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34 <br /> HOUSING IN ORANGE COUNTY <br /> New Housing is Unaffordable to Most Residents, <br /> But Can Allow " Filtering" of Older Units <br /> Estimated share of Orange County households that could afford a median home, by year <br /> housing unit constructed <br /> Less than a third of <br /> 50% Orange County <br /> 40% households can afford <br /> 30% the cost of a recently <br /> 20% constructed home <br /> 10% ($638,000). <br /> 0% <br /> &ip �ptippptipq <br /> �q <br /> rp --C11 '.,q <br /> 01 ,,o ,gyp p,'o o �o ,10 o <br /> qCbop � p <br /> " ti <br /> Year housing unit built <br /> • U R 0 A N I N S T I T U T E Source: US Census ACS 2020-24.Assumes mortgage rate of 5.8%;20%downpayment;0 other debts. <br />