The housing market in 92617 Irvine, CA is significantly higher than the US median value at $671,700. Despite the substantial difference, the appreciation rate in 92617 Irvine, CA is even higher than the national average at 14.67%, compared to 8.27%. This is likely due to its desirable location, as Irvine has been ranked one of the best places to live in America multiple times. With a variety of jobs and amenities within close proximity, it's not surprising that people are willing to pay for homes in this area.
The median home cost in Irvine (zip 92617) is $671,700. Home appreciation the last 10 years has been 109.2%. Home Appreciation in Irvine (zip 92617) is up 22.3%.
Average Age of Homes
- The median age of Irvine (zip 92617) real estate is 21 years old
The Rental Market in Irvine (zip 92617)
- Renters make up 66.2% of the Irvine (zip 92617) population
- 4.0% of houses and apartments in Irvine (zip 92617), 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.