The story of this market
The typical home in ZIP 92673 sells for about $2,200,000, or $1,069 per square foot.
Prices are down 2.25% from a year ago, which gives buyers more room to negotiate. Homes take about 55 days to sell. HUD's fair market rent for a two-bedroom is $3,392 a month.
ZIP 92673
The 92673 housing market remains a high-end seller's market characterized by a median listing price of $2.2 million and a 100% sale-to-list ratio. While year-over-year prices have seen a slight correction of 2.25%, demand remains steady for luxury properties in master-planned communities like Talega. The market is currently defined by low inventory and a strong emphasis on premium, move-in-ready residential assets.
This ZIP is ideal for affluent families and established professionals seeking master-planned community amenities, high-quality schools, and a suburban coastal lifestyle.
Median prices moved down 2.3% year over year.
Homes spend a median of 55 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 3.8% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92673, Orange County CA
The area is served by the Capistrano Unified School District, which is generally regarded for high-performing schools in the Talega and Forster Ranch communities.
The region faces standard coastal California wildfire and seismic risks, with insurance availability and premiums increasingly impacted by state-wide climate-risk adjustments.
Development is largely built-out with a focus on luxury residential infill and master-planned community maintenance in areas like Talega.
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 corridor toward employment hubs in Irvine and South Orange County, with limited rail access via the Metrolink San Clemente station.
The area features extensive access to the Talega Golf Club, numerous community parks, hiking trails in the surrounding hills, and proximity to San Clemente's coastal beaches.
The rental market is characterized by high demand for luxury single-family homes and master-planned community townhomes, with limited inventory and high price points.
The local economy is driven by professional services, tourism, and proximity to the major corporate and tech employment hubs of Irvine and the broader Orange County metro area.
The area is heavily reliant on the I-5 freeway for regional connectivity, with limited public transit options beyond local bus services and the Metrolink commuter rail.
Development is primarily focused on residential infill and the ongoing management of established master-planned communities.
The Orange County Assessor manages property valuations, with assessments typically triggered by ownership changes under Proposition 13.
Parcels are subject to various Mello-Roos community facilities districts and special assessments common in master-planned developments like Talega.
Property insurance markets in this coastal area are experiencing upward pressure on premiums due to wildfire risk and broader California market volatility.
Data sourced from Census Bureau and incomebyzipcode.com
- Wild Rivers Waterpark4.115.1 mi
- Pretend City Children's Museum4.513.6 mi
- Boomers Irvine4.218.4 mi
- Dave & Buster's Irvine4.214.3 mi
- Sky Zone Trampoline Park4.39.2 mi
- Tanaka Farms4.616.3 mi
- Roger's Gardens4.616.9 mi
- Bren Events Center4.517.7 mi
- Pretend City Children's Museum4.513.6 mi
- Hangar 24 Orange County4.219.6 mi
- Mission San Juan Capistrano4.83 mi
- Crystal Cove State Park4.812.7 mi
- Top of the World4.89.8 mi
- Laguna Beach, California4.810.2 mi
- Heisler Park4.810.6 mi
- Mission San Juan Capistrano4.83 mi
- Pretend City Children's Museum4.513.6 mi
- Sawdust Art Festival4.610.3 mi
- Sherman Library & Gardens4.816.8 mi
- Ocean Institute4.74.3 mi
- Crystal Cove State Park4.812.7 mi
- Top of the World4.89.8 mi
- Heisler Park4.810.6 mi
- Doheny State Beach4.63.1 mi
- O'Neill Regional Park4.613 mi
- Newport Dunes Waterfront Resort & Marina4.418.2 mi
- Dana Point Harbor4.84 mi
- Balboa Bay Club4.719.3 mi
- Balboa Yacht Club4.817.4 mi
- Newport Harbor Yacht Club4.718.7 mi
- The Ranch at Laguna Beach4.67.5 mi
- Tijeras Creek Golf Club4.49.8 mi
- Monarch Beach Golf Links4.75.2 mi
- Lake Forest Golf and Practice Center411.4 mi
- Coto de Caza Golf & Racquet Club4.69.4 mi
- Outlets at San Clemente4.41.8 mi
- Mission Ranch Market4.411.4 mi
- The Shops at Mission Viejo4.56.7 mi
- T.J. Maxx & HomeGoods4.29.2 mi
- Ross Dress for Less411.1 mi
- John Wayne Airport4.619.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A premier 18-hole championship golf course serving the Talega community.
A scenic multi-use trail providing access to the city's beaches and coastline.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.