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 about Scout's Real Estate Data
With 91,776 people, 32,650 houses or apartments, and a median cost of homes of $1,290,934, Mission Viejo house prices are not only among the most expensive in California, Mission Viejo real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Mission Viejo, accounting for 72.02% of the city's housing units. Other types of housing that are prevalent in Mission Viejo include row houses and other attached homes ( 12.01%), large apartment complexes or high rise apartments ( 11.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.11%).
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 75.80% of Mission Viejo's homes, and 63.07% 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 ( 13.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.20%).
Appreciation rates for homes in Mission Viejo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.91%, which ranks in the top 50% nationwide. This equates to an annual average Mission Viejo house appreciation rate of 6.79%.
Appreciation rates are so strong in Mission Viejo that despite a nationwide downturn in the housing market, Mission Viejo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mission Viejo appreciation rates continue to be some of the highest in America, at 13.22%, which is higher than appreciation rates in 95.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mission Viejo. Mission Viejo appreciation rates in the latest quarter were at 2.09%, which equates to an annual appreciation rate of 8.62%.
Relative to California, our data show that Mission Viejo's latest annual appreciation rate is higher than 90% 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.
$1,290,934
for California
for nation
32,650
$4,856 / per month