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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 +2.5% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −11.4% YoY, is the number to watch.
The median listing price is up 2.5% YoY while the median home got down 0.6% bigger, so value per square foot is down 3.9%.
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 $959K purchase rents for $2,475/mo: 0.26% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 1 BR (rent only, no matching sale price), 6 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 14 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Manufactured (sold here, not rented), Multi-Family (sold here, not rented).
U.S. Census ACS characteristics for ZIP 92802 itself, not its parent county.
Renters hold 63.2% of this ZIP's 12,169 occupied households, on a median household income of $84K.
| Measure | ZIP 92802 | Orange County | Difference |
|---|---|---|---|
| Median Household Income | $84K | $116K | -$32K |
| Below Poverty Level | 13.4% | 9.5% | +3.9% |
| Median Age | 33.50 | 39.40 | -5.90 |
| Total Population | 43,132 | 3,165,820 | -- |
| Avg Household Size | 3.49 | 2.87 | +0.62 |
| Owner-Occupied | 36.8% | 56.4% | -19.6% |
| Worked From Home | 6.8% | 18.5% | -11.7% |
| Mean Commute | 25.90 | 26.70 | -0.80 |
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 0.1% to 3,165,820: residents under 18 are down 1.4% and those 65 and over are up 3.2%.
County median household income is $116K, 9.5% of residents are below the poverty level, 18.5% work from home.