Jan. 29–Some statistics on how Mission Viejo housing looks compared to the rest of the nation through the Zillow lens.
The online housing tracker’s national databases can help add some perspective to the high price of local living.
As of November, for example, Orange County real estate by Zillow’s math — the No. 5 nationally in housing market size — has a median home value of $696,200, 13th highest in the 1,700-plus U.S. counties tracked. That’s after surging 44.7 percent in the last five years, the 212th ranked gain nationally.
Other Southern California countywide median values and their U.S. rank: Los Angeles County at $588,000 (No. 22 among 1,700 counties); San Diego County at $560,800 (No. 27); Riverside County at $354,600 (No. 85); and San Bernardino County at $318,200 (No. 123).
Here’s how Zillow sees home values in Mission Viejo as of November compared to some 13,000-plus other U.S. cities …
Market size: No. 346 nationally, or in the top 4 percent.
Price: $705,100 — that’s No. 415 nationally or in the top 4 percent.
5-year gain: 42.4 percent — that’s No. 2,349 or in the top 19 percent.
10-year gain: 9.5 percent — that’s No. 4,480 or in the top 39 percent.
All-time high value? $730,500 in May 2006 or 3.6 percent above current level.
DID YOU SEE …
Southern California population grows at fastest pace since 2014
Southern California housing takes nation’s largest bite of local paychecks
Southern California homes overvalued? Appraisers suggest yes
What bums out employees at Orange County’s top workplaces
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