Garden Grove, CA—92845
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 $1,078,000, 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 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,078,000 | 0.4% |
| Single Family | $1,084,000 | -0.1% |
| Condos | $627,000 | -3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $696,000 | 0.6% |
3 Bed | $1,041,000 | -0.1% |
4 Bed | $1,112,000 | 0.0% |
| 5 Bed | $1,212,000 | -0.5% |
% of Housing Stock
Rental Trends — Garden Grove, CA
As of July '25, Rentcast reports the average rent in Garden Grove, CA is $3,750, with a year-over-year rent change of -2.8%. Per bedroom, the median rent as of July '25 in Garden Grove, CA is studios: $2,000, 1-bedrooms: $1,510, 2-bedrooms: $2,940, 3-bedrooms: $4,580, 4-bedrooms: $4,620. The most common rental property sizes in Garden Grove, CA are 4-bedroom and 2-bedroom, accounting for 31.3% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,950 | $3,750 |
| Studio Rent | $2,000 | $2,000 |
| 1 Bed Rent | $995 | $1,510 |
| 2 Bed Rent | $2,820 | $2,940 |
| 3 Bed Rent | $3,950 | $4,580 |
| 4 Bed Rent | $4,500 | $4,620 |
% 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 37. This is a increase of 3.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,060,000 | 10.0% |
Listing Count | 18 | 9.0% |
| Listings as % of Homes | 0.2% | 9.0% |
Days on Market | 37 | 3.0% |
Demographics — Garden Grove, CA
As of the latest ACS Survey released in 2023, Garden Grove, CA has a population of 15,500, which has decreased by -6.7% over the past 5 years. Garden Grove, CA is a moderately popular place for families, as children make up 20.3% of the population. The area has a moderately educated workforce, with 41.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,500 | -6.7% |
% Under 18 | 20.3% | -9.8% |
% Seniors | 17.4% | -7.9% |
% WFH | 14.2% | 184.0% |
% w/ College Degree | 41.7% | 12.7% |
As of the latest ACS Survey released in 2023, Garden Grove, CA is a predominantly white area, with 57.0% of the population identifying as white. The white population has shrunk by 8.7% in the last 5 years. The second most common race or ethnicity in Garden Grove, CA is hispanic, making up 19.5% of the population. Foreign-born residents account for 13.0% of the population in Garden Grove, CA, and this percentage has increased by 1.6% 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 | 57.0% | -8.7% |
% Black | 1.6% | 6.7% |
% Hispanic | 19.5% | -0.5% |
% Asian | 13.8% | 0.7% |
% Foreign Born | 13.0% | 1.6% |
Mortgage and Risk — Garden Grove, CA
According to HUD data as of 2023, there were 230 mortgage originations in Garden Grove, CA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 39.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Garden Grove, CA. Investor activity is low, as 3.0% 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 | 230 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 3.0% |
% 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 3.6%. 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. In Garden Grove, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 38 |
Total Units Section 8 | 38 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,975 | $995 | $2,970 |
| 2 Bedroom | $690 | $2,820 | $3,510 |
| 3 Bedroom | $800 | $3,950 | $4,750 |
| 4 Bedroom | $1,170 | $4,500 | $5,670 |
Affordability — Garden Grove, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $1,078,000 |
| Median Household Income | $134,000 |