Irvine appreciation rates and housing market information

Irvine housing market information

With a population of 143,034, 53,712 total housing units (homes and apartments), and a median house value of $666,585, Irvine house prices are not only among the most expensive in California, Irvine real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Irvine, accounting for 39.78% of the city's housing units. Other types of housing that are prevalent in Irvine include large apartment complexes or high rise apartments (26.73%), row houses and other attached homes (24.14%), duplexes, homes converted to apartments, or other small apartment buildings (7.46%), and a few mobile homes or trailers (1.76%).

People in Irvine primarily live in small (one, two, or no bedroom) single-family detached homes. Irvine has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Irvine built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Irvine built from 1995 and later (16.81%). A lesser amount of the housing stock also hails from 1940-1969 (5.83%), and some were built from 1939 and earlier (5.83%).

Irvine home appreciation rates

Appreciation rates for homes in Irvine have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.73%, which ranks in the top 20% nationwide. This equates to an annual average Irvine house appreciation rate of 10.57%.

Over the last year, Irvine appreciation rates have trailed the rest of the nation. In the last twelve months, Irvine's appreciation rate has been -14.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Irvine were at -0.86%, which equates to an annual appreciation rate of -3.44%.

Notably, Irvine's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Irvine's latest annual appreciation rate is higher than 59% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Irvine differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Irvine - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Irvine real estate investment or home purchase decisions.