ZIP 92692
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12-month history
Last updated: October 17, 2026
What the numbers show
August. Asking rents in ZIP 92692 usually run 0.9% below trend in August and 1.1% above it in February, about $62 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 92692 is at its highest level since Zillow's records here began in January 2016.
Rent in ZIP 92692 changed +14.9% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.
From 2019 to 2024, rent in ZIP 92692 rose 35% while median household income rose 11.3% ($117,828 to $131,175). Rent outpaced income.
Rent in ZIP 92692 is 58.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 10 months in a row, and rose in 11 of the last 12 months.
30% of the median household income ($131,175) is $3,279 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($3,250); a 2-bedroom is $3,830.
From Zillow's monthly rent index (ZORI) for ZIP 92692. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 92692 (Mission Viejo, CA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 55.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 92692 in Mission Viejo, CA has changed in 5 years
Rent in ZIP 92692 in Mission Viejo, CA has climbed 48.8% since 2021, going from about $2,097 per month to roughly $3,121 today. Census figures show median household income at $131,175 today, compared with $128,194 five years earlier. Rent outpaced income growth by roughly 46.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 46,240 to 47,022 between 2021 and 2024, a 1.7% change. About 24.9% of households rent today, against 21.5% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 92692
Last updated: October 17, 2026
ZIP code 92692 covers Mission Viejo, CA. The median rent here is $3,121/mo as of October 2026. A 1-bedroom rents for a median of $2,399/mo. A 2-bedroom rents for a median of $2,827/mo.
At 29% of local median household income ($131,175/yr), ZIP 92692 ranks as affordable compared to the national benchmark of 30%. Rents have increased 14.9% over the past year.
Frequently asked questions
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How does ZIP 92692 compare to other ZIPs in California?
At $3,121/mo, rent takes ~29% of ZIP 92692's median household income ($131,175/yr). The standard benchmark is 30%.
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