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Garden Grove, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,538
Monthly Cash Flow
-$3,170
Principal + Equity
$6,909
Annual Total Gain
$44,869
Cash on Cash
-15.68%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$271
Occupancy Rate
73.33%
Monthly Revenue
$4,506
Monthly Cash Flow
-$1,879
Principal + Equity
$6,909
Annual Total Gain
$60,371
Cash on Cash %
-9.29%
Net ROI %
Market Health & Growth
Median Income
$90,166
Population
170,603
LTR Renter %
46.44%
Forecast (1 yr)
1.66%
Appreciation (1 yr)
0.62%
Appreciation (5 yr)
48.37%
Appreciation (10 yr)
108.46%
Job Growth
-1.34%
LTR Rentability
Moderate
STR Demand
98
STR Rentals
409
Top Public Schools
ALa Quinta High School
A-Loyal Barker Elementary School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Most Diverse Suburbs in California
#42out of 526 markets
Best Suburbs for Young Professionals in California
#128out of 526 markets
Suburbs with the Best Public Schools in California
#164out of 526 markets
A-
Public School
C-
Crime And Safety
D
Housing
A-
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Garden Grove, CA.
As of September 2021, Garden Grove, CA does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware that the city may implement regulations in the future, as the popularity of STRs continues to grow.
Investors should also consider the potential impact of neighboring cities' regulations on Garden Grove. For example, nearby cities such as Anaheim and Newport Beach have implemented strict regulations on STRs, including requiring permits, limiting the number of days a property can be rented out, and imposing occupancy limits.
Additionally, investors should be aware of any homeowners' association (HOA) regulations that may restrict or prohibit STRs in certain neighborhoods or developments. It is important to thoroughly research and understand any existing regulations or restrictions before purchasing a property for short term rental purposes in Garden Grove.
Overall, investors should stay informed about any potential changes in regulations and consider the potential impact on their investment before purchasing a property for short term rental in Garden Grove, CA.
Market Trends Over Time
Explore 25 years of market data for Garden Grove, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Garden Grove, CA.
The LTR Genie Score of Garden Grove, CA is 56, indicating a moderate level of rentability for long-term rental properties in the area. The STR Genie Score is 69, showing a higher level of rentability for short-term rental or Airbnb properties. The LTR Rent Growth Rate of 0.0% may have contributed to the lower LTR Genie Score, while the higher STR Net ROI of 24.88% likely boosted the STR Genie Score.
Garden Grove, CA has a 1-Year Price Appreciation Forecast of 1.66%, indicating potential growth in property values. The STR Occupancy rate of 73.33% and STR Revenue of $4506 suggest a strong demand for short-term rental properties in the area.
Based on the metrics provided, Garden Grove, CA appears to be more attractive for short-term rental investment due to the higher STR Genie Score, Net ROI, and occupancy rate. However, with a positive price appreciation forecast, long-term rental investment could also be a viable option for investors looking for steady returns. It may be beneficial for investors to consider a combination of both short-term and long-term rental properties in Garden Grove to diversify their portfolio and maximize potential returns.
LTR Genie Score 46
$469,000
🛏 2 Beds🛁 2.0000 Baths🏙 864 sqft.🏠 CONDO
12591 Westminster Ave Unit 115, Garden Grove, CA 92843