Orange County Multifamily Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Lee Associates, Matthews, Colliers
Quarterly multifamily market indicators for Orange County, aggregated by PropZone from Cushman & Wakefield, Lee Associates, Matthews, Colliers. As of Q1 2026, average asking rent was — with a 19.2% vacancy rate.
Projected current multifamily pricing — Orange County
low confidenceProjected asking rent
$2,081–$2,084/unit/mo
Estimated sale value
$220,417–$275,934/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.4%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 19.2% | 0K SF | — | Cushman & Wakefield |
| Q1 2026 | $2081.00/SF | 10.3% | 1K SF | — | Lee Associates |
| Q4 2025 | — | 14.7% | 0K SF | — | Lee Associates |
| Q4 2025 | — | 4.0% | — | — | Matthews |
| Q3 2017 | — | 17.2% | 167K SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for multifamily space in Orange County?
- PropZone aggregates multifamily asking-rent data for Orange County from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Orange County?
- The multifamily vacancy rate in Orange County was 19.2% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's Orange County market data come from?
- This report aggregates quarterly multifamily market data for Orange County from Cushman & Wakefield, Lee Associates, Matthews, Colliers.
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