Much like nearby areas, it is substantially more expensive compared to the United States as a whole. It is a little more expensive even compared to the city of Los Angeles.
Home prices
The median home cost in Mission Viejo is $693,000. In comparison to its nearby areas this is about $23,100 (3%) higher.Compared to the nation as a whole it is roughly $475,500 (218%) higher, and in comparison to the city of Los Angeles it is about $56,100 (8%) higher.
Rents
Mission Viejo's median rent is $2,267 a month. It is is very similar in comparison to nearby areas.Compared to the country as a whole it is roughly $1,205 (113%) higher, and it is roughly $817 (56%) higher compared to the city of Los Angeles.
Nearby places
Laguna Hills
Laguna Hills is Mission Viejo's neighbor to the southwest. The housing prices there are similar. The median home value in Laguna Hills is $707,700, which is $14,700 (2%) higher than Mission Viejo. The rent there is a bit less expensive. Laguna Hills's median rent is $2,111 a month, which is $156 (7%) lower than Mission Viejo.
Rancho Santa Margarita
Rancho Santa Margarita is Mission Viejo's neighbor to the northeast. Real estate prices there are similar. The price of the median home in Rancho Santa Margarita is $662,200, which is $30,800 (4%) lower than Mission Viejo. The rent there is somewhat less expensive. In Rancho Santa Margarita the median rent is $2,084 a month, which is $183 (8%) lower than Mission Viejo.
Lake Forest
Lake Forest is Mission Viejo's neighbor to the north. Its housing prices are a little less expensive. The median home in Lake Forest costs $647,500, which works out to $45,500 (7%) lower than Mission Viejo. The rent there is somewhat less expensive. The median monthly rent in Lake Forest is $2,025, which is $242 (11%) lower than Mission Viejo.
Coto de Caza
Coto de Caza is approximately 3 miles east from Mission Viejo. Its real estate prices are substantially more expensive. The median home in Coto de Caza is valued at $1,043,700, which comes out to $350,700 (33%) higher than Mission Viejo. The rent there is somewhat more expensive. In Coto de Caza the median rent is $3,253 a month, which comes out to $986 (30%) higher than Mission Viejo.
Laguna Woods
Laguna Woods is about 3 miles west of Mission Viejo. Real estate prices there are significantly less expensive. The median home in Laguna Woods is valued at $288,400, which is $404,600 (140%) lower than Mission Viejo. Its rents are a little less expensive. Laguna Woods's median monthly rent is $1,755, which is $512 (29%) lower than Mission Viejo.
