Top Reasons to Live in Mission Viejo CA
Housing Statistics Individuals interested in purchasing real estate and rental property in Mission Viejo will find plenty of options. However, before making this type of buying decision, individuals need to consider the overall features of the area and the housing market. The housing market is mostly stable, though there are large numbers of foreclosure properties present in some regions. This has dropped significantly, though, in the previous year. The median sale price of homes here in the second quarter of 2013 was $550,000. This is more than a 20 percent increase in home sale prices from last year. The average price per square foot was $326. The average listing price of homes, as of the second week of August 2013, stood at $673,382. In the previous year, 576 homes sold in the area. When determining if this is the right place to purchase rental property, it may help to consider a few additional factors. The median household income here is nearly $98,000. The annual residential turnover is 14 percent. The median years in residence is four. Additionally, incomes have improved by about 23 percent over the last decade.
Nightlife When choosing a rent to own home, choosing one that offers a high quality of life is important to any buyer. So consider the nightlife present here in Mission Viejo. There are a number of outstanding options to choose from when a night on the town is what's necessary. Some top destinations include Mare Culinary Lounge, Sutra, and Kollas Nightclub. The various restaurants and bars in town tend to have nightly entertainment, too.
Arts and Culture Mission Viejo does not have too many museums or various performing arts facilities. Most people head into the big city for those attractions and events. However, there are some important locations here that contribute to the overall cultural value present in the city. The Norman P Murray Community and Senior Center is one of the most popular options for those who are older and looking for plays, group events and cultural events. Lake Mission Viejo is another important destination. This man-made lake also hosts various events and festivals.
Neighborhoods Mission Viejo does have some unique community neighborhoods, but overall it is a cohesive city. Here's an overview of a few neighborhoods: