Measured Value: Laguna Beach $965/square foot

On the ocean side of Coast Highway, this single-story cottage on Circle Way has three bedrooms and four baths in 3,000 square feet. The updated 1947 home, listed at $2.9 million, has a kitchen with white cabinets and a family room with a skylight and fireplace. On the lower level is a garage for two cars and an artist’s studio with a separate entrance. Listing agent: Jon Flagg, 949-533-7878

How much is a single square foot of home worth in Orange County? While it can be as much as $10,000 on rare occasions in Laguna Beach, or a couple hundred dollars elsewhere, the county’s median sales price is $335 per square foot—and rising.

Zillow’s economists predict a 5 percent jump in local home values this year, compared with 3 percent nationwide, says Svenja Gudell, the real estate website’s director of economic research. “Orange County is certainly one of the more expensive counties in California, and the nation as a whole,” she says. The local median home’s price per square foot outpaces the state’s by $99, and nearly triples the national median of $118.

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