Why Aren't Anaheim Home Prices Dropping? - Anaheim - 1

$954,662. This is the average home value in Anaheim as of June 30, 2026, according to Zillow. It has increased by 1.5% over the past year, and it takes an average of only 15 days for listings to go into pending status. This number clearly indicates that, despite an increase in listings across Orange County, Anaheim continues to maintain a seller's market.

The median sale price reported by Redfin is $956,000, which is a 7.4% increase from the previous year. An analysis of 782 transactions over the last six months by Riverside Line found that the median closing price was $912,000. There are variations by neighborhood. West Anaheim saw a median price of $935,000 over the last three months as of May, up 6.7% from the previous year, while Anaheim Hills had a modest increase of 0.9% to around $1,100,000 as of June. It's important to keep in mind that the rate of increase can vary even within the same city.

Overall, Orange County has seen active listings rise to 5,165, marking the highest level in 2026, and the average time to sell has stretched from 37 days to between 60 and 90 days. Nevertheless, the industry still classifies Orange County, especially areas close to the coast, as a seller's market due to strong demand. The case of Anaheim illustrates that an increase in listings does not immediately translate to a buyer's market.

The biggest factor supporting this trend is Disneyland Resort. The resort generates an annual economic impact of $16.1 billion across Southern California and supports over 102,000 jobs directly and indirectly. In 2025, it recorded 26.5 million visitors, leading to visitor spending of $6.8 billion and a total economic impact of $10.4 billion. According to the Disneyland Forward plan approved in May 2024, Disney is set to invest over $1.9 billion in expansion-related projects, with construction of a 6,000-space parking structure and transportation hub expected to begin in the fall of 2026. As long as these large-scale investments continue, the demand for housing in Anaheim is unlikely to decline in the short term.

For families considering residency, school districts are also an important factor to examine. Areas like Anaheim Hills, which have relatively high GreatSchools ratings, are known to be popular among Korean families. However, school district boundaries can change frequently, so it is essential to verify the assigned school for a specific address before purchasing.

What homeowners and investors need to consider can differ slightly. Homeowners should prioritize commute distance and school districts, and it may be worth comparing areas like West Anaheim, which have relatively lower price burdens. Investors should simulate short-term rental demand fluctuations based on peak and off-peak tourist seasons and calculate the cap rate for potential long-term rentals to help mitigate risks. Families considering both condos and single-family homes should also check the management fee structure. Condos incur additional monthly HOA fees, which must be included in the total ownership cost to accurately assess the financial burden.

From an investment perspective, it is important to consider the city's reliance on tourism. While visitor spending is currently strong, leading to stable rental demand, economic slowdowns or declines in travel sentiment could impact short-term rental income. Calculating the cap rate and cash flow can help gauge returns against actual investment capital, and it is advisable to avoid excessive leverage.

Families moving from out of state should also note that property taxes and insurance rates in California may feel higher than in their previous locations. Since assessment methods vary by county, it is necessary to check before purchasing. With 30-year fixed mortgage rates hovering around 6.6% according to Freddie Mac, the delay in sales by existing homeowners who secured loans during lower interest periods is also a factor contributing to the slow recovery of listings. This article does not constitute investment or legal advice, and it is recommended to consult with professionals before making any contracts.