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These days, finding an affordable place to live in the Rancho Santa Margarita area can be challenging. Home prices in Rancho Santa Margarita are now at a median cost of $911,384, higher than the California average of $812,006.
The average cost of rent is $2,930/mo in Rancho Santa Margarita, primarily driven by the current value of real estate in the Rancho Santa Margarita area. In Rancho Santa Margarita, 32.02% of households rent, and 19.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rancho Santa Margarita is $13,534 per month. Households that rent pay about 21.65% of their income on rent here. Rancho Santa Margarita’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Trabuco Canyon, CA: higher priced homes
- Coto de Caza, CA: higher priced homes
- Mission Viejo, CA: higher priced homes
- Lake Forest, CA: equally priced homes
- Foothill Ranch, CA: higher priced homes
- Modjeska, CA: higher priced homes
- Silverado, CA: equally priced homes
- Ladera Ranch, CA: higher priced homes
- Laguna Hills, CA: higher priced homes
- Laguna Woods, CA: less expensive homes
Cities with Similar Populations
- Concord, NH: less expensive homes
- Wausau, WI: less expensive homes
- Frankfort, KY: less expensive homes
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- Upper Arlington, OH: less expensive homes
- Salina, KS: less expensive homes
- Rowland Heights, CA: equally priced homes
- Roseville, MI: less expensive homes
- East Brunswick, NJ: less expensive homes
- Downingtown, PA: less expensive homes
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