August 2017 Mission Viejo Rent Report
Welcome to the August 2017 Mission Viejo Rent Report. In this report, we'll evaluate trends in the Mission Viejo rental market, including comparisons to cities throughout the metro, state, and nation.
Mission Viejo rents increase sharply over the past month
Mission Viejo rents have increased 1.1% over the past month, and are up significantly by 4.1% in comparison to the same time last year. Currently, median rents in Mission Viejo stand at $2,060 for a one-bedroom apartment and $2,640 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in May. Mission Viejo's year-over-year rent growth lags the state average of 4.2%, but exceeds the national average of 2.9%.
Rents rising across the Los Angeles Metro
Throughout the past year, rent increases have been occurring not just in the city of Mission Viejo, but across the entire metro. Of the largest 10 cities that we have data for in the Los Angeles metro, all of them have seen prices rise, and this trend can be seen throughout other areas in the state, as well. California as a whole has logged a 4.2% year-over-year growth. Here's a look at how rents compare across some of the largest cities in the metro, as well as the rest of the state.
- Pomona has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,470; the city has also experienced the fastest rent growth in the metro, with a year-over-year increase of 10.0%.
- Over the past month, Huntington Beach has seen the biggest rent drop in the metro, with decline of 0.6%. Median two-bedrooms there cost $2,350, while one-bedrooms go for $1,830.
- Looking throughout the rest of the state, Fremont is the most expensive of all California's major cities outside the Los Angeles metro, with a median two-bedroom rent of $3,570; of the 10 largest cities in the state that we have data for, San Francisco, where a two-bedroom goes for $3,060, is the only major city to see rents fall year-over-year (-0.0%).
- Sacramento, Chula Vista, and Fresno have all experienced year-over-year growth above the state average (8.9%, 6.6%, and 6.1%, respectively).
Many large cities nationwide show more affordable rents compared to Mission Viejo
As rents have increased in Mission Viejo, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Mission Viejo is less affordable for renters.
- Mission Viejo's median two-bedroom rent of $2,640 is above the national average of $1,160. Nationwide, rents have grown by 2.9% over the past year.
- While Mission Viejo's rents rose over the past year, many cities nationwide saw decreases, including Houston (-2.6%), Miami (-0.8%), and DC (-0.4%).
- Renters will generally find more expensive prices in Mission Viejo than most large cities. Comparably, Houston has a median 2BR rent of $990, where Mission Viejo is more than two-and-a-half times that price.
For more information check out our
national report.
You can also access our full data for cities and counties across the U.S. at
this link.
| City |
Median 1BR price |
Median 2BR price |
M/M price change |
Y/Y price change |
| Los Angeles |
$1,340 |
$1,730 |
0.5% |
4.8% |
| Long Beach |
$1,340 |
$1,720 |
0.2% |
3.5% |
| Anaheim |
$1,590 |
$2,050 |
-0.1% |
4.9% |
| Santa Ana |
$1,420 |
$1,830 |
-0.2% |
6.2% |
| Irvine |
$2,050 |
$2,630 |
0.7% |
4.0% |
| Glendale |
$1,370 |
$1,760 |
0.1% |
1.8% |
| Huntington Beach |
$1,830 |
$2,350 |
-0.6% |
2.1% |
| Santa Clarita |
$1,920 |
$2,470 |
0.2% |
5.9% |
| Pomona |
$1,150 |
$1,470 |
0.5% |
10.0% |
| Pasadena |
$1,590 |
$2,040 |
0.2% |
0.3% |
| Orange |
$1,750 |
$2,250 |
0.0% |
5.2% |
| Fullerton |
$1,510 |
$1,940 |
-0.3% |
3.5% |
| Costa Mesa |
$1,800 |
$2,310 |
0.2% |
2.6% |
| West Covina |
$1,680 |
$2,160 |
0.0% |
8.4% |
| Burbank |
$1,540 |
$1,970 |
0.1% |
6.0% |
| Mission Viejo |
$2,060 |
$2,640 |
1.1% |
4.1% |
| Santa Monica |
$1,680 |
$2,160 |
1.7% |
4.7% |
| Newport Beach |
$2,750 |
$3,530 |
-0.2% |
4.3% |
| Lake Forest |
$1,830 |
$2,350 |
-0.0% |
3.9% |
| Tustin |
$1,910 |
$2,450 |
1.4% |
5.8% |
| San Clemente |
$2,280 |
$2,930 |
-0.9% |
6.4% |
| Laguna Niguel |
$1,800 |
$2,310 |
0.1% |
2.3% |
| Rancho Santa Margarita |
$1,980 |
$2,540 |
0.9% |
8.7% |
| West Hollywood |
$1,860 |
$2,390 |
-4.3% |
-3.9% |
| Dana Point |
$2,020 |
$2,600 |
1.5% |
4.3% |
| Laguna Beach |
$2,100 |
$2,700 |
1.0% |
1.7% |
| Marina del Rey |
$3,490 |
$4,490 |
-0.5% |
2.6% |
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Methodology - Recent Updates:
Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.
Read more about our new methodology below, or see a more detailed post here.
Methodology:
Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.
Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.
Read more about our methodology here.
About Rent Reports:
Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.
We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.
