Orange County has long attracted home buyers. The area has so much to offer including excellent quality of life and outstanding local amenities. It is no wonder that so many people want to live here! However, with that in mind, you also have to consider how affordable (or not) it is to live in this area. One thing is for sure. It is likely that you will spend more to buy a home in Orange County. That being said, most people who do so find that the area is well worth investing in for many reasons.Orange County Condominium | Image Provided by CRMLSOrange County Homes And PricingIn 2016, there was a significant rebound for the housing market in Orange County. Home values are growing again, rebounding from the Great Recession era and real estate market crash. Yet, with prices increasing once again, it is becoming increasingly difficult to find a home that meets your needs and fits your budget in this area. That is at least the outward appearance.It's clear that home prices are high in the area. In fact, the median price home in the area is about $745,000. Yet, what do you get for that? Of course, you get a fantastic location, but you also get an outstanding opportunity to see your home's value grow. For those who are looking to find a home in the area, it is important to also consider the higher rate of pay in the area. You'll also find that interest rates on loans are affordable. These factors contribute to a much more manageable financial situation than what appears on the surface.If you have thought about buying a home in Orange County, but believed that it was simply too expensive to do so, take a closer look now. You will find some communities are comparatively affordable. In fact, check out this list of Orange County homes under $500,000. You will also find opportunities to get into low-interest loans and, of course, the value of living here has never been better. Contact us today to discuss what you are looking for in an Orange County home, and how we can assist with financing to minimize payments.
