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 | Dana Point | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $954,098 | $642,203 | $242,182 |
| Price Trend (Annual %) | 2.8% | 10.0% | 8.2% |
| Median Gross Rent | $2,900 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.8% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dana Point is about 49% higher than in California. Rent is about 48% 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 Dana Point, up about 2.8% and 6.8% a year respectively. Rent is changing faster.
Median rent in Dana Point rose about 59.6% between 2015 and 2023, from $1,818 to $2,900. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 7.6 yearly household incomes in Dana Point.
Buying the median-priced home in Dana Point costs roughly 27.4 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 Dana Point. The price-to-rent ratio in California is about 27.4.
| Metric | Dana Point | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $954,098 | $642,203 | $242,182 |
| Median Household Income | $124,837 | $96,718 | $78,145 |
| Price-to-Income Ratio | 7.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dana Point rose about 29.3%, while median household income rose about 59.1% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Dana Point | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.0% | 51.6% | 58.2% |
| Rental Rate | 31.1% | 40.9% | 31.3% |
| Vacancy Rate | 15.9% | 7.6% | 10.6% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Dana Point has a homeownership rate of 53.0%, higher than the California average of 51.6%. Its housing vacancy rate is 15.9%, compared with 7.6% in California.
Housing Stock
| Metric | Dana Point | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1979 | 1975 | 1978 |
| Median Number of Rooms | 5.3 | 5.0 | 5.5 |
The typical housing unit in Dana Point was built around 1979. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dana Point, California.
What is the median home price in Dana Point, California?
The median home price in Dana Point, California is $954,098, higher than the California average of $642,203.
What is the average home price in Dana Point, 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 Dana Point, California?
The median gross rent in Dana Point, California is $2,900 per month, higher than the California average of $1,955.
What was the median gross rent in Dana Point in 2020?
In 2020, the median gross rent in Dana Point, California was $2,243 per month.
What is the price-to-rent ratio in Dana Point, California?
The price-to-rent ratio in Dana Point, California is about 27.4, meaning it would take roughly 27.4 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 Dana Point.
Are home prices or rent rising faster in Dana Point, California?
Both home prices and rent are rising in Dana Point, up about 2.8% and 6.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Dana Point, California?
53.0% of households in Dana Point, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Dana Point, California?
The housing vacancy rate in Dana Point, California is 15.9%, higher than the California average of 7.6%.