GITNUX MARKETDATA REPORT 2024

Statistics About The Average Rent In Orange County

The average rent in Orange County is estimated to be around $2,500 per month.

In this post, we will examine key statistics related to the average rent in Orange County, shedding light on the housing market trends and affordability challenges faced by renters in this region. From the median monthly gross rent to specific city averages, these figures provide valuable insights into the rental landscape of Orange County.

Statistic 1

"The median monthly gross rent in Orange County was $1,571 from 2015-2019."

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Statistic 2

"As of 2019, roughly 53% of Orange County renters spent more than 30% of their household income on rent."

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Statistic 3

"Comparatively, the cost of rent in Irvine in Orange County is 52% higher than the national average."

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Statistic 4

"The annual change in rent price in Orange County is about 2% as of 2020."

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Statistic 5

"The average rent increased by $377 in Orange County for the past 5 years."

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Statistic 6

"Newport Beach has the highest rent in Orange County with an average of $3,000 per month as of 2020."

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Statistic 7

"The average rent in Anaheim, Orange County was $1,827 in 2020."

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Statistic 8

"In 2021, the average rent for a two-bedroom apartment in Orange County had increased by $22."

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Statistic 9

"As of 2021, the average rent in Huntington Beach, Orange County was $2,368, making it one of the more expensive cities in the county."

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Statistic 10

"As of 2020, the average rent in Orange County for a three-bedroom apartment was $2,831."

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In conclusion, the statistics reveal that the cost of rent in Orange County is notably high, with the median monthly gross rent and average rent prices demonstrating consistent increases over the years. A significant portion of renters in the county are burdened by housing costs, spending a large portion of their income on rent. The data also highlights variations in rent prices across different cities within Orange County, with some areas like Newport Beach commanding significantly higher rents compared to the national average. Overall, the statistics suggest a challenging rental market in Orange County, characterized by steady rent increases and a considerable portion of renters facing financial strain due to high housing costs.

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