An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +13.6% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −16.2% YoY, is the number to watch.
The median listing price is up 13.6% YoY while the median home got up 6.9% bigger, so value per square foot is down 6.2%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $364K purchase rents for $1,850/mo: 0.51% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 95 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 32801 itself, not its parent county.
Renters hold 72.6% of this ZIP's 10,785 occupied households, on a median household income of $81K.
| Measure | ZIP 32801 | Orange County | Difference |
|---|---|---|---|
| Median Household Income | $81K | $80K | +$1K |
| Below Poverty Level | 17.0% | 13.0% | +4.0% |
| Median Age | 35.70 | 36.60 | -0.90 |
| Total Population | 17,046 | 1,471,937 | -- |
| Avg Household Size | 1.50 | 2.72 | -1.22 |
| Owner-Occupied | 27.4% | 56.8% | -29.4% |
| Worked From Home | 22.9% | 17.7% | +5.2% |
| Mean Commute | 24.60 | 28.00 | -3.40 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 2.2% to 1,471,937: residents under 18 are up 1.3% and those 65 and over are up 4.4%.
County median household income is $80K, 13.0% of residents are below the poverty level, 17.7% work from home.