More than half of Orange County residents have either considered moving away in the past four years or are currently considering doing so, according to a recent survey by UC Irvine.
More than half of the residents in Orange County are contemplating relocation or have contemplated moving away in the past four years.
Over three-quarters of those who were considering a move cited the prohibitive cost of housing as their main worry, according to a recent UC Irvine survey.
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In June, the median price for a home sold in Orange County stood at approximately $1.2 million, as reported by CoreLogic, a leading provider of real estate information.
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According to the poll, the younger participants highlighted the county’s job market as a significant driving factor for their potential move. On the other hand, those aged 65 and older were more inclined to cite politics as their reason for considering a relocation.
The average home price in Los Angeles and Orange counties is approximately ten times higher than the average income, according to a study by the Joint Center for Housing Studies at Harvard University.
