The housing market in 92604 Irvine, CA is particularly strong compared to the national average. The median value for houses in the area stands at $1,016,200, which is significantly higher than the US House Median Value of $338,100. In addition to this, the 1 year House Appreciation rate in 92604 Irvine is 14.67%, much higher than the US 1 year House Appreciation of 8.27%. This indicates that not only are houses in this area more expensive than those across the country but they are also appreciating faster in value as well - making it a very attractive place to invest.
The median home cost in Irvine (zip 92604) is $1,016,200. Home appreciation the last 10 years has been 109.2%. Home Appreciation in Irvine (zip 92604) is up 22.3%.
Average Age of Homes
- The median age of Irvine (zip 92604) real estate is 41 years old
The Rental Market in Irvine (zip 92604)
- Renters make up 37.6% of the Irvine (zip 92604) population
- 0.8% of houses and apartments in Irvine (zip 92604), 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.