Tustin, California Housing Market

What stands out in Tustin?

• 3.2% of homes are vacant: among the lowest vacancy of 765 tracked cities. Empty homes are scarce, so well-priced rentals fill.
• The median asking price is $1,072,867: one of the priciest of 765 tracked cities. Entry costs are high, so cash flow is harder. Price growth has to do more of the work.

How deep is Tustin's renter pool?

50% of occupied homes in Tustin's ZIP codes are rented, more than in 88% of the cities we track. HUD's county-wide fair market rent for 2 bedrooms is $3,236 a month, including utilities. A deep renter pool shortens vacancy. It also means you compete with other landlords on condition and price.

What is the fair market rent in Tustin?

HUD sets one fair market rent for Orange County. For fiscal year 2026:

• 1 bedroom: $2,746 a month. Up 12% on last year, up 107% since FY2016.
• 2 bedrooms: $3,236 a month. Up 11% on last year, up 94% since FY2016.
• 3 bedrooms: $4,393 a month. Up 12% on last year, up 89% since FY2016.
• 4 bedrooms: $5,246 a month. Up 12% on last year, up 107% since FY2016.

The figures include tenant-paid utilities and apply to all of Orange County, so one home's rent can sit well above or below them. See fair market rent by city.

Who will rent from you in Tustin?

Most Tustin households rent. 50 out of every 100 households are renters. The renter share is growing. Five years ago it was 48 in 100. Tustin added about 2,100 renter households in five years. Renter households here average 2.9 people. Families rent here. Buy bedrooms. Studios will sit.

Households grew 11% in five years. The housing stock grew 9%. Demand is outrunning supply. Just 3.2% of homes sit empty. A well-priced rental fills fast here.

The median Tustin household earns $118,685 a year. Incomes here have grown 6.1% a year since 2019. Incomes and home prices are rising in step. A typical home costs 9.0 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. At 30% of income, a tenant on the median income can pay about $2,967 a month.

To see what one Tustin address would rent for and cash flow, run it through the app.

Is now a good time to buy in Tustin?

The median asking price is 24.1% below its Nov 2024 peak. Per square foot the gap is smaller: 8.4% below the Mar 2025 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Tustin prices have risen in 92 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

How does Tustin compare with other California markets?

Ranked among the 141 California markets we track:

• Asking price: 39th priciest of 141. Tustin is at $1,072,867. Closest: Livermore and Diamond Bar.
• Buyer competition: 32nd least competitive of 138. Tustin is at 0.33 buyers per home. Closest: Encinitas and Tracy.
• Time on market: 64th shortest time on market of 141. Tustin is at a median of 49 days on market. Closest: Escondido and Chino.
• Price cuts: 21st most price cuts of 141. Tustin is at 24% of sellers cutting. Closest: Roseville and Folsom.

What numbers should you underwrite a Tustin deal with?

• Price growth to assume — +5.8%/yr. Tustin has grown about 6.0% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices fell 4.5% over the last year. Use it for timing. The five-year rate is the better guide.
• Odds you cut your price to sell — 1 in 4. 24% of Tustin listings have cut their asking price. Underwrite your exit below asking.
• Competition when you exit — +24%. Homes for sale in Tustin are up 24% on last year, so your resale faces more competition than today's comps did.

Read whether a market fits Section 8 tenants and how we read these numbers, then run the numbers on a deal.

What is the median home price in Tustin?

The median asking price in Tustin is about $1,073,000 as of Sep 2026, down 1.7% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Tustin figures cover the 3 ZIP codes with a Tustin mailing address, which can reach past city limits.

Is Tustin a buyer's or seller's market in 2026?

Neither side has the upper hand in Tustin right now. We compare Tustin with 2017–2019 at this time of year: there are 33 pending sales per 100 listings, against 56 then; the typical listing has been up 10% more days; there are 3% fewer homes for sale.

Are Tustin home prices going up or down?

The median asking price is 24.1% below its Nov 2024 peak. Per square foot the gap is smaller: 8.4% below the Mar 2025 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What is the best month to buy a house in Tustin?

Across 9 full years, Tustin asking prices ran lowest in February, about 3.0% below the year's average. They peaked in November. The most homes for sale show up in August, about 25% above the yearly average.

What is the fair market rent in Tustin?

HUD's fiscal year 2026 fair market rent for Orange County is $3,236 a month for 2 bedrooms and $4,393 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.