Orange County Real Estate and Livability Trends
Orange County, California's real estate market has experienced significant growth, with median home values rising from $553,600 in 2015 to $862,900 in 2022, indicating strong demand and value appreciation. Average real estate taxes have also increased, from $5,534.99 in 2012 to $9,509.46 in 2021, suggesting growing property values and changing tax rates. An interesting shift is the increased... Read more
Orange County Market Trends
Orange County, California's real estate market has shown impressive growth, with median home values soaring from $553,600 in 2015 to $862,900 in 2022. This surpasses state and national growth, indicating strong demand and value appreciation. The adoption of residential energy tax credits, peaking at $5471.88 in 2018, suggests a shift towards eco-friendly living, enhancing long-term savings and... Read more
Median Value of Occupied Housing Units in Orange County, California Over the Last 8 Years
Orange County, California has seen a significant rise in median home values over the past eight years, jumping from $553,600 in 2015 to $862,900 in 2022. This local increase outpaces both the state of California, which rose from $385,500 to $659,300 in the same period, and the national median, which went from $125,500 to $179,400. For potential investors or those looking to move, this is a clear indicator of the robust demand and value growth in Orange County's real estate market, suggesting higher property appreciation compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Orange County, CA Over the Last 9 Years
Orange County, California has seen a significant rise in residential energy tax credits per tax return over the last nine years. Starting at $1173.18 in 2013, the credits peaked at $5471.88 in 2018 before settling at $3381.84 in 2021. This trend indicates a growing recognition and adoption of energy-efficient investments by residents, making it a compelling area for green energy initiatives and sustainable property developments. Not only does this reflect a shift towards more eco-friendly living, but it also suggests potential for long-term savings for homeowners and investors interested in property within the county.
Average Real Estate Taxes Per Tax Return in Orange County, CA Over the Last 10 Years
Over the last decade, Orange County, California, has experienced a steady increase in average real estate taxes per tax return. Starting at $5,534.99 in 2012, taxes have incrementally risen each year, reaching $9,509.46 by 2021. This upward trend suggests growing property values or changes in tax rates, making it crucial for potential investors or residents to account for higher property taxes when considering real estate in the area. The marked increase, especially noticeable from 2017 onwards, could indicate broader economic shifts or property market dynamics specific to Orange County.
Percentage of Farm Returns in Orange County, CA Over the Last 10 Years
Over the past ten years, the percentage of farm tax returns in Orange County, California, has seen a gradual decline from 0.087% in 2012 to 0.062% in 2021. Farm tax returns in this context refer to the financial filings that farms submit to report their income and expenses to the IRS. This decline might suggest a decrease in the number of active farming operations or less income being generated from agriculture within the county. For potential investors, developers, or anyone considering moving to the area, this trend could indicate a shift in the economic activities of the region, perhaps with more emphasis on urban and suburban development over agriculture.
Number of Mortgages by Occupancy Type in Orange County, CA Over the Last 5 Years in Orange County
Examining the trends in Orange County, California, the data suggests a fluctuating yet generally strong demand for principal residences, peaking in 2020 with around 289,462 mortgages, possibly influenced by historically low-interest rates during the year. Investment property mortgages also saw a notable increase in 2021, reaching 26,259 from 20,129 in 2020, reflecting potential investor confidence or a pivot towards income-generating assets. Interestingly, second residences have consistently held lower but stable figures, indicating a niche but steady market. These shifts in occupancy type can profoundly impact neighborhood dynamics, property values, and insurance needs. For real estate professionals, investors, or potential homeowners, understanding these trends could be crucial for making strategic decisions about buying, selling, or developing properties in this area.
Economic Outlook
Over the last nine years, Orange County, California's average taxable income per tax return has grown from $76,206.94 to $122,502.46, signaling a robust economic environment. Average state and local income taxes have jumped from $13,516.36 in 2012 to $32,190.68 in 2021, reflecting a significant rise in the tax burden, which may affect financial planning. Average total tax liability also increased from $16,058 in 2012 to $25,367 in 2021, hinting at rising household incomes and property values,... Read more
Average Taxable Income per Tax Return in Orange County, CA over the last 9 years
Over the last nine years, the average taxable income per tax return in Orange County, CA has shown consistent growth. Starting at $76,206.94 in 2013 and seeing a notable jump to $122,502.46 in 2021, this trend underscores a robust economic environment. The sharp increase in recent years highlights potential advantages for investors, indicating a healthy local economy and rising incomes that can support new developments and attract new residents.
Average State and Local Income Taxes Per Tax Return in Orange County, CA Over the Last 10 Years
Average state and local income taxes per tax return in Orange County, CA, have significantly increased over the past decade. In 2012, the average was $13,516.36, but by 2021, it had surged to $32,190.68, reflecting a considerable rise in the tax burden. This upward trend may impact financial planning for both current residents and those considering moving to the area, highlighting the need for an adaptive approach to manage higher living costs.
Average Total Tax Liability Per Tax Return in Orange County, CA Over the Last 10 Years
Over the past decade, Orange County, California has seen a steady increase in average total tax liability per tax return, jumping from approximately $16,058 in 2012 to $25,367 in 2021. This rising tax burden hints at both an uptick in household incomes and property values, reflecting the area's economic growth. For investors and potential residents, this trend underscores the region's robust market, making it an attractive area for investment and development. Further, the significant spike in 2021 could be indicative of broader economic shifts or policy changes affecting the county.
Cost of Living in Orange County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $3,448 | $1,605 | $1,853 | $2,716 | $3,076 |
| 1 adult 4 children | $3,448 | $1,310 | $1,430 | $2,716 | $3,183 |
| 2 adults 3 children | $3,448 | $1,311 | $1,601 | $2,716 | $2,820 |
| 1 adult 3 children | $3,448 | $1,070 | $1,178 | $2,716 | $2,928 |
| 2 adults 2 children | $2,539 | $1,073 | $1,349 | $2,371 | $2,045 |
| 1 adult 2 children | $2,539 | $802 | $927 | $2,371 | $2,247 |
| 2 adults 1 child | $2,539 | $848 | $1,097 | $1,250 | $1,558 |
| 1 adult 1 child | $2,539 | $548 | $675 | $1,250 | $1,647 |
| 2 adults | $2,113 | $681 | $846 | $0 | $1,022 |
| 1 adult | $1,939 | $372 | $423 | $0 | $1,079 |
Safety trends & Data
Property crime trends in Orange County, California, have fluctuated over the past five years, with notable decreases by 2021 and subsequent increases in 2022. Although burglary and larceny-theft declined significantly, they surged again in 2022, while fraud incidents spiked to 759.00. Arson peaked in 2020 and has remained relatively high. For investors, developers, and insurers, understanding these dynamics is pivotal, as they can influence property values and risk... Read more
Property Crime Trends in Orange County, CA Over the Last 5 Years
Property crime trends in Orange County, California, have shown significant fluctuations over the past five years, with substantial decreases in incidents by 2021 and subsequent increases in 2022. Burglary and larceny-theft, historically the most prevalent property crimes, saw a marked decline but then surged again in 2022. Fraud and motor vehicle theft have also varied but fraud notably spiked to 759.0 incidents in 2022. Interestingly, arson peaked in 2020 and then remained relatively high. For those considering investments, real estate development, or insurance in Orange County, it's crucial to recognize these changing patterns, as they can impact property values and risk assessments.
Demographics
Orange County, California exhibits a relatively balanced gender distribution among adults, with a slight female majority. The population shows a diverse educational background, albeit a significant portion didn't attain higher than a high school diploma. Age distribution hints at a notable concentration in the 25 to 54 age range, reflecting a workforce demography. Racially, the county is primarily White and Asian, with meaningful representation from other racial groups. These insights can... Read more
Race Distribution in Orange County, California (2022)
Educational Attainment in Orange County, California (2022)
Age Distribution in Orange County, California
Citizen Population in Orange County, California (2022)
Political Trends & Data
Orange County, California, has seen a shift towards a more balanced political landscape, with Democrats receiving approximately 53.5% of the votes compared to about 44.4% for Republicans in the 2020 U.S. Presidential Election. The marginal support for smaller parties like the Libertarian and Green parties also suggests a growing interest in alternative political voices, pointing to changing voter demographics and increased political diversity in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Orange County, California, saw a higher percentage of votes for Democrats (approximately 53.5%) compared to Republicans (around 44.4%) in the 2020 U.S. Presidential Election, which could suggest a shift towards a more balanced political landscape. Smaller parties like the Libertarian and Green parties garnered marginal support, indicating limited but noteworthy interest in alternative political voices. The trend might reflect growing political diversity and changing voter demographics within the county.
44.44% of voters voted for the Republican party in the 2020 Presidential Election
53.48% of voters voted for the Democrat party in the 2020 Presidential Election
1.14% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Green party in the 2020 Presidential Election
0.56% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Orange County, California has dropped from 108 students per teacher in 2014 to roughly 23 students per teacher in 2023. This significant improvement could enhance property values, as better educational outcomes generally attract buyers. However, with the current ratio still above the national average of 14, there may be further room for improvement in local education infrastructure. Real estate agents should factor in these ratios when evaluating the appeal of... Read more
Student-to-teacher ratio in Orange County, California over the last 9 years
The student-to-teacher ratio in Orange County, California has significantly improved over the last nine years, dropping from a high of 108 students per teacher in 2014 to around 23 students per teacher in 2023. This trend is noteworthy for anyone considering a move, investment, or property development in the area, as lower student-to-teacher ratios generally indicate better educational outcomes and could enhance property values. However, it's important to note that the current ratio of 23 students per teacher, while much improved, is still above the national average of 14, suggesting there may still be room for improvement in local education infrastructure. Real estate agents and appraisers should consider how these ratios may impact the desirability of properties and neighborhoods for potential buyers with families.
