During this past month of September, the median rental price for a single family home in Buena Park was $2,695 and median sale price for a single family home in the city was $585,500. There were approximately 135 homes listed for sale in the city at the end of September, compared with 135 in August. During the last month, homes sold within 48 days on the market and received 1 offers per sale on average.
City Housing Supply:
As of the end of 2017, the total count of existing housing units in the city was 25,051. Single family housing units make up the majority 65.69% of Buena Park's housing units, 16,455 units total. Multifamily units make up 32 percent, or approximately 8,244. As of last year, the average housing density (people per household) was 3.45, compared with the state average of 2.97. At the end of the period, about 905 of housing units in the city were unoccupied, suggesting a vacancy rate of 0 percent.
Regulations & Outlook:
The City has finalized updates to it's residential zoning code that fully comply with State Laws SB 1069 and AB 2299 which allow for Accessory Dwelling Units (ADUs) to be developed on most single family lots. More commonly referred to as “Granny Flats” and “In-Law Units”, in Buena Park as many as 9,708 homes may now be eligible to add some form of second dwelling unit. These laws are intended by The State to boost opportunities for housing production in cities in an effort to address the growing housing deficits local communities face accross The State. Typically secondary units are constructed by homeowners in backyards, converted garages and basements of single family residences. These new regulations could now allow individual homeowners to play a significant role to increase housing production in Buena Park over the coming years. Consider for example, if just one percent of eligible homeowners in Buena Park built an ADU each year, it would contribute an additional 485 units to the city's housing stock over the next five years and create hundreds of new local construction jobs.
Local News & Policy:
The city's latest residential zoning requirements for ADUs can be found on the Buena Park City Page using the link or search bar at the bottom of this report. Recently More information on the latest local policies and requirements for ADUs will be available as they are passed. Check back each month for the latest changes in Buena Park.
For homeowners and local developers who are interested in getting involved in the ADU movement locally in Buena Park, use Housable to get insights about the ADU housing development potential of specific properties. Housable provides zoning, permitting, estimation and design tools, many of them free of charge, to help homeowners at any step plan, permit and build their ADU projects. Use property design and calculation tools any time, get low cost insights about the ADU potetnial of your property and connect with local professionals who can help with the process when you're ready to get started. Stay up to date with the latest local trends in housing production and join the ADU movement to create more housing in Buena Park, one garage, basement, or backyard at a time.
Two projects in the City ' 11-unit Newport House and 100-unit Casa Santa Maria ' are considered at risk of converting to market-rate housing during the planning period of this at-risk analysis (October 15, 2013 through October 15, 2023). Both projects are Section 202 housing for seniors with expiring project-based Section 8 contracts. Combined 108 assisted units provide affordable housing to very low income senior households. However, these projects are considered at low risk of conversion for a number of reasons:
Two projects in the City ' 10-unit Newport House and 100-unit Casa Santa Maria ' are considered at risk of converting to market-rate housing during the ten-year planning period of this at-risk analysis (October 15, 2013, and October 15, 2023). Both projects are Section 202 housing for seniors with expiring project-based Section 8 contracts. Combined 110 assisted units provide affordable housing to very low income households. The City will monitor all units considered at risk of conversion to market rate and assist property owners in maintaining the affordability of these units.
Median Sales Price $585,500.00
Median Rental Price $2,694.00 Based on 840 sqft unit
Total Homes on Market 135
Average Days on Market 48
Average Offers per Sale 1
Total Housing Units 25051
Single-Family Units 16455
Other Type Units 353
Unit Vacancy Rate 0.0361
Annual Units Produced (2017) 57
Go to Buena Park ADU Zoning Page
City Population 80,530
City Area 10.52 sq. mi.
We have our final inspection TODAY and do expect it will go well. We’ve been lucky to have a nice inspector. I’ll send you more pics this weekend!
Fiona K. in Bell Canyon, CA
The plans were approved and I received the permit today. Thank you for all your help with the process!
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Monica H. in Oakland, CA
State of CA Wieckowski, Herrera: Secondary units can help housing crisis www.mercurynews.com 14/11/2016
State of CA California's Housing Future: Challenges and Opportunities - Public ... www.hcd.ca.gov 01/01/2017
State of CA ADUs Done Right « Council of Community Housing Organizations www.sfchronicle.com 03/12/2016
State of CA HCD Mobile home parks - California Department of Housing and ... www.hcd.ca.gov 01/01/2016
State of CA [CA] Governor Brown Issues Legislative Update http://imperialvalleynews.com/ 08/10/2017
Go to Buena Park ADU Zoning Page
... Or find another city in CA