Quick facts: Orange, CA

Quick Facts

127.6
Cost of Living
above US average
136,178
Population
17.41
Crime Rate per 1000
below US average
$109,335
Median Income
above US average
$1,105,000
Median House Price
above US average
$2796
Average Rent
above US average
9%
Poverty Rate
below US average
4.1%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $109,335.

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Income Needed to Buy

βœ— Stretch
$347k/year
Based on $1,105,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $347k vs median $109,335
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Income Needed to Rent

⚠ Stretch
$120k/year
Based on $2796/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $120k vs median $109,335
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Orange, CA

Orange, California, located in Orange County, is a vibrant city known for its rich history and charming Old Town district. Founded in 1886, it features beautifully preserved buildings and streets lined with unique shops, restaurants, and antique stores, giving visitors a taste of its historical roots. The city is home to several parks and recreational areas, including the expansive Orange County Zoo and Irvine Regional Park, ideal for outdoor activities like hiking and picnicking. Orange is also famous for its annual events, such as the Orange International Street Fair, which celebrates the city's diverse culture. Educationally, the city houses top-rated schools and institutions, contributing to its family-friendly atmosphere. Additionally, residents enjoy a strong sense of community and convenient access to nearby attractions like Disneyland Resort, just a short drive away. With its blend of historical charm and modern amenities, Orange offers a unique lifestyle and a welcoming environment for both residents and visitors. Whether exploring its rich heritage or enjoying its community events, there's always something to discover in Orange, CA.

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