The typical owner-occupied home in Mission Viejo is worth about $1,009,600, 37% above the California median of $734,700 and 3.0 times the national median of $332,700. Owners pay a median $5,876 a year in property taxes, about 0.58% of their home's value, lower than the California rate of 0.70%. The median household earns $136,123 a year, so the median home costs 7.4 times the median income (7.4 times for California). 77% of occupied homes here are lived in by their owners, and 75% of those owners still have a mortgage.
Mission Viejo at a glance
| Mission Viejo | California | U.S. | |
|---|---|---|---|
| Median home value | $1,009,600 | $734,700 | $332,700 |
| Median property tax paid per year | $5,876 | $5,124 | $3,119 |
| Property tax as a share of value | 0.58% | 0.70% | 0.94% |
| Median household income | $136,123 | $99,122 | $80,734 |
| Homes lived in by their owners | 77% | 56% | 65% |
| Owner homes with a mortgage | 75% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $3,382 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 24.2% | 24.8% | 21.0% |
| Median rent | $2,839 | $2,036 | $1,413 |
| Rent as a share of renters' income | 34.2% | 32.8% | 30.6% |
| Median year homes were built | 1979 | 1976 | 1980 |
| Vacant homes | 3.9% | 7.5% | 10.1% |
| Population | 92,151 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Mission Viejo
At this week's average 30-year rate of 7.11%, buying the median Mission Viejo home of $1,009,600 with 20% down costs about $6,342 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $8,186, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $271,798 for the 20%-down payment. That payment is 56% of the median Mission Viejo household income of $136,123; at that income and 20% down, the 28% guideline points to a home of about $506,000.
The median rent here is $2,839 a month, so owning the median home costs about $3,503 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $201,920 |
|---|---|
| Loan amount | $807,680 |
| Principal and interest | $5,433 |
| Property taxes (0.58% a year) | $488 |
| Homeowners insurance (our estimate, 0.5% a year) | $421 |
| PMI | $0 |
| Total per month | $6,342 |
Change the numbers in the calculator
| Down payment | $35,336 |
|---|---|
| Loan amount | $991,314 |
| Principal and interest | $6,669 |
| Property taxes (0.58% a year) | $488 |
| Homeowners insurance (our estimate, 0.5% a year) | $421 |
| FHA mortgage insurance | $609 |
| Total per month | $8,186 |
Change the numbers in the calculator
Questions about home buying in Mission Viejo
What is the median home value in Mission Viejo?
About $1,009,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mission Viejo?
Homeowners pay a median $5,876 a year, which is about 0.58% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Mission Viejo?
For the median home with 20% down at 7.11%, the payment is about $6,342 a month. Keeping that under 28% of gross income takes about $271,798 a year.
More about Mission Viejo
- Mortgage Refinance in Mission Viejo
- Debt Relief in Mission Viejo
- Home Equity Loans in Mission Viejo
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data