Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 97,156 people, 33,483 houses or apartments, and a median cost of homes of $730,067, real estate costs in Mission Viejo are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Mission Viejo, accounting for 72.61% of the city's housing units. Other types of housing that are prevalent in Mission Viejo include large apartment complexes or high rise apartments ( 12.08%), row houses and other attached homes ( 12.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.20%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mission Viejo. Owner-occupied housing accounts for 75.90% of Mission Viejo's homes, and 64.53% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mission Viejo built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mission Viejo built between 1940-1969 ( 12.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.75%).
Real estate appreciation rates in Mission Viejo's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.00% during the period.
NeighborhoodScout's data show that during the latest twelve months, Mission Viejo's appreciation rate, at 5.47%, has been at or slightly above the national average. In the latest quarter, Mission Viejo's appreciation rate has been 1.99%, which annualizes to a rate of 8.20%.
Importantly, this makes Mission Viejo one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Mission Viejo's latest annual appreciation rate is lower than 80% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Mission Viejo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mission Viejo - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Mission Viejo real estate investment or home purchase decisions.
|$948,001 - $1,265,000||13.5|
|$632,001 - $948,000||49.5|
|$506,001 - $632,000||17.7|
|$379,001 - $506,000||10.0|
|$253,001 - $379,000||3.6|
|$127,001 - $253,000||2.2|
|$63,001 - $127,000||0.4|
|$0 - $63,000||1.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Mission Viejo HOMES|
|2000 or Newer||4.7|
|1970 - 1999||82.2|
|1940 - 1969||12.8|
|1939 or Older||0.3|
|TYPE OF Mission Viejo HOMES|
|Small Apt. Buildings||3.2|
|SIZE OF Mission Viejo HOMES|
|5 or more bedrooms||7.25|