Mission Viejo , CA

Monthly Housing Development Update | October 2021

General statistics, market trends and outlook for housing development in Mission Viejo, 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 Mission Viejo was $3,230 and median sale price for a single family home in the city was $733,300. There were approximately 335 homes listed for sale in the city at the end of September, compared with 335 in August. During the last month, homes sold within 30 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 34,915. Single family housing units make up the vast majority 83.1% of Mission Viejo's housing units, 29,014 units total. Multifamily units make up 16 percent, or approximately 5,850. As of last year, the average housing density (people per household) was 2.85, compared with the state average of 2.97. At the end of the period, about 1,553 of housing units in the city were unoccupied, suggesting a vacancy rate of 0 percent.

Regulations & Outlook:

The City has not yet 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 Mission Viejo as many as 17,118 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 Mission Viejo over the coming years. Consider for example, if just one percent of eligible homeowners in Mission Viejo built an ADU each year, it would contribute an additional 855 units to the city's housing stock over the next five years and create hundreds of new local construction jobs.

Local News & Policy:

At this time, statewide standards will superseed any local residential zoning requirements for ADUs that are non-compliant with the state's minimum set of requirements. The current development standards for ADUs in Mission Viejo, or any other CA city, can be found at the city zoning page link and search below. 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 Mission Viejo.

Get Involved:

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

Exerpts From City Housing Reports

2. Second Residential Units The Zoning Code allows second units in single-family residential districts, pursuant to state law. Three second unit permits were issued during 2006-2011, or an average of about 0.5 units per year. It is anticipated that second unit development will continue at a similar pace during the 2014-2021 projection period, which would result in four additional units. Because second units have a maximum size of 640 square feet, these units are expected to rent in the very-low-income range based on affordability categories (see Chapter 2, Table H-16). However, most of them are expected to be occupied by family members such as elderly parents or grandparents with no cash rent paid.

Current Market Stats October 2021

Median Sales Price $733,300.00

Median Rental Price $3,230.00 Based on 840 sqft unit

Total Homes on Market 335

Average Days on Market 30

Average Offers per Sale 2

City Housing Stock 2017

Total Housing Units 34915

Single-Family Units 29014

Other Type Units 51

Unit Vacancy Rate 0.0445

Annual Units Produced (2017) 34

Go to Mission Viejo ADU Zoning Page

General City Info Mission Viejo, CA

City Population 93,305

City Area 17.74 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

My experience with Housable was exceptional. The team was extremely helpful and responsive. I am very satisfied and happy to have used these services. As a homeowner I do not know the construction lingo or process but the Housable team very kind and helpful and patient with me. My expectations were exceeded. Thank you for everything.

Monica H. in Oakland, CA

City & State Housing News

State of CA What are Accessory Dwelling Units? California Department of Housing and Community Development 15/05/2017

State of CA Assemblymember Richard Bloom Talks on CA Housing Legislative Package https://cal.streetsblog.org/ 23/10/2017

Go to Mission Viejo ADU Zoning Page

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