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Affordable
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These days, finding an affordable place to live in the Mission Viejo area can be challenging. Home prices in Mission Viejo are now at a median cost of $1,016,941, higher than the California average of $812,006.
The average cost of rent is $3,066/mo in Mission Viejo, primarily driven by the current value of real estate in the Mission Viejo area. In Mission Viejo, 21.89% of households rent, and 24.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mission Viejo is $12,701 per month. Households that rent pay about 24.14% of their income on rent here. Mission Viejo’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lake Forest, CA: equally priced homes
- Laguna Hills, CA: equally priced homes
- Rancho Santa Margarita, CA: less expensive homes
- Laguna Woods, CA: less expensive homes
- Coto de Caza, CA: higher priced homes
- Ladera Ranch, CA: higher priced homes
- Aliso Viejo, CA: less expensive homes
- Trabuco Canyon, CA: higher priced homes
- Foothill Ranch, CA: higher priced homes
- Top-of-the-World, CA: higher priced homes
Cities with Similar Populations
- Denver, CO: less expensive homes
- Dallas, GA: less expensive homes
- Davenport, IA: less expensive homes
- Denham Springs, LA: less expensive homes
- Cumming, GA: less expensive homes
- Dale City, VA: less expensive homes
- Des Moines, IA: less expensive homes
- Delray Beach, FL: less expensive homes
- Decatur, GA: less expensive homes
- Denton, TX: less expensive homes
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