{"id":2183,"date":"2023-09-22T02:19:52","date_gmt":"2023-09-22T02:19:52","guid":{"rendered":"https:\/\/identia.digital\/property\/?p=1170"},"modified":"2023-09-22T02:19:52","modified_gmt":"2023-09-22T02:19:52","slug":"navigating-orange-countys-rental-market-what-property-owners-need-to-know","status":"publish","type":"post","link":"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/","title":{"rendered":"Navigating Orange County’s Rental Market: What Property Owners Need to Know"},"content":{"rendered":"

If you\u2019re new to Orange County real estate, you will quickly realize that not all rental markets are cut from the same cloth. Very few property owners have seen an animal quite like the Orange County, CA rental market.\u00a0<\/span><\/p>\n

With a population over 3 million (and growing), Orange County has <\/span>one of the hottest rental markets in the country.<\/span><\/a><\/p>\n

In this blog, we discuss the basics of Orange County\u2019s rental market in 2023.<\/b><\/p>\n

Orange County \u2013 California\u2019s Most Competitive Rental Market<\/span><\/h2>\n

Orange County is the third largest county in all of California. And it\u2019s one of the most desirable \u2013\u00a0with its pristine beaches, urban hubs, work opportunities, and engrossing entertainment and culture. People just love living here!<\/span><\/p>\n

So, it\u2019s no wonder why <\/span>rental vacancy rates have recently reached historical lows.<\/span><\/a>\u00a0<\/span><\/p>\n

Orange County\u2019s multifamily rental market currently has a vacancy rate of just 4.3% (compared to the national average at 6.8%). And for every vacant Orange County apartment,<\/span> 11 potential residents apply.<\/span><\/a><\/p>\n

Responding to the Rental Shortage<\/span><\/h2>\n

To combat the rental shortage, Orange County is prioritizing residential development.\u00a0<\/span><\/p>\n

Right now, 16 new multifamily properties are being built. The developments will create 5,570 new residential units (about 2.2% of the current inventory).<\/span><\/p>\n

When these complexes are built, Orange County\u2019s vacancy rate should increase. But further development will likely remain difficult due to high construction costs.<\/span><\/p>\n

Orange County Rental Prices in 2023<\/span><\/h2>\n

What are renters paying in Orange County, CA?\u00a0<\/span><\/p>\n

Rental prices are averaging around $2,610 per month. On the high end, Class A apartments are going as high as $4,500, and lower quality Class C apartments average about $1,950 per month.<\/span><\/p>\n

Orange County Short-Term Rental Limits<\/span><\/h2>\n

In an effort to encourage more investors to rent out their properties long-term, most cities in Orange County place limits \u2013 or entirely prohibit \u2013\u00a0short-term rentals of any kind.\u00a0<\/span><\/p>\n

Find each city\u2019s short-term rental rules here.<\/span><\/a><\/p>\n

True Property Management | #1 Choice Property Manager Orange County, CA<\/span><\/h2>\n

Thinking about investing in Orange County residential real estate? You\u2019re going to need a property management company you can trust.<\/span><\/p>\n

Our team has earned a strong reputation across the region, ranked as the <\/span>Best Property Manager<\/span><\/a> in 13 different Orange County cities. <\/span>Contact us<\/span><\/a> today to learn more about what we can do for you!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re new to Orange County real estate, you will quickly realize that not all rental markets are cut from the same cloth. Very few property owners have seen an animal quite like the Orange County, CA rental market.\u00a0 With a population over 3 million (and growing), Orange County has one of the hottest rental […]<\/p>\n","protected":false},"author":1,"featured_media":1171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nNavigating Orange County's Rental Market: What Property Owners Need to Know - True Property Management<\/title>\n<meta name=\"description\" content=\"With a population over 3 million and historically low rental vacancy rates, the Orange County rental market is one of the hottest in the U.S.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Navigating Orange County's Rental Market: What Property Owners Need to Know - True Property Management\" \/>\n<meta property=\"og:description\" content=\"With a population over 3 million and historically low rental vacancy rates, the Orange County rental market is one of the hottest in the U.S.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/\" \/>\n<meta property=\"og:site_name\" content=\"True Property Management\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TruePropertyManagementOC\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-22T02:19:52+00:00\" \/>\n<meta name=\"author\" content=\"Kurt Galitski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kurt Galitski\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/\"},\"author\":{\"name\":\"Kurt Galitski\",\"@id\":\"https:\/\/identia.digital\/property\/#\/schema\/person\/eb2be4a8f93f612245cb923fafafcee0\"},\"headline\":\"Navigating Orange County’s Rental Market: What Property Owners Need to Know\",\"datePublished\":\"2023-09-22T02:19:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/\"},\"wordCount\":380,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/identia.digital\/property\/#organization\"},\"image\":{\"@id\":\"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/#primaryimage\"},\"thumbnailUrl\":\"\",\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/\",\"url\":\"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/\",\"name\":\"Navigating Orange County's Rental Market: What Property Owners Need to Know - True Property Management\",\"isPartOf\":{\"@id\":\"https:\/\/identia.digital\/property\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2023-09-22T02:19:52+00:00\",\"description\":\"With a population over 3 million and historically low rental vacancy rates, the Orange County rental market is one of the hottest in the U.S.\",\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/identia.digital\/property\/#website\",\"url\":\"https:\/\/identia.digital\/property\/\",\"name\":\"True Property Management\",\"description\":\"Orange County's Property Manager\",\"publisher\":{\"@id\":\"https:\/\/identia.digital\/property\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/identia.digital\/property\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/identia.digital\/property\/#organization\",\"name\":\"True Property Management\",\"url\":\"https:\/\/identia.digital\/property\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/identia.digital\/property\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/identia.digital\/property\/wp-content\/uploads\/2024\/10\/TruePropertyManagement31-scaled.jpg\",\"contentUrl\":\"https:\/\/identia.digital\/property\/wp-content\/uploads\/2024\/10\/TruePropertyManagement31-scaled.jpg\",\"width\":2560,\"height\":743,\"caption\":\"True Property Management\"},\"image\":{\"@id\":\"https:\/\/identia.digital\/property\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/TruePropertyManagementOC\/\",\"https:\/\/www.youtube.com\/channel\/UCRhvCDzZIMNheg4d82uJ1SA\",\"https:\/\/x.com\/i\/flow\/login?redirect_after_login=truePmoc\",\"https:\/\/www.linkedin.com\/in\/true-property-a596751a8\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/identia.digital\/property\/#\/schema\/person\/eb2be4a8f93f612245cb923fafafcee0\",\"name\":\"Kurt Galitski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/identia.digital\/property\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/667fae28567a5df2862f9eedeb451d7f3da332dc5445b1a9c602323a9b20a0ed?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/667fae28567a5df2862f9eedeb451d7f3da332dc5445b1a9c602323a9b20a0ed?s=96&d=mm&r=g\",\"caption\":\"Kurt Galitski\"},\"sameAs\":[\"https:\/\/identia.digital\/property\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Navigating Orange County's Rental Market: What Property Owners Need to Know - True Property Management","description":"With a population over 3 million and historically low rental vacancy rates, the Orange County rental market is one of the hottest in the U.S.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/","og_locale":"en_US","og_type":"article","og_title":"Navigating Orange County's Rental Market: What Property Owners Need to Know - True Property Management","og_description":"With a population over 3 million and historically low rental vacancy rates, the Orange County rental market is one of the hottest in the U.S.","og_url":"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/","og_site_name":"True Property Management","article_publisher":"https:\/\/www.facebook.com\/TruePropertyManagementOC\/","article_published_time":"2023-09-22T02:19:52+00:00","author":"Kurt Galitski","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Kurt Galitski","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/#article","isPartOf":{"@id":"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/"},"author":{"name":"Kurt Galitski","@id":"https:\/\/identia.digital\/property\/#\/schema\/person\/eb2be4a8f93f612245cb923fafafcee0"},"headline":"Navigating Orange County’s Rental Market: What Property Owners Need to Know","datePublished":"2023-09-22T02:19:52+00:00","mainEntityOfPage":{"@id":"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/"},"wordCount":380,"commentCount":0,"publisher":{"@id":"https:\/\/identia.digital\/property\/#organization"},"image":{"@id":"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/#primaryimage"},"thumbnailUrl":"","inLanguage":"en","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/","url":"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/","name":"Navigating Orange County's Rental Market: What Property Owners Need to Know - True Property Management","isPartOf":{"@id":"https:\/\/identia.digital\/property\/#website"},"primaryImageOfPage":{"@id":"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/#primaryimage"},"image":{"@id":"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/#primaryimage"},"thumbnailUrl":"","datePublished":"2023-09-22T02:19:52+00:00","description":"With a population over 3 million and historically low rental vacancy rates, the Orange County rental market is one of the hottest in the U.S.","inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/"]}]},{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/identia.digital\/property\/navigating-orange-countys-rental-market-what-property-owners-need-to-know\/#primaryimage","url":"","contentUrl":""},{"@type":"WebSite","@id":"https:\/\/identia.digital\/property\/#website","url":"https:\/\/identia.digital\/property\/","name":"True Property Management","description":"Orange County's Property Manager","publisher":{"@id":"https:\/\/identia.digital\/property\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/identia.digital\/property\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en"},{"@type":"Organization","@id":"https:\/\/identia.digital\/property\/#organization","name":"True Property Management","url":"https:\/\/identia.digital\/property\/","logo":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/identia.digital\/property\/#\/schema\/logo\/image\/","url":"https:\/\/identia.digital\/property\/wp-content\/uploads\/2024\/10\/TruePropertyManagement31-scaled.jpg","contentUrl":"https:\/\/identia.digital\/property\/wp-content\/uploads\/2024\/10\/TruePropertyManagement31-scaled.jpg","width":2560,"height":743,"caption":"True Property Management"},"image":{"@id":"https:\/\/identia.digital\/property\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/TruePropertyManagementOC\/","https:\/\/www.youtube.com\/channel\/UCRhvCDzZIMNheg4d82uJ1SA","https:\/\/x.com\/i\/flow\/login?redirect_after_login=truePmoc","https:\/\/www.linkedin.com\/in\/true-property-a596751a8\/"]},{"@type":"Person","@id":"https:\/\/identia.digital\/property\/#\/schema\/person\/eb2be4a8f93f612245cb923fafafcee0","name":"Kurt Galitski","image":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/identia.digital\/property\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/667fae28567a5df2862f9eedeb451d7f3da332dc5445b1a9c602323a9b20a0ed?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/667fae28567a5df2862f9eedeb451d7f3da332dc5445b1a9c602323a9b20a0ed?s=96&d=mm&r=g","caption":"Kurt Galitski"},"sameAs":["https:\/\/identia.digital\/property"]}]}},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"tf-client-image-size":false,"1536x1536":false,"2048x2048":false,"gform-image-choice-sm":false,"gform-image-choice-md":false,"gform-image-choice-lg":false},"uagb_author_info":{"display_name":"Kurt Galitski","author_link":"https:\/\/identia.digital\/property\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"If you\u2019re new to Orange County real estate, you will quickly realize that not all rental markets are cut from the same cloth. Very few property owners have seen an animal quite like the Orange County, CA rental market.\u00a0 With a population over 3 million (and growing), Orange County has one of the hottest rental…","_links":{"self":[{"href":"https:\/\/identia.digital\/property\/wp-json\/wp\/v2\/posts\/2183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/identia.digital\/property\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/identia.digital\/property\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/identia.digital\/property\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/identia.digital\/property\/wp-json\/wp\/v2\/comments?post=2183"}],"version-history":[{"count":0,"href":"https:\/\/identia.digital\/property\/wp-json\/wp\/v2\/posts\/2183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/identia.digital\/property\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/identia.digital\/property\/wp-json\/wp\/v2\/media?parent=2183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/identia.digital\/property\/wp-json\/wp\/v2\/categories?post=2183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/identia.digital\/property\/wp-json\/wp\/v2\/tags?post=2183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}