The renter population in Ladera Ranch has experienced a declining trend, decreasing from 27% in 2013 to 20% in 2022. Despite this decrease in the renter population, average rent prices have shown a consistent upward trend. In 2013, the average rent was $2,157, which increased to $2,857 by 2022, representing a 32% rise over this period. This increase in average rent prices, despite a decreasing renter population, could be attributed to the overall growth in population from 21,602 in 2013 to 30,405 in 2022, potentially creating more demand for rental properties.

In 2023, the average home price in Ladera Ranch reached $1,187,286, with federal interest rates at 5.02%. Moving into 2024, the average home price has further increased to $1,260,784, while interest rates have slightly risen to 5.33%. These figures indicate a continuing upward trend in home prices, even in the face of higher interest rates.

Looking ahead, based on the historical data and current trends, we can forecast potential 5-year trends for average home and rent prices in Ladera Ranch. If the current trajectory continues, we might expect average home prices to reach approximately $1.5 million by 2029. Average rent prices could potentially increase to around $3,300 per month in the same timeframe, assuming a similar rate of growth as seen in recent years.

In summary, Ladera Ranch has demonstrated a strong trend towards increased homeownership, with rates rising from 73% to 80% between 2013 and 2022. This trend has been accompanied by a significant increase in average home prices, nearly doubling over the same period. Despite a decreasing renter population, average rent prices have also shown a steady upward trend. The community has shown resilience in maintaining these trends even through fluctuations in federal interest rates, suggesting a robust local real estate market with continued growth potential in both home values and rental prices.