During this past month of September, the median rental price for a single family home in Dana Point was $4,437 and median sale price for a single family home in the city was $940,900. There were approximately 233 homes listed for sale in the city at the end of September, compared with 246 in August. During the last month, homes sold within 91 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 16,081. Single family housing units make up the majority 67.14% of Dana Point's housing units, 10,796 units total. Multifamily units make up 31 percent, or approximately 5,037. As of last year, the average housing density (people per household) was 2.39, compared with the state average of 2.97. At the end of the period, about 1,923 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 Dana Point as many as 6,369 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 Dana Point over the coming years. Consider for example, if just one percent of eligible homeowners in Dana Point built an ADU each year, it would contribute an additional 318 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 Dana Point 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 Dana Point.
For homeowners and local developers who are interested in getting involved in the ADU movement locally in Dana Point, 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 Dana Point, one garage, basement, or backyard at a time.
In 2010 14,708 households (occupied residences) resided in Dana Point, with approximately 64% (9,402) owner occupied and the remaining 37% (5,419) renter occupied. The City added 1,263 housing units between 1990 and 2010, growing to an estimated 15,924 units in 2010. Housing units have increased slowly, averaging only 24 units per year since 2000. Household size in 2000 was 2.4 persons; with the decrease in population it fell to 2.3 in 2010.
Source: 2000 and 2010 Census. Note: Occupied housing units are referred to as households. The total number of households is not representative of the total number of housing units.
The future housing need for extremely low income households can be estimated (per state law) at one-half of the City's very low income housing allocation. The City's very low income housing allocation for the 2014'2021 planning period is 76 units (see Table HI-1). Accordingly, the City's projected need for extremely low income households is approximately 38 units.
The City's vacant land could provide approximately 247 units of new housing, of which 157 units could be made affordable to lower income households. Even greater development potential could be achieved in the event of a density bonus.
Median Sales Price $940,900.00
Median Rental Price $4,437.00 Based on 840 sqft unit
Total Homes on Market 233
Average Days on Market 91
Average Offers per Sale 1
Total Housing Units 16081
Single-Family Units 10796
Other Type Units 248
Unit Vacancy Rate 0.1196
Annual Units Produced (2017) 28
Go to Dana Point ADU Zoning Page
City Population 33,351
City Area 6.5 sq. mi.
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State of CA Wieckowski, Herrera: Secondary units can help housing crisis www.mercurynews.com 14/11/2016
State of CA State Senator Bob Wieckowski In Conversation With Somanjana Chatterjee India Currents 02/09/2017
State of CA Mother-in-law units, the Swiss Army knife of housing policy - San ... www.sfchronicle.com 20/03/2015
State of CA [CA] Governor Brown Issues Legislative Update http://imperialvalleynews.com/ 08/10/2017
State of CA More Cities Say Yes to Granny Apartments, ADUs https://efficientgov.com/ 07/11/2017
Go to Dana Point ADU Zoning Page
... Or find another city in CA