Garden Grove, CA—92843
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 $934,000, with a year-over-year change of 1.1%. 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 | $934,000 | 1.1% |
| Single Family | $957,000 | 0.1% |
| Condos | $555,000 | -3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $441,000 | -2.4% |
2 Bed | $642,000 | -0.8% |
3 Bed | $923,000 | 0.8% |
4 Bed | $1,004,000 | 0.6% |
| 5 Bed | $1,162,000 | 0.3% |
% of Housing Stock
Rental Trends — Garden Grove, CA
As of July '25, Rentcast reports the average rent in Garden Grove, CA is $2,700, with a year-over-year rent change of -6.2%. Per bedroom, the median rent as of July '25 in Garden Grove, CA is studios: $1,800, 1-bedrooms: $1,870, 2-bedrooms: $2,500, 3-bedrooms: $3,500, 4-bedrooms: $4,600. The most common rental property sizes in Garden Grove, CA are 2-bedroom and 1-bedroom, accounting for 38.7% and 25.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,700 |
| Studio Rent | $1,600 | $1,800 |
| 1 Bed Rent | $1,900 | $1,870 |
| 2 Bed Rent | $2,450 | $2,500 |
| 3 Bed Rent | $3,400 | $3,500 |
| 4 Bed Rent | $4,400 | $4,600 |
% 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 31. This is a increase of 4.0% 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 | $930,000 | 0.0% |
Listing Count | 27 | -5.0% |
| Listings as % of Homes | 0.2% | -5.0% |
Days on Market | 31 | 4.0% |
Demographics — Garden Grove, CA
As of the latest ACS Survey released in 2023, Garden Grove, CA has a population of 46,600, which has increased by 1.1% over the past 5 years. Garden Grove, CA is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,600 | 1.1% |
% Under 18 | 22.3% | -1.8% |
% Seniors | 12.4% | 6.9% |
% WFH | 8.1% | 478.6% |
% w/ College Degree | 18.5% | 16.4% |
As of the latest ACS Survey released in 2023, Garden Grove, CA is a predominantly hispanic area, with 46.4% of the population identifying as hispanic. The hispanic population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Garden Grove, CA is asian, making up 44.1% of the population. Foreign-born residents account for 53.5% of the population in Garden Grove, CA, and this percentage has increased by 4.5% 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 | 7.2% | -18.2% |
% Black | 0.4% | -20.0% |
% Hispanic | 46.4% | 0.2% |
% Asian | 44.1% | 1.4% |
% Foreign Born | 53.5% | 4.5% |
Mortgage and Risk — Garden Grove, CA
According to HUD data as of 2023, there were 255 mortgage originations in Garden Grove, CA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Garden Grove, CA. Investor activity is low, as 4.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 255 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
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 15.3%. This is considered high, suggesting that the neighborhood is heavily 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 | 911 |
Total Units Section 8 | 911 |
% Rentals under Section 8 | 15.3% |
% Occupied Section 8 | 90.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,900 | $2,110 |
| 2 Bedroom | $60 | $2,450 | $2,510 |
| 3 Bedroom | $0 | $3,400 | $3,400 |
| 4 Bedroom | -$370 | $4,400 | $4,030 |
Affordability — Garden Grove, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.9 |
| Median Home Price | $934,000 |
| Median Household Income | $82,000 |