Irvine, CA


Highest Appreciating Irvine Neighborhoods Since 2000

Irvine, CA Real Estate Data

Irvine Housing Market Information

With a population of 256,927, 83,321 total housing units (homes and apartments), and a median house value of $968,571, 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 38.62% of the city's housing units. Other types of housing that are prevalent in Irvine include single-family detached homes ( 35.76%), row houses and other attached homes ( 18.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.30%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

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 ( 35.68%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.35%).

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 4.06%, which ranks in the top 50% nationwide. This equates to an annual average Irvine house appreciation rate of 0.40%.

Appreciation rates are so strong in Irvine that despite a nationwide downturn in the housing market, Irvine real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Irvine appreciation rates continue to be some of the highest in America, at 6.05%, which is higher than appreciation rates in 74.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Irvine. Irvine appreciation rates in the latest quarter were at 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to California, our data show that Irvine's latest annual appreciation rate is lower than 60% 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.

Average Home Values


Median Home Value:


Value Range
> $1,365,000 12.1
$1,024,001 - $1,365,000 21.0
$682,001 - $1,024,000 36.3
$546,001 - $682,000 12.1
$409,001 - $546,000 9.4
$273,001 - $409,000 5.0
$137,001 - $273,000 1.9
$68,001 - $137,000 0.8
$0 - $68,000 1.4

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.25314750834456 12.6816380449141

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$2,418 / per month

Homeownership Rate

Owners 47.59
Renters 52.41
Vacant 5.25

Housing Market Details


Age of Homes

2000 or Newer 35.7
1970 - 1999 59.7
1940 - 1969 4.3
1939 or Older 0.2

Types of Homes

Single-Family 35.8
Townhomes 18.1
Small Apt. Buildings 6.3
Apt. Complexes 38.6
Mobile Homes 1.1
Other 0.1

Home Size

No Bedroom 2.39
1 Bedroom 17.01
2 Bedrooms 32.73
3 Bedrooms 25.74
4 Bedrooms 17.12
5 or more bedrooms 5.02

Irvine Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
133.07% 5.10% 10 10
* 10 is highest