Rancho Santa Margarita, CA Real Estate
According to census data in the year 2000 there were 16,639 housing units in Rancho Santa Margarita.
This represents a 236.1% growth from 4,951 in 1990.
Of those housing units, 16,639 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Rancho Santa Margarita is about 77.9%.
Rancho Santa Margarita's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 2.93 people.
The majority of houses, apartments or condos in Rancho Santa Margarita were built after 1993.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 12.90% |
| Two Bedrooms | 25.50% |
| Three Bedrooms | 29.40% |
| Four Bedrooms | 23.60% |
| Five Bedrooms or more | 5.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.12 |
| Median year structure was built | 1992 |
| Median Value of occupied units | $280,700 |
| Median Price asked for vacant units | $272,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.23 |
| Median year structure was built | 1993 |
| Median Monthly Rent asked for vacant units | $1,069 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 18.10% |
| Home Equity Loan | 10.80% |
| Simple Mortgage | 66.90% |
| Debt Free | 3.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 26.3% |
