What is the median home value in Orange County, CA?

The median home value in Orange County, CA is $915,500, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Orange County, CA?

The cap rate proxy in Orange County, CA is 3.4% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is below average, suggesting an appreciation-focused market.

How much new construction is happening in Orange County, CA?

Orange County has 3.2 million residents and issued 5,596 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Los Angeles-Long Beach-Anaheim, CA · California

Orange County

3.2M residents5,596 permits TTM$113,702 median HHI88 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$915,500

ACS 5-Year

Cap rate proxy

3.4%

FMR × 0.65 ÷ Home Value

Rent-to-income

24.8%

HUD FMR ÷ ACS HHI

Net migration

+1.74%

IRS SOI

Permits (TTM)

5,596

Census BPS

Climate risk

99.8

FEMA NRI (0–100)

ZIP code breakdown88 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
92637	—	—	—	7.4%	-8.7%
92617	—	—	—	3.4%	9.6%
92801	—	—	—	3.6%	3.2%
90680	—	—	—	4.2%	-5.5%
92703	—	—	—	3.8%	1.3%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
—	—	—	4.6%	-38.8%
—	—	—	4.6%	-1.4%
—	—	—	4.6%	-14.2%
—	—	—	4.2%	-30.5%
—	—	—	4.1%	-55.1%
—	—	—	4.1%	-16.1%
—	—	—	4.0%	-4.9%
—	—	—	4.0%	-18.4%
—	—	—	4.0%	-7.5%
—	—	—	3.9%	-51.1%
—	—	—	3.9%	-20.4%
—	—	—	3.9%	-8.2%
—	—	—	3.8%	-64.8%
—	—	—	3.7%	-57.4%
—	—	—	3.7%	-25.7%
—	—	—	3.7%	-4.1%
—	—	—	3.6%	-3.1%
—	—	—	3.6%	-28.6%
—	—	—	3.6%	-79.5%
$925,927	$2,740	3.6%	3.6%	-0.4%
—	—	—	3.5%	-13.4%
—	—	—	3.5%	-11.6%
—	—	—	3.4%	-37.0%
—	—	—	3.4%	-1.3%
$1,063,698	$3,170	3.6%	3.3%	8.1%
—	—	—	3.3%	-25.4%
—	—	—	3.3%	-30.7%
—	—	—	3.3%	-17.8%
—	—	—	3.2%	-24.3%
—	—	—	3.2%	-33.1%
—	—	—	3.2%	-35.3%
—	—	—	3.2%	6.8%
—	—	—	3.1%	-23.0%
—	—	—	3.1%	-37.2%
—	—	—	3.1%	9.6%
—	—	—	3.1%	9.6%
—	—	—	3.1%	9.6%
—	—	—	3.1%	9.6%
—	—	—	3.1%	-60.3%
—	—	—	3.1%	3.9%
—	—	—	3.0%	-14.1%
—	—	—	3.0%	-5.7%
—	—	—	3.0%	9.6%
—	—	—	2.9%	9.5%
—	—	—	2.9%	-25.8%
—	—	—	2.9%	2.7%
—	—	—	2.9%	-2.0%
—	—	—	2.9%	-15.2%
—	—	—	2.9%	-2.6%
—	—	—	2.8%	-9.5%
—	—	—	2.8%	8.5%
—	—	—	2.8%	2.7%
—	—	—	2.8%	-21.2%
—	—	—	2.8%	-34.5%
—	—	—	2.8%	-8.6%
—	—	—	2.8%	9.6%
—	—	—	2.7%	-29.2%
—	—	—	2.7%	-27.5%
—	—	—	2.7%	9.6%
—	—	—	2.7%	-31.8%
—	—	—	2.7%	-44.8%
—	—	—	2.6%	-23.1%
—	—	—	2.6%	-1.0%
—	—	—	2.6%	-17.6%
—	—	—	2.6%	-11.7%
—	—	—	2.6%	9.6%
—	—	—	2.5%	-30.1%
—	—	—	2.5%	-9.0%
—	—	—	2.5%	-35.8%
—	—	—	2.5%	-34.4%
$1,186,659	$2,960	3.0%	2.4%	20.5%
—	—	—	2.4%	-18.5%
—	—	—	2.2%	9.6%
—	—	—	2.1%	-54.6%
—	—	—	2.1%	-32.8%
—	—	—	1.6%	-58.7%
—	—	—	1.3%	9.6%
—	—	—	1.2%	-4.2%
—	—	—	1.0%	-94.7%
—	—	—	0.7%	-251.8%
—	—	—	0.6%	-165.2%
—	—	—	0.6%	-251.5%
—	—	—	0.5%	-136.4%

Demographics

Owner-occupied

56.4%

Census ACS

Vacancy rate

5.6%

Census ACS

Bachelor's degree +

43.4%

Census ACS

Rent burdened

53.5%

Census ACS (>30% income)

Median age

39.1

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

Orange County

See all 88 ZIPs ranked by yield and cap rate