How much is a home worth in ZIP code 92688?

The typical home in 92688 is worth $1,029,956, based on the Zillow Home Value Index.

Are home values rising in 92688?

Home values in 92688 are down 2.6% over the past year, and up 7.1% a year over five years.

What is the typical rent in 92688?

A typical home in 92688 rents for about $2,799 a month, a gross rental yield of 3.3%.

What is the property tax rate in 92688?

The effective property tax rate in 92688 is 0.7% — roughly $7,073 a year on a typical home.

ZIP code 92688 has a population of 43,320 and a median household income of $152,528.

HousingHandbookReference data

…

U.S. ZIP Code · CA92688

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

Typical home value

$1,029,956^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.6%
5-year / yr: +7.1%
10-year / yr: +6.4%

Relative price

vs U.S.: +262.6%
vs metro: +6.6%
vs state: +47.0%

Price history

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

The typical home in 92688 is worth $1,029,956 — 6.6% above the Los Angeles-Long Beach-Anaheim, CA median. Over the past year, values have fallen 2.6%. Homes here rent for a typical $2,799 a month — a 3.3% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: $2,799^[2]
Gross yield: 3.3%^[2]
Cap rate: 2.0%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $7,073^[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: 43,320^[3]
Median household income: $152,528^[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: 10
Elementary: 6
Middle: 3
High: 1

Tesoro High
High · Grades 9–12 · Capistrano Unified
2,040 students
Rancho Santa Margarita Intermediate
Middle · Grades 7–8 · Saddleback Valley Unified
1,116 students
Melinda Heights Elementary
Elementary · Grades K–6 · Saddleback Valley Unified
950 students
Trabuco Mesa Elementary
Elementary · Grades K–6 · Saddleback Valley Unified
630 students
Las Flores Middle
Middle · Grades 6–8 · Capistrano Unified
559 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 yield3.3%

Net yield (after ~40% expenses)2.0%

Annual rent$33,585

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$5,208

Loan principal$823,965

Down payment$205,991

Total interest paid$1,050,922

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 ratio2.38

Monthly cost to own$6,659

Monthly rent$2,799

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: 87th percentile^[1]
Rental yield: 44th percentile^[2]
Property tax: 62nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 92688?: The typical home in 92688 is worth $1,029,956, based on the Zillow Home Value Index.
Are home values rising in 92688?: Home values in 92688 are down 2.6% over the past year, and up 7.1% a year over five years.
What is the typical rent in 92688?: A typical home in 92688 rents for about $2,799 a month, a gross rental yield of 3.3%.
What is the property tax rate in 92688?: The effective property tax rate in 92688 is 0.7% — roughly $7,073 a year on a typical home.
Who lives in 92688?: ZIP code 92688 has a population of 43,320 and a median household income of $152,528.

#Comparable ZIPs

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

91020 vs 92688 →
La Crescenta-Montrose CDP, CA
Typical home
$1,027,983
Gross yield
3.4%
92841 vs 92688 →
Garden Grove, CA
Typical home
$1,026,452
Gross yield
2.7%
91711
Claremont, CA
Typical home
$1,036,973
Gross yield
3.6%
92706
Santa Ana, CA
Typical home
$1,037,579
Gross yield
3.5%
91765
Diamond Bar, CA
Typical home
$1,039,210
Gross yield
3.8%
91741
Glendora, CA
Typical home
$1,019,474
Gross yield
4.3%

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#Jump to section

U.S. ZIP Code · CA92688

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