The Yorba Linda housing market presents a distinctive profile within the Orange County area. This analysis explores key real estate trends, including property pricing and market activities, offering potential buyers essential information about the locality. Amidst a varied job market and community setting, the data compiled here offers a clear view of what drives Yorba Linda’s real estate market.
Table of Contents
Yorba Linda Housing Market Data
1. Median Home Price
This section analyzes Yorba Linda, 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 includes a comparison of Yorba Linda’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 Yorba Linda.
- Current Sales Prices of Yorba Linda Homes
The table below illustrates the median sales prices for homes in Yorba Linda, where the overall median price is $1,200,000. Single-family homes represent the higher end of the market with a median price of $1,332,500, while townhouses and condominiums offer more accessible entry points at $943,900 and $605,000, respectively. This pricing structure demonstrates the range of housing options available in Yorba Linda, suited to meet various budget requirements within the real estate market.
| Property Type | Yorba Linda Median Home Sales Price |
| All Properties | $1,200,000 |
| – Single-Family Home | $1,332,500 |
| – Townhouse | $943,900 |
| – Condominium | $605,000 |
All data is from the California Regional Multiple Listing Service, INC. InfoSparks © 2024 ShowingTime.
- Yorba Linda Home Sales Prices Over Time
The charts below demonstrate an overall ascending trend in Yorba Linda’s median home sales prices across all property types, aligning with the upward trajectory of the wider Orange County market. However, recent data suggests a plateau in this growth, particularly among single-family homes and condominiums.
- Current Home Sales Prices – Yorba Linda vs. Other Orange County Cities
Yorba Linda’s median home sales prices position it well within the diverse range of Orange County’s real estate offerings. Its market is appealing for buyers looking for more affordable options than the highest-priced coastal areas like Newport Beach and Laguna Beach, yet slightly above the entry-level pricing seen in cities such as Anaheim and Santa Ana. This makes Yorba Linda a prime choice for those in search of a suburban lifestyle with a hint of luxury.
2. Supply and Demand – Yorba Linda Housing Market
This section comprehensively examines the supply and demand dynamics within Yorba Linda’s housing market. It outlines the total housing stock, active listings, recent sales, current inventory level, and how quickly homes sell. 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 Yorba Linda’s real estate activities.
- Key Housing Market Indicators – Yorba Linda
Yorba Linda’s real estate market is characterized by approximately 80 homes available for sale and an average of 52 homes sold each month, indicating a healthy and dynamic market. The city maintains a 1.5-month supply of inventory, suggesting a fast-moving market that favors sellers. Homes spend an average of just 10 days on the market before selling.
| Total Homes in Yorba Linda | ~23,700 |
| Active Home Listings | 80 |
| Homes Sold | 52 |
| Inventory – Months Supply | 1.5 |
| Days on Market | 10 |
Total Homes in Yorba Linda: This refers to the approximate number of residential properties within the city.
Active Home Listings: The number of homes currently listed for sale in Yorba Linda.
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. This is also known as the absorption rate.
Days on Market: The average number of days between when a home in Yorba Linda is listed and when an offer is accepted in a given month.
- Yorba Linda Active Listings vs. Homes Sold Over Time
The graph indicates that in Yorba Linda, there has been a convergence of active home listings and homes sold, both showing a decline from early 2021. More recently, these figures have stabilized, suggesting that the market has reached a steadier state, with the supply and demand maintaining a more consistent balance.
- Current Days on Market – Yorba Linda vs. Other Orange County Cities
Homes in Yorba Linda typically sell at a brisk pace, staying on the market for a median time that competes well with other Orange County locales. This indicates a healthy demand for properties in this suburban market.
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 property base tax rate 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 Yorba Linda, 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.
- Yorba Linda Home Size and Value
In Yorba Linda, the median home size is approximately 2,140 square feet, offering more spacious living areas than many neighboring Orange County cities. With a price of $560 per square foot, Yorba Linda presents an appealing market that balances generous home sizes with a more moderate cost per square foot, making it an attractive choice for those looking for value without compromising on space.
| Median Home Size | ~2,140 ft2 |
| Price per Square Foot | $560 |
All data is from the California Regional Multiple Listing Service, INC. InfoSparks © 2024 ShowingTime.
Yorba Linda Residents Data
1. Population
Exploring the dynamics of Yorba Linda’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 Yorba Linda in relation to other parts of Orange County.
- Yorba Linda Population Statistics
Yorba Linda has a population of around 65,848 and a low population density with only 3,319 residents per square mile, indicating a comfortably populated community.
| Population | 65,848 |
| Population Density (Residents per square mile) | 3,319 |
- Population Density – Yorba Linda vs. Other Orange County Cities
Yorba Linda’s lighter blue shade on the map indicates a lower population density compared to most other Orange County cities. This suggests that Yorba Linda offers a less crowded living environment, potentially providing more space and privacy for its residents within the bustling county.
2. Employment Industries and Median Income
Exploring Yorba Linda’s economic landscape reveals the key employment sectors underpinning the local job market and the median household income, which reflect the community’s overall financial health. A deeper understanding of these factors helps frame Yorba Linda’s economic position within the wider context of Orange County.
- Yorba Linda Industries and Employment Breakdown
In Yorba Linda, the most significant employment sectors are Health Care & Social Assistance, Professional, Scientific, & Technical Services, and Manufacturing. This indicates a workforce deeply engaged in vital health services, specialized professional skills, and industrial production. This sector distribution highlights a diverse labor market catering to the community’s and the economy’s complex needs.
- Yorba Linda Median Household Income and Employment Rate
Yorba Linda stands out in Orange County with a median household income of $151,534, indicating a community with significant economic prosperity. This affluent profile is coupled with a robust employment rate of 58%, suggesting that while the income level is high, it’s supported by a strong workforce presence, not just the presence of high-income roles.
| Median Household Income | $151,534 |
| Employment Rate | 58.00% |
(ages 16 and over) that is employed, excluding those not seeking employment, such as retirees and students.
Source: US Census Bureau
3. Yorba Linda City Attractions
Yorba Linda, California, known for its rich history and community-oriented atmosphere, offers a serene retreat with a variety of attractions. Here are some of the highlights:
- Richard Nixon Presidential Library and Museum: Explore the legacy of America’s 37th President in this museum, which features interactive exhibits and the presidential archives.
- Yorba Linda Historic Cemetery: This cemetery offers a poignant glimpse into the past. It’s one of the oldest cemeteries in Orange County and the resting place for many early settlers.
- Susanna Bixby Bryant Museum and Botanic Garden: A tribute to local flora and the region’s history, perfect for a peaceful day amongst nature and learning.
- Black Gold Golf Club: A lush and challenging golf course that offers stunning views and a premier golfing experience.
- Yorba Regional Park: An expansive park offering a variety of recreational activities such as fishing, biking, and picnicking by its beautiful lakes and streams.
- Chino Hills State Park: While technically outside Yorba Linda, this natural oasis has trails for hiking, horseback riding, and discovering California’s wildlife.
- Savi Ranch Retail Area: A shopping destination featuring a range of stores and dining options for every shopper.
- Yorba Linda Community Center: A focal point for community activities including classes, programs, and social gatherings.
- Yorba Linda Heritage Museum and Historical Society: This museum preserves the city’s heritage and provides educational exhibits about the area’s history.
- Travis Ranch Youth Park: A multi-use sports complex and playground that’s a favorite for families and sports teams.
These sites celebrate Yorba Linda’s unique heritage and its commitment to community, making it a cherished locale in Southern California.
Conclusion
The Yorba Linda housing market stands out in Orange County for its wide-ranging property options and consistent market vitality. Key indicators point to a strong sales rate and an above-average median household income, signaling a prosperous community. This article distills the essential aspects of Yorba Linda’s market—its dynamic sales environment, the premium on residential space, and its economic health—affirming its status as a desirable location for homeownership.
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