92691, Mission Viejo, CA

Mission Viejo is located in Orange County, California. The population of Mission Viejo was approximately 209,000 as of the 2010 census. The median home value in Mission Viejo was $853,200 as of January 1, 2014.

The average home price in Mission Viejo has increased by over 20% since 2007 and is now at its highest point since 2006. The increase in home prices can be attributed to a number of factors including an influx of new residents and an increase in demand for housing due to the booming economy. Additionally, the availability of affordable housing and low interest rates have contributed to the high prices seen in Mission Viejo.

Home equity is a key factor in determining how well someone is able to afford their mortgage and other expenses associated with owning a home. Home equity can also be used as a source of liquidity for people who want to buy or sell a house quickly. In general, homeownership is considered to be a key component of the American Dream because it provides people with stability and security during difficult times and allows them to build wealth over time.

Despite the increasing prices seen in Mission Viejo, there are still many opportunities available for buyers who are looking for affordable homes that are within reach of their budget. There are several neighborhoods within Mission Viejo that offer excellent value for your money, including Rancho Santa Margarita Estates, Rancho Santa Margarita Village, Casa de Campo Estates North & South, Casa de Campo Villages North & South (all located within 10 miles from downtown), Monarch Bay Club (within 15 miles from downtown), Emerald Hills (within 25 miles from downtown), and Saddleback Mountain Ranch (within 30 miles from downtown).