Located in southern Orange County, the city of Mission Viejo offers residents a suburban lifestyle with a number of well-developed and well-maintained neighborhoods. It was also recently named one of the safest cities in nation.
The 2010 Census of Population and Housing shows there were 93,305 residents of Mission Viejo, up just 0.2 percent from the census of 2000. The overall population of California reached more than 37 million by the last census and saw a 10 percent increase between 2000 and 2010.
Data listed the median age of those living in the city as around 42 years old, noting that 22.8 percent of the population was under the age of 18 while 14.5 percent of residents were 65 years of age or older.
The census reveals there were 34,228 total housing units in Mission Viejo in 2010, of which 77.9 percent were occupied by owners and just 22.1 percent were rented. The median value of owner occupied homes between 2006 and 2010 was $622,000, slightly higher than the statewide average of $458,500 and higher than the $553,900 median value of homes in Los Angeles.
Homes for sale in Los Angeles could continue to see multiple offers, as mortgage rates have remained near all-time lows despite rising in two consecutive weeks.