Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 256,927, 87,235 total housing units (homes and apartments), and a median house value of $834,212, 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.
Large apartment complexes or high rise apartments are the single most common housing type in Irvine, accounting for 38.73% of the city's housing units. Other types of housing that are prevalent in Irvine include single-family detached homes ( 35.72%), row houses and other attached homes ( 17.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.89%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
People in Irvine primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Irvine has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Irvine built from 1970 to 1999 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 between 2000 and later ( 36.60%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.46%).
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 5.74%, which ranks in the top 40% nationwide. This equates to an annual average Irvine house appreciation rate of 0.56%.
NeighborhoodScout's data show that during the latest twelve months, Irvine's appreciation rate, at 5.28%, has been at or slightly above the national average. In the latest quarter, Irvine's appreciation rate has been 1.99%, which annualizes to a rate of 8.20%.
Importantly, this makes Irvine one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Irvine's latest annual appreciation rate is lower than 80% 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 2000, to assist you in making the best Irvine real estate investment or home purchase decisions.
|$933,001 - $1,243,000||22.0|
|$622,001 - $933,000||34.6|
|$497,001 - $622,000||12.0|
|$373,001 - $497,000||8.4|
|$249,001 - $373,000||4.4|
|$124,001 - $249,000||1.9|
|$62,001 - $124,000||0.8|
|$0 - $62,000||1.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Irvine HOMES|
|2000 or Newer||36.6|
|1970 - 1999||58.7|
|1940 - 1969||4.5|
|1939 or Older||0.3|
|TYPE OF Irvine HOMES|
|Small Apt. Buildings||6.9|
|SIZE OF Irvine HOMES|
|5 or more bedrooms||4.95|