The housing market in Irvine, CA is booming. The median value of homes in the city is over $1 million, significantly more than the national median home value of $338,100. In the last year there has been an impressive 8.27% appreciation rate nationally, while the rate in Irvine was even higher at 14.67%. With its highly desirable location and excellent amenities, it's no surprise that Irvine continues to be a popular place to buy real estate.
The median home cost in Irvine is $1,128,000. Home appreciation the last 10 years has been 109.2%. Home Appreciation in Irvine is up 22.3%.
Average Age of Homes
- The median age of Irvine real estate is 24 years old
The Rental Market in Irvine
- Renters make up 48.1% of the Irvine population
- 2.2% of houses and apartments in Irvine, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.