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Anaheim real estate market overview
- Average Monthly Rent: $2,307
- Home Price/Value Percentage Change: 1.80%
- Median Home Value: $803,224
- Best Time To Sell a Home: September
- Affordability Index: Low
- Days To Sell a House: 69
- Job Market: Weak
- Public School Ranking: 40
Location and weather
Anaheim is 25 miles southeast of Los Angeles and lies on the plain of the Santa Ana River. It was originally an agricultural area, first as vineyards and then as citrus. In 1955 Disneyland opened and tourism made way for a growth of jobs. Because it's so close to Los Angeles, as LA grew, Anaheim naturally grew with it as part of the metropolitan area.
Anaheim has typical southern California weather. From July through September it is warm with an average high temperature above 82 degrees and lows in the mid 60's. The cool season lasts almost 4 months with an average high temperature below 70 degrees and lows in the mid 40's.
Population, job market and cost of living
Anaheim has continued to grow as Los Angeles expands. The population is 349,992 early in 2023 with an annual decrease of 0.30%.
The job market has decreased -9.6% over last year. 10-year future job growth is predicted to be 32.49%. The largest industries in Anaheim are Manufacturing, Health Care & Social Assistance and Accommodations & Food Services. Some of the companies to work for are: PacSun, Firmenich, Northgate Gonzalez Markets, RSI Home Products Manufacturing Inc and Neon energy USA. With major attractions like Disneyland and the Anaheim Convention Center and sports teams the Anaheim Ducks ice hockey and Los Angeles Angels baseball team there is a lot to do in the city.
The cost of living is high like it is in much of California. The Anaheim real estate market is the reason for the higher cost of living. Major attractions like Disneyland, a temperate climate, proximity to Los Angeles and large employers make Anaheim an attractive place to live and work.
Anaheim real estate market details
- The Summit
- Anaheim Resort
- Southwest Anaheim
- Downtown Anaheim
- Platinum Triangle
The average monthly rent is $2,307 for an average apartment size of 847 sq. feet.
There has been a 1.18% increase in median home value over the last year. As of 2023, the median home value is $803,224.
On average, homes in Anaheim sell after 69 days on the market.
The most lucrative time to sell a home in Anaheim is during September, while the fastest sales are during the month of May.
The affordability index in Anaheim is 154. This number indicates low affordability in this city.
The top ranked public schools are El Rancho Charter, Canyon High School, Canyon Hills, Running Springs Elementary School, Cambridge Virtual Academy, Savanna High School and Western High School. This information is dependent on the school's combined maths and reading proficiency data in testing.