Rancho Santa Margarita real estate market overview
- Average Monthly Rent: $2,024
- Home Price/Value Percentage Change: 1.00%
- Median Home Value: $655,827
- Best Time To Sell a Home: June
- Affordability Index: 87
- Days To Sell a House: 57
- Job Market: Weak
- Public School Ranking: 38
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 2019 was 48,325, with an annual growth rate of -.63 %.
The job growth has increased by .63% 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 PADI (The Professional Association of Diving Instructors), Applied Medical Resources and O'Connell Landscape.
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
- Robison Ranch
- Portola Hills
- Wagon Wheel