Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Aliso Viejo | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $742,163 | $642,203 | $242,182 |
| Price Trend (Annual %) | 16.4% | 10.0% | 8.2% |
| Median Gross Rent | $2,751 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Aliso Viejo is about 16% higher than in California. Rent is about 41% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Aliso Viejo, up about 16.4% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Aliso Viejo rose about 47.7% between 2015 and 2023, from $1,863 to $2,751. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Aliso Viejo.
Buying the median-priced home in Aliso Viejo costs roughly 22.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Aliso Viejo. The price-to-rent ratio in California is about 27.4.
| Metric | Aliso Viejo | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $742,163 | $642,203 | $242,182 |
| Median Household Income | $133,841 | $96,718 | $78,145 |
| Price-to-Income Ratio | 5.5 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Aliso Viejo rose about 116.2%, while median household income rose about 43.8% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Aliso Viejo | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.9% | 51.6% | 58.2% |
| Rental Rate | 43.1% | 40.9% | 31.3% |
| Vacancy Rate | 5.0% | 7.6% | 10.6% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Aliso Viejo has a homeownership rate of 51.9%, about the same as the California average of 51.6%. Its housing vacancy rate is 5.0%, compared with 7.6% in California.
Housing Stock
| Metric | Aliso Viejo | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1995 | 1975 | 1978 |
| Median Number of Rooms | 4.6 | 5.0 | 5.5 |
The typical housing unit in Aliso Viejo was built around 1995. On average, 2.5 people live in a home with about 4.6 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Aliso Viejo, California.
What is the median home price in Aliso Viejo, California?
The median home price in Aliso Viejo, California is $742,163, higher than the California average of $642,203.
What is the average home price in Aliso Viejo, California?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Aliso Viejo, California?
The median gross rent in Aliso Viejo, California is $2,751 per month, higher than the California average of $1,955.
What was the median gross rent in Aliso Viejo in 2020?
In 2020, the median gross rent in Aliso Viejo, California was $2,305 per month.
What is the price-to-rent ratio in Aliso Viejo, California?
The price-to-rent ratio in Aliso Viejo, California is about 22.5, meaning it would take roughly 22.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Aliso Viejo.
Are home prices or rent rising faster in Aliso Viejo, California?
Both home prices and rent are rising in Aliso Viejo, up about 16.4% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Aliso Viejo, California?
51.9% of households in Aliso Viejo, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Aliso Viejo, California?
The housing vacancy rate in Aliso Viejo, California is 5.0%, lower than the California average of 7.6%.