Counties / California / Orange County

Orange County, CA

FIPS 06059 · population 3,165,820 · part of Los Angeles, CA

$1195k
Zillow home value · 2026-06
Direct county rent answer

What does rent cost in Orange County, CA?

The latest county-level Zillow ZORI is $3,186 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.

County Zillow ZORI$3,1862026-06 · up 2.3% year over year
County ACS gross rent$2,434ACS 2024 5-year · occupied-renter survey
HUD two-bedroom FMR$3,236FY2026 · administrative standard
HUD Fair Market Rent by bedroom count in Orange County
BedroomsHUD monthly FMRGeographyMeasurement boundary
Studio$2,682Orange County, CAHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
1 bedroom$2,746Orange County, CAHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
2 bedrooms$3,236Orange County, CAHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
3 bedrooms$4,393Orange County, CAHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
4 bedrooms$5,246Orange County, CAHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.

Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26

The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$1195k
▲ 1.7% year over year
Zillow ZHVI · direct
Median asking rent
$3,186
▲ 2.3% year over year
Zillow ZORI · direct
Gross yield
3.2%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$3,236
market rent is 0.98x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+53.5%not annualized · through 2025
0%ZILLOW ZHVI2026-06+1.7%FHFA HPI2025+3.3%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-08-02.
Owner-reported value$963k
Surveyed gross rent$2,434
Rent burden 30%+56.6%
Median year built1977
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
5.5%vacant
1,146,169estimated housing units
Occupied tenure43.6% renter
owner 56.4%renter 43.6%
Structure mix62.3% single-family
Single-family 62.3%20+ units 15.5%Mobile home 2.6%Other 19.5%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs1,663,322▲ 0.1% from the prior annual release
Covered establishments157,326annual average reporting locations
Average weekly wage$1,631▲ 4.2% from the prior annual release
Largest private supersectorProfessional and business services20.6% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+0.1%WEEKLY WAGE+4.2%Professional and business services20.6%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

Resident income

How local income has compounded

BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.

Per-capita personal income19692024
Per-capita personal income history for Orange CountyA line chart of annual BEA per-capita personal income from 1969 through 2024.$0k$50k$100k196919972024$5k$94k
Nominal annual dollars; not adjusted for inflation. A rising line can reflect wage, business-income, transfer-income and investment-income changes together.
Renter affordability

Who carries the heaviest rent burden

HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.

Share of renter households in each income band2018-2022
Renter cost burden by HAMFI income band in Orange CountyFive horizontal bars show moderate and severe housing cost burden shares among renter households in each HUD income band.0%25%50%75%100%At or below 30% HAMFI107,94580.8% burdened30–50% HAMFI72,01587.4% burdened50–80% HAMFI99,48060.5% burdened80–100% HAMFI51,75032.0% burdenedAbove 100% HAMFI132,1357.4% burdened
Moderate: >30% to 50%Severe: >50%
Each percentage uses HUD’s published subtotal for that income band. For disclosure, HUD keeps 0 as 0, publishes 1–7 households as 4 and rounds 8 or more to the nearest 5. Independently rounded categories can differ from their displayed sum and are not forced into a percentage.
Direct local rental evidence

Recent leases and rental-market liquidity in Orange County, CA

These Apartment List observations match the exact county Census code 06059. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.

Direct recent-lease rent history

Monthly overall-rent index; missing observations are not filled from another geography.

$2,587$2,443$2,2982021-082026-07
Recent-lease rent$2,5872026-07 · +0.8% year over year
Rental vacancy5.2%2026-07 · -0.3 percentage points year over year
Time on market28 days2026-07 · +0.0 days year over year
County brief

What the local evidence says

01Decision frame

Orange County presents a high-entry-price, low-income-return tension: at Zillow’s 2026-06 county observation, median home value was $1,194,969 while published median asking rent produced a 3.20% gross yield before costs. Buyers whose thesis depends on current cash flow should be cautious; those able to underwrite low yield against verified expenses and site risks should investigate. The central question is whether rent can absorb carrying costs, not whether appreciation headlines persist.

02Housing economics

At that Zillow observation, median asking rent was $3,186 monthly, up 2.34%, and the published gross yield is before costs. HUD’s $3,236 two-bedroom FMR is a payment standard, not market rent; the asking rent equals 98.5% of it, but FMR cannot substitute for rent in a yield calculation. The 0.66% effective property-tax rate and $6,330 median annual tax raise carrying-cost scrutiny. Zillow value rose 1.69% year over year, whereas FHFA’s 2025 repeat-transaction HPI rose 3.33%. Separate vintages and methods show positive direction, not one combined growth rate or a home value.

03Demand & competition

QCEW’s 2025 annual average records covered employment at county workplaces, up 0.12%; it is neither resident employment nor an unemployment measure. Tax-return migration was net negative by 11,618 households, yet average mover AGI was $7,884 higher for entrants than leavers. Investor purchase mortgages accounted for 13% of the 16,520 purchase mortgages, a meaningful buyer segment but not proof that investors set prices. These are county-level demand inputs requiring submarket and tenure detail.

04Risk & next checks

Realtor.com’s separate MLS listing-market observation had 18.20% of active listings price-reduced, seller-concession evidence rather than closed-sale pricing or proof of buyer demand. Inland flood is the dominant hazard, and modeled annual climate loss equals 0.30% of building value; insurance availability and site exposure could alter cost assumptions. Missing property type, financing, insurance, flood-zone, vacancy, operating-expense, lease, sale, and submarket data prevent a levered cash-flow, resale, or parcel-level hazard conclusion. Verify those items alongside rent comps and tax bills.

County ZIP rental landscape

How asking rent and renter pressure vary inside Orange County, CA

This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.

Selected ZIP range$2,274$3,596Zillow asking-rent index
Monthly spread$1,322highest minus lowest selected ZIP
Observed burden range48.7%65.0%ACS renter households paying 30%+
Renter households covered147,833across the selected ZCTAs
01 · ASKING RENT LADDERDirect ZIP ZORI
Horizontal bars compare Zillow asking-rent indexes across the selected direct-evidence ZIP set.92648$3,59692618$3,48192627$3,45392612$3,28392626$3,03392704$2,98692647$2,84092805$2,77892780$2,63692683$2,61892801$2,61592804$2,274
02 · PRESSURE MATRIXRent × observed burden
Each point is one selected ZIP and ZCTA match. Horizontal position is Zillow asking rent and vertical position is the ACS renter cost-burden share.67.5%62.2%56.8%51.5%46.2%926189280492627928059268392647926269280192648926129270492780Zillow asking-rent index →ACS burden share →
03 · BENCHMARK GAPZORI vs HUD 2BR
Bars show the percentage difference between the Zillow blended asking-rent index and the local HUD two-bedroom standard. Their housing universes differ.92648+117.1%92618+113.4%92627+112.5%92612+106.9%92626+98.8%92704+97.3%92647+92.5%92805+90.5%92780+85.9%92683+85.3%92801+85.2%92804+74.1%
WHAT THE LOCAL DISTRIBUTION SAYS

The selected direct Zillow ZORI evidence shows a materially wide June 2026 asking-rent range: $2,274 at the low end and $3,596 at the high end, a $1,322 spread around a $2,913 selected-set median. Orange County’s Zillow index is $3,186, up 2.34% year over year. The practical question is therefore not whether one countywide rent represents every option, but whether a household’s unit size, move timing, and budget fit the current asking-rent tier available where it is looking. The range should trigger live-listing comparisons at the time of search rather than be treated as a quote for any one home.

These Zillow figures must be read independently from ACS and HUD. Zillow’s ZIP ZORI is a typical observed asking-rent index, while ACS 2024 five-year ZCTA median gross rent describes surveyed occupied rental costs. In 92627, the $3,453 ZORI and $2,365 ACS estimate coexist but cannot be subtracted into appreciation, availability, or a unit-level price. HUD’s FY2026 two-bedroom FMR is an administrative benchmark, not an asking rent: $3,070 across the shown ZIPs, compared with $3,236 for the county. The corresponding ZORI-to-HUD relationship runs from 74.1% to 117.1%, useful only for bedroom-matched program-standard screening.

Affordability pressures are broad rather than confined to only the highest ZORI readings. ACS estimates put the share of renter households spending at least 30% of income on gross rent between 48.7% and 65.0% in the selected ZCTAs, against 56.6% countywide. At the same time, ACS vacancy ranges from 2.5% to 10.8%, versus 5.5% for the county. A lower vacancy rate can mean fewer immediately available units to compare, while a higher burden share signals more households crossing the stated cost threshold; neither measures listing quality, negotiation outcomes, nor why rents differ. Evaluate affordability after utilities and recurring charges, and treat vacancy as a stock indicator, not a guarantee of an available comparable.

The sample does not map a complete county rental inventory: it contains 12 ZIP/ZCTA direct-evidence matches from 72 eligible matches and covers 147,833 renter households. Census ZCTAs are statistical areas rather than USPS delivery ZIPs, and ZIPs can cross county lines; the display assignment uses the largest HUD residential-address share, which is 100% for every shown ZIP in this packet. Before acting, confirm the exact property address, bedroom count, listing date, lease term, concessions, utilities, deposits, parking, availability, and whether the quoted rent is the current asking amount, including any mandatory monthly fees. Match any HUD comparison to the applicable program and bedroom standard.

Selected ZIP evidence

Keep each source universe visible

72 ZIP profiles passed the county gate; the 12 with the most renter households are shown.

ZIP / ZCTAZillow asking rentACS gross rentHUD 2BRBurden 30%+VacancyIncome screenHUD county share
92618$3,481$3,202$3,07051.4%7.4%$139k100.0%
92804$2,274$2,070$3,07065.0%3.7%$91k100.0%
92627$3,453$2,365$3,07048.7%4.4%$138k100.0%
92805$2,778$2,175$3,07052.4%5.1%$111k100.0%
92683$2,618$2,170$3,07059.3%3.8%$105k100.0%
92647$2,840$2,430$3,07053.8%4.5%$114k100.0%
92626$3,033$2,570$3,07054.8%5.3%$121k100.0%
92801$2,615$2,056$3,07058.8%4.0%$105k100.0%
92648$3,596$2,472$3,07048.9%6.4%$144k100.0%
92612$3,283$2,872$3,07054.7%10.8%$131k100.0%
92704$2,986$2,241$3,07050.5%2.5%$119k100.0%
92780$2,636$2,310$3,07058.6%3.6%$105k100.0%
READ BEFORE USING

ZCTAs used for ACS estimates are statistical geographies, not USPS delivery ZIPs. ZIPs may cross county lines; this packet assigns display geography by largest HUD residential-address share. The selected direct-evidence records are not an exhaustive inventory of Orange County rental options.

Zillow ZORI, ACS five-year measures, and HUD FMR describe distinct methods, periods, and purposes. Do not average them or treat their differences as unit-level price changes. Confirm exact address, bedroom count, lease terms, utilities, fees, deposits, concessions, listing status, and program eligibility.

SOURCE LEDGERCensus ACS 5-year — county housing value, tenure and stockACS 2024 5-year · pulled 2026-07-30Census ACS five-year — ZCTA housing and incomeACS 2024 5-year ZCTA · pulled 2026-08-08HUD Fair Market Rents — Section 8 standardFY2026 FMR · pulled 2026-07-26HUD-USPS ZIP-to-county residential-address crosswalkHUD-USPS 2026Q1 · pulled 2026-08-09Zillow ZHVI and ZORI — county values and rentscounty ZHVI/ZORI 2026-06 · pulled 2026-07-26Zillow ZORI — ZIP market rentsZORI ZIP 2026-06 · pulled 2026-08-08
Cities & communities

Where people live within Orange County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Anaheim city344.5KSanta Ana city312.5KIrvine city311.7KHuntington Beach city195.2KGarden Grove city171KFullerton city141KOrange city138.3KCosta Mesa city110.3K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

45 Census places

Population
  1. 01
    Anaheim cityIncorporated place
    344,521
  2. 02
    Santa Ana cityIncorporated place
    312,534
  3. 03
    Irvine cityIncorporated place
    311,690
  4. 04
    Huntington Beach cityIncorporated place
    195,240
  5. 05
    Garden Grove cityIncorporated place
    170,964
  6. 06
    Fullerton cityIncorporated place
    140,968
  7. 07
    Orange cityIncorporated place
    138,266
  8. 08
    Costa Mesa cityIncorporated place
    110,330
  9. 09
    Mission Viejo cityIncorporated place
    92,151
  10. 10
    Westminster cityIncorporated place
    89,860
  11. 11
    Lake Forest cityIncorporated place
    86,281
  12. 12
    Newport Beach cityIncorporated place
    83,845
Show 33 more places
  1. 13
    Buena Park cityIncorporated place
    82,871
  2. 14
    Tustin cityIncorporated place
    78,981
  3. 15
    Yorba Linda cityIncorporated place
    67,170
  4. 16
    Laguna Niguel cityIncorporated place
    64,139
  5. 17
    San Clemente cityIncorporated place
    63,273
  6. 18
    La Habra cityIncorporated place
    61,970
  7. 19
    Fountain Valley cityIncorporated place
    56,258
  8. 20
    Placentia cityIncorporated place
    52,826
  9. 21
    Aliso Viejo cityIncorporated place
    51,113
  10. 22
    Cypress cityIncorporated place
    49,498
  11. 23
    Brea cityIncorporated place
    47,469
  12. 24
    Rancho Santa Margarita cityIncorporated place
    46,990
  13. 25
    Stanton cityIncorporated place
    39,402
  14. 26
    San Juan Capistrano cityIncorporated place
    35,095
  15. 27
    Dana Point cityIncorporated place
    32,790
  16. 28
    Laguna Hills cityIncorporated place
    30,740
  17. 29
    North Tustin CDPCensus-designated place
    25,807
  18. 30
    Seal Beach cityIncorporated place
    24,722
  19. 31
    Ladera Ranch CDPCensus-designated place
    23,793
  20. 32
    Laguna Beach cityIncorporated place
    22,710
  21. 33
    Laguna Woods cityIncorporated place
    17,289
  22. 34
    La Palma cityIncorporated place
    15,272
  23. 35
    Coto de Caza CDPCensus-designated place
    15,190
  24. 36
    Rancho Mission Viejo CDPCensus-designated place
    11,971
  25. 37
    Los Alamitos cityIncorporated place
    11,794
  26. 38
    Rossmoor CDPCensus-designated place
    11,532
  27. 39
    Midway City CDPCensus-designated place
    7,999
  28. 40
    Villa Park cityIncorporated place
    5,748
  29. 41
    Las Flores CDP (Orange County)Census place
    5,513
  30. 42
    Trabuco Canyon CDPCensus-designated place
    1,326
  31. 43
    Silverado CDPCensus-designated place
    972
  32. 44
    Modjeska CDPCensus-designated place
    714
  33. 45
    Williams Canyon CDPCensus-designated place
    73

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.295% of building value expected lost per year

Effective property tax0.66%

$6,330 median annual bill

02
DemandIRS SOI household flows
Net migration-11,618

57,152 in · 68,770 out

Arriving vs leaving income+$7,884

$104,105 arriving · $96,221 leaving

03
CompetitionHMDA financed purchases
Purchases by investors13.0%

2,148 of 16,520 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings4,544▼ 3.7% year over year
Median days on market46▼ 2.1% year over year
Listings price-reduced18.2%seller-concession signal
Median listing pricen/a▼ 5.3% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Los Angeles, CA

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Orange County3,165,820$1195k$3,1863.2%inland flooding
Los Angeles County9,808,667$888k$2,8083.8%earthquake
Bear case

What can break the county thesis

  1. County-level rent, tax, and yield measures may not match the target property's type, location, or operating profile.
  2. Flood exposure, insurance availability, or insurance terms may materially change carrying costs.
  3. Countywide migration, investor, and MLS indicators may not represent the property's submarket liquidity or buyer mix.
Underwriting questions

Before pricing a property

Can HUD FMR be used as market rent?

No. It is a two-bedroom payment standard; the record separately publishes median asking rent.

What does FHFA HPI measure here?

It is a repeat-transaction appreciation index, not a dollar home value.

What does QCEW employment represent?

Annual covered employment at workplaces in the county, not resident employment or unemployment.