Laguna Niguel , CA

Monthly Housing Development Update | October 2021

General statistics, market trends and outlook for housing development in Laguna Niguel, CA

City Housing Update for October 2021

Current Trends:

During this past month of September, the median rental price for a single family home in Laguna Niguel was $3,681 and median sale price for a single family home in the city was $822,200. There were approximately 233 homes listed for sale in the city at the end of September, compared with 233 in August. During the last month, homes sold within 26 days on the market and received 2 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 25,888. Single family housing units make up the vast majority 75.85% of Laguna Niguel's housing units, 19,635 units total. Multifamily units make up 23 percent, or approximately 6,205. As of last year, the average housing density (people per household) was 2.65, compared with the state average of 2.97. At the end of the period, about 1,310 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 Laguna Niguel as many as 11,584 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 Laguna Niguel over the coming years. Consider for example, if just one percent of eligible homeowners in Laguna Niguel built an ADU each year, it would contribute an additional 579 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 Laguna Niguel 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 Laguna Niguel.

Get Involved:

For homeowners and local developers who are interested in getting involved in the ADU movement locally in Laguna Niguel, 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 Laguna Niguel, one garage, basement, or backyard at a time.

Exerpts From City Housing Reports

This table shows that only about 23 percent of housing units in Laguna Niguel were constructed prior to 1980. The fact that the vast majority of the city's housing stock is less than 30 years old suggests that there is less need for rehabilitation than in most jurisdictions in Southern California.

Current Market Stats October 2021

Median Sales Price $822,200.00

Median Rental Price $3,680.00 Based on 840 sqft unit

Total Homes on Market 233

Average Days on Market 26

Average Offers per Sale 2

City Housing Stock 2017

Total Housing Units 25888

Single-Family Units 19635

Other Type Units 48

Unit Vacancy Rate 0.0506

Annual Units Produced (2017) 4

Go to Laguna Niguel ADU Zoning Page

General City Info Laguna Niguel, CA

City Population 62,979

City Area 14.83 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!

Jannie B. in Los Angeles, CA

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Monica H. in Oakland, CA

City & State Housing News

State of CA Assemblymember Richard Bloom Talks on CA Housing Legislative Package 23/10/2017

State of CA This Thanksgiving, Talk To Your Family About Zoning 21/11/2018

Go to Laguna Niguel ADU Zoning Page

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