Tustin , CA

Monthly Housing Development Update | October 2022

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

City Housing Update for October 2022

Current Trends:

During this past month of September, the median rental price for a single family home in Tustin was $3,443 and median sale price for a single family home in the city was $717,100. There were approximately 178 homes listed for sale in the city at the end of September, compared with 173 in August. During the last month, homes sold within 45 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 28,118. Single family housing units make up about 47.73% of Tustin's housing units, 13,420 units total. Multifamily units make up 49 percent, or approximately 13,789. As of last year, the average housing density (people per household) was 3.05, compared with the state average of 2.97. At the end of the period, about 1,263 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 Tustin as many as 7,917 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 Tustin over the coming years. Consider for example, if just one percent of eligible homeowners in Tustin built an ADU each year, it would contribute an additional 395 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 Tustin 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 Tustin.

Get Involved:

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

Exerpts From City Housing Reports

As demonstrated in Table H-13A, there are a total of 205.3 acres of land (177.1 acres from MCAS Tustin, 15.35 acres vacant land, and 12.85 acres underutilized land) with residential development potential. These sites could potentially be developed with approximately 2,882 units. This demonstrates that the City has sufficient amount of land available to accommodate the residential developments to meet the remaining RHNA construction needs through the 2021 period.

Current Market Stats October 2022

Median Sales Price $717,100.00

Median Rental Price $3,442.00 Based on 840 sqft unit

Total Homes on Market 178

Average Days on Market 45

Average Offers per Sale 1

City Housing Stock 2017

Total Housing Units 28118

Single-Family Units 13420

Other Type Units 909

Unit Vacancy Rate 0.0449

Annual Units Produced (2017) 43

Go to Tustin ADU Zoning Page

General City Info Tustin, CA

City Population 70,869

City Area 11.08 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

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 California State Senator Introduces New Accessory Dwelling Unit Bill http://goldrushcam.com/ 10/01/2018

Go to Tustin ADU Zoning Page

... Or find another city in CA