Orange County Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Matthews, CBRE, Northmarq, Colliers
Quarterly multifamily market indicators for Orange County, aggregated by CREhunt from Matthews, CBRE, Northmarq, Colliers. As of Q1 2026, average asking rent was $2,800.00/unit/mo and vacancy was 4.3%, per Matthews.
Projected current multifamily pricing — Orange County
Projected asking rent
$2,848–$2,871/unit/mo
Estimated sale value
$363,329–$457,903/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 4.5%, 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 Matthews | $2,800.00/unit/mo | 4.3% | — | — | Matthews |
| Q1 2026 CBRE | $2,896.00/unit/mo | — | — | — | CBRE |
| Q4 2025 Matthews | $2,700.00/unit/mo | 4.1% | — | — | Matthews |
| Q2 2025 Northmarq | — | — | — | — | Northmarq |
| Q2 2025 Matthews | $2,736.00/unit/mo | 4.0% | 633 SF | — | Matthews |
| Q3 2017 Colliers | — | 17.2% | 167K SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for multifamily space in Orange County?
- As of Q1 2026, the average asking rent for multifamily space in Orange County was $2,800.00/unit/mo, per Matthews.
- What is the multifamily vacancy rate in Orange County?
- The multifamily vacancy rate in Orange County was 4.3% as of Q1 2026 (Matthews).
- Where does CREhunt's Orange County market data come from?
- This report aggregates quarterly multifamily market data for Orange County from Matthews, CBRE, Northmarq, Colliers.
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