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 $988,000, with a year-over-year change of 1.2%. This indicates that home prices in Garden Grove, CA are increasing. 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 | $988,000 | 1.2% |
| Single Family | $996,000 | 0.3% |
| Condos | $607,000 | -1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $763,000 | -1.5% |
3 Bed | $965,000 | 0.4% |
4 Bed | $1,027,000 | 0.0% |
| 5 Bed | $1,227,000 | -0.6% |
% of Housing Stock
Rental Trends — Garden Grove, CA
As of July '25, Rentcast reports the average rent in Garden Grove, CA is $2,840, with a year-over-year rent change of 7.6%. Per bedroom, the median rent as of July '25 in Garden Grove, CA is 1-bedrooms: $2,030, 2-bedrooms: $2,550, 3-bedrooms: $4,070, 4-bedrooms: $4,900. The most common rental property sizes in Garden Grove, CA are 2-bedroom and 3-bedroom, accounting for 36.8% and 21.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $2,030 |
| 2 Bed Rent | $2,500 | $2,550 |
| 3 Bed Rent | $3,800 | $4,070 |
| 4 Bed Rent | $4,300 | $4,900 |
% 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 39. This is a increase of 13.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,200,000 | 1.0% |
Listing Count | 27 | 6.0% |
| Listings as % of Homes | 0.3% | 6.0% |
Days on Market | 39 | 13.0% |
Demographics — Garden Grove, CA
As of the latest ACS Survey released in 2023, Garden Grove, CA has a population of 33,500, which has decreased by -1.6% over the past 5 years. Garden Grove, CA is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,500 | -1.6% |
% Under 18 | 20.4% | -3.8% |
% Seniors | 16.3% | 13.2% |
% WFH | 8.7% | 128.9% |
% w/ College Degree | 22.1% | 12.8% |
As of the latest ACS Survey released in 2023, Garden Grove, CA is a predominantly asian area, with 48.5% of the population identifying as asian. The asian population has grown by 7.5% in the last 5 years. The second most common race or ethnicity in Garden Grove, CA is hispanic, making up 34.2% of the population. Foreign-born residents account for 47.9% of the population in Garden Grove, CA, and this percentage has increased by 0.4% 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 | 15.2% | -18.7% |
% Black | 1.1% | 83.3% |
% Hispanic | 34.2% | 3.3% |
% Asian | 48.5% | 7.5% |
% Foreign Born | 47.9% | 0.4% |
Mortgage and Risk — Garden Grove, CA
According to HUD data as of 2023, there were 174 mortgage originations in Garden Grove, CA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 6.0% 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. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 174 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 22.0% |
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 11.6%. 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 units appear to be good home sizes to consider for Section 8 housing in Garden Grove, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 510 |
Total Units Section 8 | 510 |
% Rentals under Section 8 | 11.6% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $2,000 | $2,110 |
| 2 Bedroom | $10 | $2,500 | $2,510 |
| 3 Bedroom | -$400 | $3,800 | $3,400 |
| 4 Bedroom | -$270 | $4,300 | $4,030 |
Affordability — Garden Grove, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.5 |
| Median Home Price | $988,000 |
| Median Household Income | $82,000 |