How much is a home worth in ZIP code 92656?

The typical home in 92656 is worth $1,002,236, based on the Zillow Home Value Index.

Are home values rising in 92656?

Home values in 92656 are down 0.5% over the past year, and up 8.3% a year over five years.

What is the typical rent in 92656?

A typical home in 92656 rents for about $3,446 a month, a gross rental yield of 4.1%.

What is the property tax rate in 92656?

The effective property tax rate in 92656 is 0.6% — roughly $6,358 a year on a typical home.

ZIP code 92656 has a population of 52,229 and a median household income of $137,639.

HousingHandbookReference data

…

U.S. ZIP Code · CA92656

Orange County · Los Angeles-Long Beach-Anaheim, CA

Typical home value

$1,002,236^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.5%
5-year / yr: +8.3%
10-year / yr: +6.6%

Relative price

vs U.S.: +252.8%
vs metro: +3.8%
vs state: +43.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 92656 is worth $1,002,236 — 3.8% above the Los Angeles-Long Beach-Anaheim, CA median. Over the past year, values have fallen 0.5%. Homes here rent for a typical $3,446 a month — a 4.1% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $3,446^[2]
Gross yield: 4.1%^[2]
Cap rate: 2.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $6,358^[3]

#Climate risk

FEMA National Risk Index ratings for Orange County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Very High^[4]
Riverine flood: Very High
Coastal flood: Relatively High
Wildfire: Relatively High
Drought: Relatively Low
Heat wave: Relatively High
Hurricane: No Rating
Tornado: Relatively Moderate
Earthquake: Very High
Winter weather: Very Low

#Who lives here

Population: 52,229^[3]
Median household income: $137,639^[3]

#Migration

Household moves in and out of Orange County over a year, from IRS tax-return data.

Net migration: -12,084^[5]
Moved in: 57,781
Moved out: 69,865

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 8
Elementary: 5
Middle: 2
High: 1

Aliso Niguel High
High · Grades 9–12 · Capistrano Unified
2,608 students
Don Juan Avila Middle
Middle · Grades 6–8 · Capistrano Unified
891 students
Aliso Viejo Middle
Middle · Grades 6–8 · Capistrano Unified
799 students
Don Juan Avila Elementary
Elementary · Grades K–5 · Capistrano Unified
675 students
Journey
Elementary · Grades K–8 · Journey District
591 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.1%

Net yield (after ~40% expenses)2.5%

Annual rent$41,350

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$5,068

Loan principal$801,789

Down payment$200,447

Total interest paid$1,022,638

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.87

Monthly cost to own$6,429

Monthly rent$3,446

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 93rd percentile^[1]
Rental yield: 79th percentile^[2]
Property tax: 36th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 92656?: The typical home in 92656 is worth $1,002,236, based on the Zillow Home Value Index.
Are home values rising in 92656?: Home values in 92656 are down 0.5% over the past year, and up 8.3% a year over five years.
What is the typical rent in 92656?: A typical home in 92656 rents for about $3,446 a month, a gross rental yield of 4.1%.
What is the property tax rate in 92656?: The effective property tax rate in 92656 is 0.6% — roughly $6,358 a year on a typical home.
Who lives in 92656?: ZIP code 92656 has a population of 52,229 and a median household income of $137,639.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

90501 vs 92656 →
Torrance, CA
Typical home
$998,967
Gross yield
3.2%
92806 vs 92656 →
Anaheim, CA
Typical home
$1,005,596
Gross yield
3.0%
90504
Torrance, CA
Typical home
$1,006,802
Gross yield
3.5%
90814
Long Beach, CA
Typical home
$1,006,992
Gross yield
2.9%
91344
Los Angeles, CA
Typical home
$1,007,285
Gross yield
3.5%
91307
Los Angeles, CA
Typical home
$1,008,732
Gross yield
5.1%

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Pit ZIP 92656 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · CA92656

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