Garden Grove, CA
Orange County · Pop. 172,800
Ranked #228 of 243 cities
16Crisis
Median Home Price
🏠$820K
4.0% YoY
Median Rent
🔑$2,200
3.5% YoY
Median Income
💰$72K
Rent Burden
📊36.5%
% of income to rent
Income to Buy
🏦$236K
annual income needed
Income to Rent
📝$88K
annual income needed
Price-to-Income
⚖️11.4x
Homeownership
🏡52.0%
Rent vs. Buy
Buy
$4,364/mo
Est. mortgage (7%, 20% down)
Need $236K/yr income
Rent
$2,200/mo
Median rent
Need $88K/yr income
How Garden Grove Compares
| Metric | Garden Grove | California | National |
|---|---|---|---|
| Home Price | $820K | $726K | $410K |
| Rent | $2,200 | $1,992 | $1,500 |
| Income | $72K | $96K | $75K |
| Rent Burden | 36.5% | 40.5% | 30.0% |
Key Takeaways
- • Home prices in Garden Grove are 100% higher than the national average.
- • Rent is 47% higher than the national average.
- • You need an income of $236K to comfortably buy a home here.
- • The homeownership rate is 52.0%, compared to 65.0% nationally.