The story of this market
The typical home in ZIP 92688 sells for about $923,000, or $636 per square foot.
Prices are up +15% from a year ago, so sellers still have some momentum. Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $2,651 a month.
ZIP 92688
The 92688 housing market is highly competitive, characterized by low inventory and rising prices. Strong demand from professionals and families continues to drive market activity despite limited supply.
This ZIP is well-suited for family buyers and professionals who value a suburban environment with access to quality schools and a strong local employment base.
Median prices moved up 15.0% year over year.
Homes spend a median of 47 days on market with 1.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 6.2% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92688, Orange County CA
The area is characterized by a well-regarded public school district that serves as a primary draw for families.
The area features a strong concentration of professionals in computer and mathematical occupations, contributing to a stable economic base.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents experience an average commute time of approximately 26 minutes.
The area offers access to local parks and community amenities typical of a master-planned suburban environment.
The rental market is supported by a mix of apartments and townhomes, with demand driven by the area's suburban appeal.
The local economy is anchored by a high concentration of technology and professional service roles.
Data aggregated from Census and ACS sources.
- Discovery Cube Orange County4.417.5 mi
- Irvine Park Railroad4.713.8 mi
- Wild Rivers Waterpark4.17.4 mi
- Boomers Irvine4.213.2 mi
- Pretend City Children's Museum4.57.5 mi
- Angel Stadium4.619.4 mi
- Honda Center4.619.4 mi
- OC Fair & Event Center4.417 mi
- Segerstrom Center for the Arts4.816.2 mi
- Tanaka Farms4.611.1 mi
- Great Park4.68.1 mi
- Tanaka Farms4.611.1 mi
- Crystal Cove State Park4.812 mi
- Mission San Juan Capistrano4.89.9 mi
- Regal Irvine Spectrum4.47.9 mi
- Discovery Cube Orange County4.417.5 mi
- Mission San Juan Capistrano4.89.9 mi
- UC Irvine Langson Orange County Museum of Art | Costa Mesa4.416.2 mi
- Pretend City Children's Museum4.57.5 mi
- Bowers Museum4.717.3 mi
- Great Park4.68.1 mi
- Crystal Cove State Park4.812 mi
- Top of the World4.810.4 mi
- Lake Forest Sports Park4.73.3 mi
- Black Star Canyon Falls Trailhead4.79.6 mi
- Newport Dunes Waterfront Resort & Marina4.416.4 mi
- Dana Point Harbor4.813.5 mi
- Balboa Bay Club4.717.7 mi
- Balboa Yacht Club4.816 mi
- Newport Harbor Yacht Club4.717.5 mi
- Strawberry Farms Golf Club4.510.8 mi
- Eagle Glen Golf Club4.312.4 mi
- The Ranch at Laguna Beach4.611.7 mi
- Tustin Ranch Golf Club4.112.3 mi
- Oak Creek Golf Club and Driving Range4.49.7 mi
- Irvine Spectrum Center4.67.8 mi
- Tanaka Farms4.611.1 mi
- Mission Ranch Market4.44.1 mi
- The Shops at Mission Viejo4.56.5 mi
- The Market Place4.512.1 mi
- John Wayne Airport4.615.2 mi
- Ontario International Airport4.528.9 mi
- Chino Airport4.723.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A central community feature providing recreational space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.