ZIP Code · CA

ZIP 92868

Part of Orange, CA
Pop. 26,380·Orange County·339th most expensive ZIP in California
Median rent (all units)
$2,997/mo
Year-over-Year
+3.1%
Month-over-Month
+0.4%
vs US Median
+$1,065
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 92868 · $2,997
More expensive than 90% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,810
1 BR
$2,880
2 BR
$3,390
3 BR
$4,600
4 BR+
$5,500
Research median
$3,390/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 92868 usually run 0.8% below trend in February and 0.8% above it in July, about $48 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 92868 is at its highest level since Zillow's records here began in November 2018.

Past year vs. the rest of California

Rent in ZIP 92868 changed +3.1% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 92868 rose 29.9% while median household income rose 50.1% ($64,949 to $97,500). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 92868 is 35.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 9 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($97,500) is $2,438 a month. That is less than HUD's Fair Market Rent for a studio ($2,810).

Rank in Orange

3rd cheapest of 5 ZIP codes in Orange.

Cheaper nearby

ZIP 92701, 3 miles away, rents for 11% less ($2,676/mo), about $3,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 92868. 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.

Annual cost
$35,964/yr
At $2,997/mo median
Location
CityOrange
StateCA
CountyOrange County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.1% YoY, +0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 92868 (Orange, CA) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 35.7% of residents hold a bachelor's degree or higher.

Population
26,380
Median income
$97,500
Median age
34.1
Renters
69.1%
Age distribution
16.8%
35.4%
26.4%
12.1%
Under 1816.8%
18–3435.4%
35–5426.4%
55–649.4%
65+12.1%
Gender
51.9%
48.1%
Male51.9%
Female48.1%
Race & ethnicity
39.7%
48.7%
16.3%
White39.7%
Black3.1%
Hispanic48.7%
Asian16.3%
Education (25+)
13%
23.6%
27.7%
35.7%
No HS diploma13%
HS diploma23.6%
Some college27.7%
Bachelor's+35.7%
Housing tenure
30.9%
69.1%
Owner30.9%
Renter69.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 92868 in Orange, CA has changed in 5 years

Rent
$2,312 → $2,997
up 29.6%
Income
$79,722 → $97,500
up 22.3%
Population
27,233 → 26,380
down 3.1%
Renter share
64.8% → 69.1%
+4.3 pts
Bachelor's+
30.9% → 35.7%
+4.8 pts
Median age
33.1 → 34.1
+1.0 yrs

Rent in ZIP 92868 in Orange, CA has climbed 29.6% since 2021, going from about $2,312 per month to roughly $2,997 today. Census figures show median household income at $97,500 today, compared with $79,722 five years earlier. Rent outpaced income growth by roughly 7.3 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 27,233 to 26,380 between 2021 and 2024, a 3.1% change. About 69.1% of households rent today, against 64.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 30.9% to 35.7%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 92868

Last updated: October 17, 2026

ZIP code 92868 covers Orange, CA. The median rent here is $2,997/mo as of October 2026. A 1-bedroom rents for a median of $2,880/mo. A 2-bedroom rents for a median of $3,390/mo.

At 37% of local median household income ($97,500/yr), ZIP 92868 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 92868?

To keep rent at or below 30% of gross income, you would need to earn at least $120,000/year (about $58/hour full-time) to afford the median rent of $2,997/mo in ZIP 92868. The local median household income is $97,500/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 92868?

Rent in ZIP 92868 has risen 3.1% over the past year as of September 2026. That is the highest level since Zillow's records here began in November 2018.

When is the cheapest time to rent in ZIP 92868?

Asking rents in ZIP 92868 are usually lowest in February, about 0.8% below their yearly trend, and highest in July, about 0.8% above it. At today's median that is a gap of roughly $48 a month. This pattern comes from 7 years of Zillow rent data.

Has rent outpaced income in ZIP 92868?

No. From 2019 to 2024, rent in ZIP 92868 rose 29.9% while median household income rose 50.1%, from $64,949 to $97,500. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 92868 compare to other ZIPs in California?

ZIP 92868 is in the middle among California ZIP codes for rent, ranking #339 of 898 at $2,997/mo. Over the year to September 2026, rent in ZIP 92868 changed +3.1%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.

How does ZIP 92868 compare to the rest of Orange?

At $2,997/mo, ZIP 92868 is $40 below the Orange citywide median of $3,037/mo. It is the 3rd cheapest of 5 ZIP codes in Orange.
Income Affordability
37%
MODERATE

At $2,997/mo, rent takes ~37% of ZIP 92868's median household income ($97,500/yr). The standard benchmark is 30%.

ZIP 92868 37%Benchmark 30%
State income tax1–13.3%
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Public schools near ZIP 92868 (Orange, CA)

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