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Darcy Miramontes Darcy Miramontes

Surging single-family home prices in Orange County aren’t slowing down—and they are likely to keep residents in the renter pool for years longer. According to a new report from JLL, the average home price in Orange County is $821,000, producing an average mortgage of $4,242 per month. Even worse, at current income rates, the average resident would need to save for 31 years to afford a down payment. As a result, multifamily vacancy hit 3.4% in Orange County last year, and rental rates increased 2.3%. In 2019, expect even stronger rent growth and more demand as home prices continue to rise.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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