There are currently 12,798 real estate properties in Rancho Santa Margarita, CA, with a median automated valuation model (AVM) price of $932,250.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rancho Santa Margarita, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Rancho Santa Margarita, CA, is $959,705.00, with the most expensive house in Rancho Santa Margarita, CA, topping out at $3,999,900.00 and the cheapest home in Rancho Santa Margarita, CA, clocking in at $238,925.00. In other words, there’s something for every potential homebuyer or savvy investor in Rancho Santa Margarita, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rancho Santa Margarita, CA, is on a rollercoaster ride. The average rent price in Rancho Santa Margarita, CA, is $2,744.00. Indeed, when looking to rent in Rancho Santa Margarita, CA, you can expect to pay as little as $1,360.00 or as much as $5,500.00, with the average rent median estimated to be $2,700.00. The good news is that finding an affordable and desirable property to rent in Rancho Santa Margarita, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Rancho Santa Margarita is located in Orange, California, with an estimated municipal population of 47,896 residents. All of the best foreclosed homes for sale in Rancho Santa Margarita are located in the following zip code areas on Foreclosure.com: 92679 92688. The estimated population per square kilometer (.62 miles) in Rancho Santa Margarita is 1,434.
So, about how much do homes cost in Rancho Santa Margarita? The most recent median value of resident-owned homes in Rancho Santa Margarita is 662,436. An estimated 70.8 percent of households in Rancho Santa Margarita own their homes, with an average family size of 3.26. The median household income in Rancho Santa Margarita is 121,017, with60.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Rancho Santa Margarita, the median commute time of resident workers (in minutes) is 29.5. And last, but certainly not least, are you looking for homes to rent in Rancho Santa Margarita? If so, the average rent price paid by renters in Rancho Santa Margarita is 2,084, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Rancho Santa Margarita, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Rancho Santa Margarita is 38.5, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Rancho Santa Margarita is 58.4, with an average family size of 3.26.
The percentage of residents who report their race in Rancho Santa Margarita is as follows:
| White | 76.9% |
| Black / African American | 3.2% |
| Asian | 11% |
| American Indian / Alaskan Native | 0.5% |
| Native Hawaiian / Other Pacifc Islander | 0.1% |
| Multi-racial | 6% |
| Other | 2.4% |
Looking for family-friendly neighborhoods in and/or near Rancho Santa Margarita? Or maybe you are searching for 55+ active adult communities in and/or near Rancho Santa Margarita?
The percentage of residents who report their age in Rancho Santa Margarita is as follows:
| Under 10 | 12.8% |
| Aged 10-19 | 14.9% |
| 20s | 11% |
| 30s | 14% |
| 40s | 14.5% |
| 50s | 17.5% |
| 60s | 9.6% |
| 70s | 3.5% |
| 80+ | 2.1% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Rancho Santa Margarita with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Rancho Santa Margarita.
How do you know that living in -- or moving to -- Rancho Santa Margarita is right where you need to be? Perhaps you grew up in Rancho Santa Margarita or already live nearby; therefore, the decision to buy a home in Rancho Santa Margarita is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Rancho Santa Margarita for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Rancho Santa Margarita:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Rancho Santa Margarita.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Rancho Santa Margarita can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Rancho Santa Margarita, meanwhile, can field multiple offers from more qualified buyers.
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