Irvine CA

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Irvine, CA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Irvine Housing Market Information

With 282,572 people, 95,371 houses or apartments, and a median cost of homes of $875,722, 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 ( 37.20%), row houses and other attached homes ( 17.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.00%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and 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 ( 41.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.41%).

Irvine Home Appreciation Rates

In the last 10 years, Irvine has experienced some of the highest home appreciation rates of any community in the nation. Irvine real estate appreciated 58.01% over the last ten years, which is an average annual home appreciation rate of 4.68%, putting Irvine in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Irvine definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 2.09%, 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 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to California, our data show that Irvine's latest annual appreciation rate is lower than 70% 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
> $1,149,000 20.9
$861,001 - $1,149,000 27.0
$574,001 - $861,000 33.1
$460,001 - $574,000 9.0
$345,001 - $460,000 5.0
$230,001 - $345,000 2.3
$115,001 - $230,000 1.2
$57,001 - $115,000 0.4
$0 - $57,000 1.0

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.78686131386861 17.1690694626474

Number Of Homes And Apartments:

Irvine Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
158.39% 4.86%
* 10 is highest

Rent & Ownership


Average Market Rent:
$3,379 / per month

Homeownership Rate

Owners 45.93
Renters 54.07
Vacant 5.98

Housing Market Details


Age of Homes

2000 or Newer 41.2
1970 - 1999 54.0
1940 - 1969 4.4
1939 or Older 0.4

Types of Homes

Single-Family 37.2
Townhomes 17.0
Small Apt. Buildings 6.0
Apt. Complexes 38.7
Mobile Homes 1.0
Other 0.0

Home Size

No Bedroom 3.60
1 Bedroom 16.23
2 Bedrooms 32.28
3 Bedrooms 26.22
4 Bedrooms 17.09
5 or more bedrooms 4.57