Mission Viejo, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Mission Viejo, California rental market.
Mission Viejo, California
Average Apartment Rent
$2,783
Y-o-Y Change in Average
Apartment Rent
3.7%
As of November 2024
Compared to a year ago, Mission Viejo, California apartments have recorded a 3.7% rent increase.
Mission Viejo, California Average apartment rent trend
Mission Viejo, California Average Apartment Rent
Mission Viejo, California Housing tenure**
Renters take up 22% of Mission Viejo, California real estate, occupying a total of 7,338 units, while homeowners live in 25,312 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$89,414
Average household size of renter-occupied housing units**
2.78
Rental vacancy rate**
7.2%
Mission Viejo, California Renter-occupied housing units by no. of bedrooms**
There are 2,517 rentals in Mission Viejo, California with 2 beds making up the highest share of the market, at 34%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 203 units. Overall, the median number of rooms in Mission Viejo, California homes for rent is 4.3.
Mission Viejo, California Renter-occupied units by age of householder**
Most condos for rent in Mission Viejo, California are occupied by residents in the 35 - 44 years age group (23%), followed by those in the 25 - 34 years age group (21%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 4%.
Mission Viejo, California Renter-occupied housing units by family type**
Mission Viejo, California Renter-occupied housing units by the presence of own children**
A total of 4,891 apartments for rent in Mission Viejo, California, or 67% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 2,385 units. All in all, the median size of a renter-occupied household in Mission Viejo, California is 2.78.
Mission Viejo, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 46% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Mission Viejo, California.
Mission Viejo, California Renter-occupied units by year structure built**
The highest share of Mission Viejo, California apartment rentals, namely 33% or 2,394 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (26%, 1,884 units), and the ones Built 1990 - 1999 (15%, 1,116 units).
Mission Viejo, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Mission Viejo, California renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Mission Viejo, California condos for rent is 2017.
Mission Viejo, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of Mission Viejo, California renters have 2 vehicles available per household, 34% of them have 1 vehicle available, and 8% have 3 vehicles available.
Mission Viejo, California Means of transportation to work of householders living in renter-occupied housing units**
Mission Viejo, California Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Mission Viejo, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
