Welcome to a comprehensive exploration of the Anaheim housing market, a dynamic landscape where dreams are forged in the heartland of Orange County. Anaheim, the city that hosts the enchantment of Disneyland and the roar of Angel Stadium, presents a real estate tableau as diverse as its attractions. This article dives deep into the latest market data, offering insights into median home prices, supply and demand dynamics, property tax considerations, home sizes and values, and the demographic tapestry that informs the city’s economy. Whether you’re a potential homebuyer, a real estate enthusiast, or simply curious about the trends shaping Anaheim’s neighborhoods, this article is your gateway to understanding the pulse of this vibrant community.
Table of Contents
Anaheim Housing Market Data
1. Median Home Price
This section analyzes Anaheim, California’s housing market by detailing current home prices and breaking them down by property type. It outlines the general trend of higher pricing for single-family homes compared to townhouses and condos. Additionally, it compares Anaheim’s home prices with those in other Orange County cities, allowing for a broader understanding of its market position. The data will equip prospective buyers with valuable insights for making informed purchasing decisions in Anaheim.
- Current Sales Prices of Anaheim Homes
The table below delineates the typical sales prices for homes in Anaheim, revealing a median price of $820,000 overall. Single-family homes are at the top end of this spectrum with a median cost of $862,000, while townhouses and condominiums offer more affordable entry points at $740,000 and $630,000 respectively. These figures cater to a broad range of buyer budgets within the Anaheim real estate market, providing various housing options from more compact and economical condominiums to spacious, premium single-family homes.
| Property Type | Anaheim Median Home Sales Price |
| All Properties | $820,000 |
| – Single-Family Home | $862,000 |
| – Townhouse | $740,000 |
| – Condominium | $630,000 |
All data is from the California Regional Multiple Listing Service, INC. InfoSparks © 2024 ShowingTime.
- Anaheim Home Sales Prices Over Time
The charts below illustrate a steady increase in Anaheim’s median home sales prices over time, showcasing a market that exhibits robust growth, reflective of the area’s appeal and economic vitality. Different property types show varying trends, with single-family homes experiencing a marked increase, underlining a strong demand for detached homes. However, condominiums and townhouses have also seen price ascents over the past few years, suggesting a resilent housing market across property types.
- Current Home Sales Prices – Anaheim vs. Other Orange County Cities
Anaheim offers competitive pricing, highlighted by its lower-tier positioning. With its median home sales price, Anaheim presents an attractive option for a range of buyers—those looking for more affordable housing without straying far from the amenities and lifestyle options that Orange County offers. This balance of affordability and quality of life underlines Anaheim’s appeal in a diverse real estate market, from first-time buyers to those seeking to invest in a dynamic area.
2. Supply and Demand – Anaheim Housing Market
This section comprehensively examines the supply and demand dynamics within Anaheim’s housing market. It outlines the total housing stock, active listings, recent sales, current inventory level, and how quickly homes are selling. A snapshot of these indicators helps illustrate the market’s fluidity and efficiency, providing prospective buyers with a clearer understanding of the pace and health of Anaheim’s real estate activities.
- Key Housing Market Indicators – Anaheim
Analyzing Anaheim’s critical housing market indicators, the data suggests a robust and dynamic real estate environment. With an inventory supply of 1.7 months, the market leans towards sellers, yet it is relatively competitive, allowing buyers enough selection for informed decisions. The days on market average at 11 days, further emphasizing the city’s appeal and the effectiveness of pricing strategies in the area. These indicators present Anaheim as a city with an active and responsive real estate market.
| Total Homes in Anaheim | ~110,400 |
| Active Home Listings | 152 |
| Homes Sold | 84 |
| Inventory – Months Supply | 1.7 |
| Days on Market | 11 |
Total Homes in Anaheim: This refers to the approximate number of residential properties within the city.
Active Home Listings: The number of homes currently listed for sale in Anaheim.
Homes Sold: A count of the actual sales that have closed in a given month. Calculations are based on sold data.
Inventory – Months Supply: The inventory of homes for sale at the end of a given month, divided by the average monthly Pending Sales from the last 12 months, also known as absorption rate.
Days on Market: The average number of days between when a home in Anaheim is listed and when an offer is accepted in a given month.
- Anaheim Active Listings vs. Homes Sold Over Time
The trend lines indicate a healthy balance between supply and demand over time in the dynamics of the Anaheim real estate market. While there have been fluctuations, both active listings and homes sold follow somewhat parallel paths, illustrating a consistent market without extreme variances. This stability is indicative of a well-balanced real estate climate in Anaheim, which is moderately saturated and well-stocked for inventory.
- Current Days on Market – Anaheim vs. Other Orange County Cities
Homes in Anaheim move relatively efficiently through the market, with median days on market appearing in the middle of the pack of all Orange County cities. This swift market movement signals strong demand and an active real estate environment in Anaheim, suggesting that while homes are priced accessibly, they also benefit from a desirable location that attracts a steady flow of buyers.
3. Property Taxes
Property taxes in California are determined by a combination of state law and county-specific regulations. Under Proposition 13, enacted in 1978, the base tax rate for properties is fixed at 1% of the assessed value. This assessed value is initially pegged to the purchase price and can only increase by a maximum of 2% annually, safeguarding homeowners from steep tax hikes when property values escalate quickly.
Orange County follows this state framework but also applies additional levies that can vary significantly between locations within the county. These can include voter-approved debt rates for city and district improvements, and direct assessments for community services like flood control and street lighting. Also, properties in areas with Mello-Roos districts may incur additional taxes for community facilities.
To aid in understanding, consider the example of a property tax bill below. It breaks down the individual components that constitute the total tax obligation. Notably, while the General Tax Levy remains constant at 1%, the aggregate of additional charges, such as special district assessments, significantly affects the overall tax bill. These variations emphasize the importance of due diligence in comprehending the full scope of property taxes when assessing the cost of homeownership in different parts of Orange County.
4. Median Home Size
This section examines the median home size and price per square foot in Anaheim, essential indicators for assessing property value and space. These metrics aid prospective buyers in comparing market value and understanding what their budget can secure in terms of home size, especially in relation to other areas in Orange County.
- Anaheim Home Size and Value
When it comes to home size and value in Anaheim, the statistics show that homes in the city have a median size of approximately 1,530 square feet, reflecting a preference for moderately spacious living accommodations. The price per square foot stands at $535, indicating a market that values space efficiently, at a rate that is competitive within Orange County. These figures highlight Anaheim’s position as offering valuable living space at a cost that balances affordability with the desirability of the area. With these dimensions and price points, Anaheim upholds its reputation as a city that provides quality housing options that meet a diverse range of preferences and budgets.
| Median Home Size | ~1,530 ft2 |
| Price per Square Foot | $535 |
All data is from the California Regional Multiple Listing Service, INC. InfoSparks © 2024 ShowingTime.
Anaheim Residents Data
1. Population
Exploring the dynamics of Anaheim’s population and its density offers a glimpse into the city’s living conditions and community structure. Population density, which measures the number of residents per square mile, sheds light on how closely people live together and can indicate the balance between urban development and available living space. Understanding this helps explain how population concentration impacts the social fabric, infrastructure, and lifestyle of residents in Anaheim in relation to other parts of Orange County.
- Anaheim Population Statistics
Anaheim boasts a substantial population of 341,817, with a density of 6,793 residents per square mile, characterizing it as a city with a significant urban presence. The population density indicates a lively community with a bustling city atmosphere that still manages to maintain a sense of space and individuality for its residents. This balance is indicative of Anaheim’s appeal as a city that can cater to those seeking the benefits of urban living alongside the comforts of a suburban lifestyle.
| Population | 341,817 |
| Population Density (Residents per square mile) | 6,793 |
- Population Density – Anaheim vs. Other Orange County Cities
The map reflects Anaheim’s population density in comparison to other cities within Orange County. Anaheim has a moderate density level, suggesting a balance between urban accessibility and residential comfort. This positions Anaheim as a city that offers both the vibrancy of a populated area and the personal space often sought by residents, providing a diverse urban experience without the extremes of overcrowding.
2. Employment Industries and Median Income
Exploring the economic landscape of Anaheim reveals the key employment sectors underpinning the local job market and the median household income, reflecting the community’s overall financial health. A deeper understanding of these factors helps frame Anaheim’s economic position within the wider context of Orange County.
- Anaheim Industries and Employment Breakdown
The employment sectors within Anaheim are diverse, with the most substantial proportions of the workforce being in Health Care & Social Assistance, Retail Trade, and Manufacturing. These industries suggest a labor force involved in a broad range of specialized services, from professional and technical services to essential health-related roles, and robust consumer sales. The industrial spread showcases Anaheim’s economic diversity and its capacity to offer employment across various sectors, contributing to the overall economic health of the city.
- Anaheim Median Household Income and Employment Rate
Anaheim’s median household income of $85,133, though not the highest in Orange County, comfortably exceeds the national average, reflecting a solid economy. An employment rate of 64.20% suggests a stable job market contributing to the city’s consistent economic performance.
| Median Household Income | $85,133 |
| Employment Rate | 64.20% |
(ages 16 and over) that is employed, excluding those not seeking employment, such as retirees and students.
Source: US Census Bureau
3. Anaheim City Attractions
Anaheim, California, is a vibrant city that offers a blend of cultural, recreational, and entertainment options, captivating a diverse array of visitors and residents. Here are some of the main attractions:
- Disneyland Resort: The most iconic attraction, this magical theme park is home to classic characters, thrilling rides, and enchanting parades.
- Angel Stadium: A hub for sports enthusiasts, this stadium is the home of the Los Angeles Angels and hosts major league baseball games.
- Anaheim GardenWalk: A unique outdoor dining, shopping, and entertainment destination offering a variety of experiences for all tastes.
- Honda Center: This indoor arena is the home of the Anaheim Ducks hockey team and a venue for top music concerts and events.
- The Packing District: A culinary haven featuring Anaheim Packing House and a collection of eateries in a communal gathering place.
- Adventure City: A family-friendly amusement park that provides a cozier atmosphere with attractions for younger children.
- Yorba Regional Park: A beautiful park with bike trails, picnic areas, and lakes, ideal for outdoor activities and relaxation.
- Center Street Promenade: A charming district with local boutiques, artisanal foods, and seasonal farmers’ markets.
- Muzeo Museum and Cultural Center: Exhibits, art, history, and culture in an engaging setting for a diverse audience.
- Oak Canyon Nature Center: A 58-acre natural park nestled in the Anaheim Hills, perfect for hikers and nature lovers.
- Anaheim Ice: A public ice skating rink that also serves as a training facility for ice sports and recreation.
These attractions, each with their own unique offerings, establish Anaheim as a delightful destination that extends far beyond its fairy-tale centerpiece.
Conclusion
Anaheim’s housing market is a reflection of its robust community spirit and thriving economic engine. With its competitive home prices, swift market movements, and balanced supply and demand, Anaheim positions itself as both a dream destination for homebuyers and a pragmatic choice for practical living. The city’s median household income and diverse employment sectors mirror a locale ripe with opportunity, while its population density and real estate landscape reveal a community that values both connectivity and personal space. As we’ve journeyed through the various aspects of Anaheim’s housing data, one thing remains clear: Anaheim is not just a city of attractions, but a city of opportunities—a place where the promise of Southern California living is met with the reality of a welcoming, prosperous, and engaging city.
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