The story of this market
The typical home in ZIP 92656 sells for about $900,000, or $689 per square foot.
Prices are down 4.05% from a year ago, which gives buyers more room to negotiate. Homes take about 41.5 days to sell. HUD's fair market rent for a two-bedroom is $2,841 a month.
ZIP 92656
The Aliso Viejo housing market is currently characterized by low inventory and strong seller leverage, with homes selling quickly at near-asking prices. While year-over-year prices have seen a slight correction, the market remains resilient due to high demand and limited supply. The area continues to attract families and professionals, maintaining a stable outlook for the coming quarter.
This ZIP is ideal for families and professionals seeking a safe, suburban environment with high-quality schools and convenient access to Orange County business corridors.
Median prices moved down 4.0% year over year.
Homes spend a median of 42 days on market with 1.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100.77% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.3% · poverty 5.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92656, Orange County CA
Aliso Viejo consistently ranks as one of the safest cities in Orange County, with crime rates significantly lower than both state and national averages.
The area is served by the highly-rated Capistrano Unified School District, with most local schools maintaining strong academic performance ratings.
The region faces standard Southern California wildfire risks, with insurance availability and premiums increasingly influenced by state-wide climate-risk assessments.
The city maintains a stable economic base with a mix of corporate offices and retail, supported by ongoing infill development and proximity to major Orange County employment hubs.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents primarily commute via the I-5 and 73 Toll Road, providing access to major employment centers in Irvine and South Orange County.
The area features extensive community parks, the Aliso Viejo Country Club, and proximity to the Aliso and Wood Canyons Wilderness Park for hiking and mountain biking.
The rental market remains competitive with low vacancy rates, driven by high demand for suburban living and limited new apartment supply.
The local economy is anchored by professional services, healthcare, and retail, with significant employment spillover from the nearby Irvine business district.
The city is served by a network of arterial roads connecting to the I-5 freeway and the 73 Toll Road, with limited public transit options.
Development is focused on high-density residential infill and the modernization of existing commercial centers.
The Orange County Assessor manages property valuations, adhering to Proposition 13 guidelines for assessment caps.
Parcels are subject to various Mello-Roos community facilities districts and local school district assessments.
Property insurance premiums are rising due to regional wildfire risk, though the area is generally considered lower risk than canyon-adjacent zones.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Disneyland Park4.619.8 mi
- Disney California Adventure Park4.719.5 mi
- Great Wolf Lodge | Southern California4.417.9 mi
- Disneyland Resort4.719.9 mi
- Discovery Cube Orange County4.415.8 mi
- Angel Stadium4.618 mi
- Anaheim Convention Center4.519.2 mi
- Honda Center4.618.3 mi
- OC Fair & Event Center4.411.8 mi
- Segerstrom Center for the Arts4.812.1 mi
- Newport Beach Pier4.711.7 mi
- Great Park4.67 mi
- Tanaka Farms4.67 mi
- Crystal Cove State Park4.84.3 mi
- Mission San Juan Capistrano4.86.2 mi
- Discovery Cube Orange County4.415.8 mi
- Mission San Juan Capistrano4.86.2 mi
- UC Irvine Langson Orange County Museum of Art | Costa Mesa4.412 mi
- Bowers Museum4.715.4 mi
- Pretend City Children's Museum4.54.9 mi
- Great Park4.67 mi
- Crystal Cove State Park4.84.3 mi
- Top of the World4.81.9 mi
- Lake Forest Sports Park4.77.7 mi
- Heisler Park4.83.9 mi
- Newport Dunes Waterfront Resort & Marina4.49.7 mi
- Dana Point Harbor4.88 mi
- Balboa Bay Club4.711 mi
- Balboa Yacht Club4.89.1 mi
- Newport Harbor Yacht Club4.710.5 mi
- Pelican Hill Golf Club4.66.4 mi
- Strawberry Farms Golf Club4.56.5 mi
- The Ranch at Laguna Beach4.64.1 mi
- Tustin Ranch Golf Club4.112 mi
- Oak Creek Golf Club and Driving Range4.47.6 mi
- South Coast Plaza4.612.3 mi
- Fashion Island4.68.9 mi
- Irvine Spectrum Center4.65.5 mi
- Outlets at San Clemente4.410.9 mi
- Tanaka Farms4.67 mi
- John Wayne Airport4.610.7 mi
- Long Beach Airport4.629.5 mi
- Chino Airport4.728.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive trail network for hiking and mountain biking.
Private golf course and social club.
Primary retail and dining hub for the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.