155 homes in Mission Viejo
Homes for Sale in Mission Viejo, TN
About Mission Viejo, TN Real Estate
Mission Viejo is a commuter city in the Saddleback Valley in Orange County, California, United States. Mission Viejo is considered one of the largest master-planned communities ever built under a single project in the United States and is rivaled only by Highlands Ranch, Colorado in size. Its population as of 2020 was 93,653.
Mission Viejo is a master-planned community centered around Lake Mission Viejo. Features excellent schools, safe neighborhoods, and private lake for residents.
Today, Mission Viejo has 156 homes for sale at a median price of $1,129,000, typically selling in about 37 days. Families here choose from 15 schools rated 8 or higher on the Topfind School Score.
Top Rated Schools in Mission Viejo
Powered by the Topfind School Score
- 10Bathgate Elementaryelementary
- 10Castille Elementaryelementary
- 10De Portola Elementaryelementary
- 10Fred Newhart Middleintermediate/middle/junior high
- 10Philip J. Reilly Elementaryelementary
- 9Capistrano Valley Highhigh school
Why Live in Mission Viejo?
- Lake Mission Viejo
- Top-rated schools
- Master-planned
- Extensive recreation
Popular Neighborhoods in Mission Viejo
Mission Viejo Market Pulse
Median Home Price
$699K
↓ 40.3% over the past yearMonths of Supply
Estimated time to sell all listings at the current sales pace
2.1 months of supply
Seller's MarketWith only 155 active listings, supply is tight.
What this means for buyers
Inventory is tight relative to how many homes sell each month—buyers have fewer options, and well-priced homes draw competition. Listings typically sell in ~37 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace—buyers have some time, but competition exists.
Inventory Distribution
Homes are selling at a healthy pace—more listings move within 30 days than sit longer on the market.
Most homes are selling within a month, but a meaningful share is starting to linger longer.
Housing Tenure in Mission Viejo
Homeownership is significantly higher than average—this is a homeowner-dominated market with more long-term residents.
78%
Homeowners
22%
Renters
Homeownership is 22.5% higher than the California average (55.5%)
32,917 households (2023)
Affordability Snapshot
Typical home cost
$7,573/mo
Actual housing expense
Affordable budget (28%)
$3,175/mo
Based on median income
Median household income
$11,339/mo
Mission Viejo
A typical home costs about 67% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$325K/year
Assumes housing costs ≤28% of income
View cost breakdown
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $556K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$1.1M)
Price Reductions
68 listings have reduced their price
44% of active listings
Average reduction: 5.0% (~$56K)
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