Irvine, CA


Highest Appreciating Irvine Neighborhoods Since 2000

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Irvine Housing Market Information

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%).

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 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.

Average Home Values


Median Home Value:


Value Range
> $1,243,000 14.6
$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

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.72272354388843 16.7989417989418

Number Of Homes And Apartments:

Irvine Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
132.98% 5.03% 9 10
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,600 / per month

Homeownership Rate

Owners 46.78
Renters 53.22
Vacant 5.12

Housing Market Details


Age of Homes

2000 or Newer 36.6
1970 - 1999 58.7
1940 - 1969 4.5
1939 or Older 0.3

Types of Homes

Single-Family 35.7
Townhomes 17.4
Small Apt. Buildings 6.9
Apt. Complexes 38.7
Mobile Homes 1.2
Other 0.1

Home Size

No Bedroom 2.46
1 Bedroom 17.36
2 Bedrooms 32.94
3 Bedrooms 25.06
4 Bedrooms 17.22
5 or more bedrooms 4.95