The story of this market
The typical home in ZIP 92840 sells for about $1,000,000, or $545 per square foot.
Prices are up +10% from a year ago, so sellers still have some momentum. Homes take about 54 days to sell. HUD's fair market rent for a two-bedroom is $2,850 a month.
ZIP 92840
The 92840 housing market remains highly competitive with low inventory and steady demand, resulting in a median price of $1.0M. While year-over-year price growth has moderated to 10%, the market continues to see strong interest from buyers looking for proximity to the Anaheim resort area. Rental demand remains robust, keeping vacancy rates low despite high cost-of-living pressures.
This ZIP is ideal for families and commuters seeking a central location in Orange County with access to major employment hubs. It also attracts investors looking for stable rental demand in a high-density residential market.
Median prices moved up 10.0% year over year.
Homes spend a median of 54 days on market with 2.1 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 9.9% — 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 7.4%/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 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 92840, Orange County CA
Crime trends in Garden Grove are generally consistent with regional averages for Orange County, with property crime being the primary concern. The area is considered moderately safe compared to larger urban centers in the Los Angeles metro.
Schools serving the 92840 area are part of the Garden Grove Unified School District, which is generally well-regarded for its academic performance and diverse student support programs.
The area faces standard Southern California risks, including seismic activity and occasional wildfire smoke impacts. Flood risk is generally low, though localized drainage issues can occur during heavy rain events.
Economic momentum is driven by proximity to the Anaheim resort corridor and ongoing infill development in Garden Grove. Infrastructure improvements focus on transit connectivity and revitalizing older commercial strips.
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%). County (Orange County, California) — Ad Valorem Property Tax (Base Rate): The base property tax rate is 1% of the assessed value as mandated by California Proposition 13, plus additional voter-approved local levies, resulting in an effective rate typically ranging from 1.1% to 1.3%.
Residents benefit from proximity to the I-5 and SR-22 freeways, providing access to major employment hubs in Anaheim, Santa Ana, and Irvine. Public transit options include local bus lines with connections to regional rail.
The area features several local parks such as Garden Grove Park and is within a short drive of major shopping centers and entertainment venues in the Anaheim resort area.
The rental market is highly competitive with low vacancy rates, driven by strong demand from workers in the nearby hospitality and service sectors. Short-term rental activity is strictly regulated by city ordinances.
The local economy is anchored by the hospitality, tourism, and retail sectors, heavily influenced by the nearby Anaheim resort district. Healthcare and education also serve as significant local employers.
The area is served by a network of arterial roads and is well-positioned for access to the I-5 and SR-22 freeways. Public transit is provided primarily by OCTA bus services.
Development is focused on high-density residential infill and the modernization of aging commercial corridors along major thoroughfares.
The Orange County Assessor maintains property values based on the purchase price at the time of sale, adjusted annually by the state-mandated inflation factor.
Parcels are subject to various special districts, including those for school funding, water management, and local flood control infrastructure.
Property insurance premiums are rising due to regional wildfire and seismic risk factors, consistent with broader trends across Southern California.
California continues to see net domestic out-migration, though Orange County remains a destination for high-income professionals.
California is a non-judicial foreclosure state, providing a structured process for lenders to recover collateral while offering specific notice periods for homeowners.
Sellers are required to provide a comprehensive Transfer Disclosure Statement (TDS) covering all known material defects of the property.
Data retrieved from Census Reporter and California Demographics profiles.
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 Park4.61.9 mi
- Knott's Berry Farm4.65.5 mi
- Disney California Adventure Park4.71.5 mi
- Great Wolf Lodge | Southern California4.41.2 mi
- Disneyland Resort4.71.8 mi
- Angel Stadium4.63.1 mi
- Anaheim Convention Center4.51.2 mi
- Honda Center4.63.6 mi
- The Source OC4.26.2 mi
- OC Fair & Event Center4.48.6 mi
- Disneyland Park4.61.9 mi
- Knott's Berry Farm4.65.5 mi
- Downtown Disney District4.61.6 mi
- Disney California Adventure Park4.71.5 mi
- Honda Center4.63.6 mi
- Irvine Regional Park4.810.1 mi
- Santa Ana Zoo4.16.1 mi
- Mile Square Regional Park4.74.8 mi
- Rosie's Dog Beach4.712 mi
- Huntington State Beach4.710.6 mi
- Costa Mesa Country Club3.98.3 mi
- Coyote Hills Golf Course4.47.8 mi
- Anaheim Hills Golf Club4.210.4 mi
- Tustin Ranch Golf Club4.19.2 mi
- Strawberry Farms Golf Club4.512.4 mi
- South Coast Plaza4.67.2 mi
- The Outlets at Orange4.42.4 mi
- Downtown Disney District4.61.6 mi
- Brea Mall4.59.2 mi
- Los Cerritos Center4.510.6 mi
- Los Angeles International Airport3.929 mi
- John Wayne Airport4.68.6 mi
- Ontario International Airport4.526.7 mi
- Long Beach Airport4.612.6 mi
- Chino Airport4.721.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large community park with sports fields and picnic areas.
Major tourist and shopping destination located immediately adjacent to the ZIP.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).