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Rancho Santa Margarita city, CA

ZIP 92688 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 92688

Median Home Value
$857,100
Median Rent
$2,348
Affordability Snapshot
$236,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,506/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

30.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 92688 in Rancho Santa Margarita city, CA, a household would need roughly $236,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,506. That is about 66% above the local median household income ($142,015), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
69.5%+6% vs US avg
x
Vacancy Rate
2.6%-75% vs US avg
x
Broadband Access
96.9%+11% vs US avg
x
4+ Bedrooms
5.0%-66% vs US avg
x
Built Pre-1939
0.1%-100% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
29.0%-42% vs US avg
x
Mortgage-Free
17.1%-55% vs US avg
x
$857,100
Home Value
$2,348
Rent
1993
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached47.7%
  • 1-unit attached22.1%
  • 2-9 units11.8%
  • 10+ units18.1%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$857,100
Median rent$2,348
Owner-occupied69.5%
Vacant2.6%
Price-to-income6.0x
Est. income to buy$236,000