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 | Ladera Ranch | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,136,050 | $642,203 | $242,182 |
| Price Trend (Annual %) | 14.9% | 10.0% | 8.2% |
| Median Gross Rent | $3,500 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.7% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ladera Ranch is about 77% higher than in California. Rent is about 79% 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 Ladera Ranch, up about 14.9% and 6.7% a year respectively. Home prices are changing faster.
Median rent in Ladera Ranch rose about 62.6% between 2015 and 2023, from $2,153 to $3,500. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 6.0 yearly household incomes in Ladera Ranch.
Buying the median-priced home in Ladera Ranch costs roughly 27.0 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 Ladera Ranch. The price-to-rent ratio in California is about 27.4.
| Metric | Ladera Ranch | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,136,050 | $642,203 | $242,182 |
| Median Household Income | $189,679 | $96,718 | $78,145 |
| Price-to-Income Ratio | 6.0 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ladera Ranch rose about 114.3%, while median household income rose about 57.5% 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 | Ladera Ranch | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.0% | 51.6% | 58.2% |
| Rental Rate | 19.1% | 40.9% | 31.3% |
| Vacancy Rate | 5.0% | 7.6% | 10.6% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Ladera Ranch has a homeownership rate of 76.0%, higher than the California average of 51.6%. Its housing vacancy rate is 5.0%, compared with 7.6% in California.
Housing Stock
| Metric | Ladera Ranch | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.56 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 2005 | 1975 | 1978 |
| Median Number of Rooms | 6.3 | 5.0 | 5.5 |
The typical housing unit in Ladera Ranch was built around 2005. On average, 3.6 people live in a home with about 6.3 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ladera Ranch, California.
What is the median home price in Ladera Ranch, California?
The median home price in Ladera Ranch, California is $1,136,050, higher than the California average of $642,203.
What is the average home price in Ladera Ranch, 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 Ladera Ranch, California?
The median gross rent in Ladera Ranch, California is $3,500 per month, higher than the California average of $1,955.
What was the median gross rent in Ladera Ranch in 2020?
In 2020, the median gross rent in Ladera Ranch, California was $2,578 per month.
What is the price-to-rent ratio in Ladera Ranch, California?
The price-to-rent ratio in Ladera Ranch, California is about 27.0, meaning it would take roughly 27.0 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 Ladera Ranch.
Are home prices or rent rising faster in Ladera Ranch, California?
Both home prices and rent are rising in Ladera Ranch, up about 14.9% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ladera Ranch, California?
76.0% of households in Ladera Ranch, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Ladera Ranch, California?
The housing vacancy rate in Ladera Ranch, California is 5.0%, lower than the California average of 7.6%.