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Rancho Santa Margarita real estate market overview
- Average Monthly Rent: $2,589
- Home Price/Value Percentage Change: 1.00%
- Median Home Value: $893,980
- Best Time To Sell a Home: May
- Affordability Index: Low
- Days To Sell a House: 54
- Job Market: Weak
- Public School Ranking: 40
Location and weather
Rancho Santa Margarita is near the Laguna Niguel Regional Park and is a suburb of Irvine in Orange County. Being one of Orange County's youngest cities, Rancho Santa Margarita is a master-planned community, with many coffee shops, boutiques and parks that attracts both families and young professionals to live there. It is also an eco-conscious community known for having an annual water festival, which is a family-friendly event where adults and children learn more about water use efficiency and local supply reliability. The public schools in Rancho Santa Margarita are also highly rated.
In Rancho Santa Margarita, the summers are warm, arid, and clear, while the winters are long, cool, and partly cloudy. The summer temperatures are in the mid-70's, with lows in the 60's. The winter temperatures are in the mid-60's, with lows in the high 40's.
Population, job market and cost of living
The population of Rancho Santa Margarita in 2023 is 47,979, with an annual growth rate of 0.02%.
The job growth has decreased by -9.6% over the last year and in ten years, is predicted to have increased by 31.43%. The major industries are in manufacturing, professional, scientific and technical services, as well as retail trade. The largest employers are G4S, Applied Medical Resources, Orchid MPS Holdings LLC, John's Incredible Pizza and Pieology Pizzeria.
The cost of living is high, due to the Santa Margarita real estate market and cost of available housing. With its scenic location, mild California climate, and many outdoor recreation venues, Rancho Santa Margarita will continue to attract young professionals and their families.
Rancho Santa Margarita real estate market details
- Dove Canyon
- Oak Knoll Village
- Las Flores
- Mount Washington
- Trabuco Highlands
The average monthly rent in Rancho Santa Margarita is $2,589 for an average apartment size of 828 sq. feet.
There has been a 1.0% increase in median home value over the last year. As of 2023, the median home value is $893,980.
On average, homes in Rancho Santa Margarita sell after 54 days on the market.
The most profitable month to sell a home in Rancho Santa Margarita is during May. The quickest month to sell is in April.
The affordability index in Rancho Santa Margarita is 156. This number indicates low affordability in this city.
The top ranked public schools are Peebles El School, Whitehall El School, Dorseyville Middle School, Fort Couch Middle School, Upper Saint Clair High School, and Fox Chapel Area High School. This information is based on data measuring academic performance and equity.