Home Values in Garden Grove, California — 2026 Market Report
Updated March 2026 | Balanced Market | +2.5% YoY
The median home value in Garden Grove, California is $815,000 as of March 2026, which is above the national median of $400,000. Home values in Garden Grove have increased by 2.5% over the past year and 13.1% over the last five years. With a population of 172,646 and a median household income of $70,250, the price-to-income ratio stands at 11.6x, making Garden Grove affordable for the average household.
Garden Grove Housing Market Conditions
| Metric | Garden Grove | National Avg |
|---|---|---|
| Median Home Value | $815,000 | $400,000 |
| YoY Appreciation | +2.5% | +3.8% |
| 5-Year Appreciation | +13.1% | +22.4% |
| Price per Sq Ft | $696 | $222 |
| Days on Market | 50 days | 45 days |
| Months of Supply | 4.1 | 3.5 |
| List-to-Sale Ratio | 99.6% | 98.5% |
| Monthly Homes Sold | 84 | — |
| Foreclosure Rate | 0.56% | 0.3% |
Home Value Trends in Garden Grove
A homeowner who purchased at the median price of $720,601 five years ago in Garden Grove would have gained approximately $94,399 in equity, representing a 13.1% return on investment. Over the past year alone, the typical homeowner gained $19,878 in home equity.
Affordability in Garden Grove, CA
With a median household income of $70,250 and a median home price of $815,000, the price-to-income ratio in Garden Grove is 11.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $4,962 compared to estimated monthly ownership costs of $4,388 gives a rent-vs-buy ratio of 0.88. In Garden Grove, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Garden Grove
The effective property tax rate in California is 0.76%. On a home valued at $815,000, the estimated annual property tax bill is $6,194, or approximately $516/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Garden Grove is 142.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Garden Grove, CA?
The median home value in Garden Grove, California is $815,000 as of March 2026. Home values have changed +2.5% over the past year, with a 5-year appreciation of 13.1%.
Is Garden Grove a buyer's or seller's market?
Garden Grove is currently a balanced market with 4.1 months of housing supply. Homes spend an average of 50 days on market, and the list-to-sale price ratio is 99.6%. Supply and demand are relatively balanced.
Are home values going up in Garden Grove?
Yes, home values in Garden Grove have increased by 2.5% over the past year. The 5-year appreciation rate is 13.1%, meaning a home worth $720,601 five years ago is now worth $815,000.
Is it better to rent or buy in Garden Grove?
The average monthly rent in Garden Grove is $4,962, while estimated monthly homeownership costs are approximately $4,388. The price-to-rent ratio is 13.7. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Garden Grove, California is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.