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 | Laguna Niguel | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $927,029 | $642,203 | $242,182 |
| Price Trend (Annual %) | 8.0% | 10.0% | 8.2% |
| Median Gross Rent | $2,831 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.9% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Laguna Niguel is about 44% higher than in California. Rent is about 45% 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 Laguna Niguel, up about 8.0% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Laguna Niguel rose about 54.4% between 2015 and 2023, from $1,834 to $2,831. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 6.7 yearly household incomes in Laguna Niguel.
Buying the median-priced home in Laguna Niguel costs roughly 27.3 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 Laguna Niguel. The price-to-rent ratio in California is about 27.4.
| Metric | Laguna Niguel | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $927,029 | $642,203 | $242,182 |
| Median Household Income | $138,736 | $96,718 | $78,145 |
| Price-to-Income Ratio | 6.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Laguna Niguel rose about 3.6%, while median household income rose about 45.5% 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 | Laguna Niguel | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.6% | 51.6% | 58.2% |
| Rental Rate | 30.3% | 40.9% | 31.3% |
| Vacancy Rate | 7.1% | 7.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Laguna Niguel has a homeownership rate of 62.6%, higher than the California average of 51.6%. Its housing vacancy rate is 7.1%, compared with 7.6% in California.
Housing Stock
| Metric | Laguna Niguel | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1985 | 1975 | 1978 |
| Median Number of Rooms | 5.8 | 5.0 | 5.5 |
The typical housing unit in Laguna Niguel was built around 1985. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Laguna Niguel, California.
What is the median home price in Laguna Niguel, California?
The median home price in Laguna Niguel, California is $927,029, higher than the California average of $642,203.
What is the average home price in Laguna Niguel, 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 Laguna Niguel, California?
The median gross rent in Laguna Niguel, California is $2,831 per month, higher than the California average of $1,955.
What was the median gross rent in Laguna Niguel in 2020?
In 2020, the median gross rent in Laguna Niguel, California was $2,308 per month.
What is the price-to-rent ratio in Laguna Niguel, California?
The price-to-rent ratio in Laguna Niguel, California is about 27.3, meaning it would take roughly 27.3 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 Laguna Niguel.
Are home prices or rent rising faster in Laguna Niguel, California?
Both home prices and rent are rising in Laguna Niguel, up about 8.0% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Laguna Niguel, California?
62.6% of households in Laguna Niguel, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Laguna Niguel, California?
The housing vacancy rate in Laguna Niguel, California is 7.1%, lower than the California average of 7.6%.