Lake Forest, CA Profile: Facts & Data

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Lake Forest, California - Basic Facts

The City of Lake Forest had a population of 88,908 as of July 1, 2023. Lake Forest ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in California. See peer rankings below.

The primary coordinate point for Lake Forest is located at latitude 33.647 and longitude -117.6892 in Orange County. The formal boundaries for the City of Lake Forest encompass a land area of 16.64 sq. miles and a water area of 0.08 sq. miles. Orange County is in the Pacific time zone (GMT -8).

The City of Lake Forest has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

California is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Lake Forest is located within Irvine-Lake Forest CCD of Orange County.


Jump to... (On This Page!)
  1. Lake Forest 2023 Demographic Data
  2. Growth Rates for Lake Forest (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. California Research Tools (Easy Tools & Current Data)
  3. California Data Comparison Tool - 2023 Demographics
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Lake Forest, CA Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 88,908 (100%)
Population in Households 88,489 (99.5%)
Population in Families 75,265 (84.7%)
Population in Group Quarters1 419 ( 0.5%)
Population Density 5,319
Diversity Index2 80
 
 

INCOME

Median Household Income $124,570
Average Household Income $164,131
% of Income for Mortgage4 42%
Per Capita Income $57,010
Wealth Index5 184
Socioeconomic Status Index6 Moderate (53.5)
 

HOUSING

Total HU (Housing Units) 31,908 (100%)
Owner Occupied HU 21,795 (68.3%)
Renter Occupied HU 9,082 (28.5%)
Vacant Housing Units 1,031 ( 3.2%)
Median Home Value $869,876
Average Home Value $918,157
Housing Affordability Index3 60
 

HOUSEHOLDS

Total Households 30,877
Average Household Size 2.87
Family Households 23,129
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 1.08% 0.04%
Households 1.17% 0.19%
Families   0.19%
Median Household Income   2.98%
Per Capita Income   2.70%
Owner Occupied HU   0.30%

Lake Forest, CA - Peer Comparisons by Rank and Percentile

The table below compares Lake Forest to the other 1,611 incorporated cities, towns and CDPs in California by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 96 94th
Population Density # 234 86th
Median Household Income # 210 87th
Housing Affordability Index # 903 56th
Per Capita Income # 356 78th
Diversity Index # 403 75th

Additional comparisons and rankings can be made with a VERY EASY TO USE California Census Data Comparison Tool.

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