The housing in Newport Beach, CA is much higher than the US median value. The median value for a house in this area is $3,470,300, which is more than ten times the national median of $338,100. In the past year, house appreciation in this area was 14.67%, considerably higher than the 8.27% appreciation rate seen across the country. This shows that the housing market in Newport Beach is particularly strong and desirable for potential homeowners.
The median home cost in Newport Beach (zip 92661) is $3,470,300. Home appreciation the last 10 years has been 109.2%. Home Appreciation in Newport Beach (zip 92661) is up 22.3%.
Average Age of Homes
- The median age of Newport Beach (zip 92661) real estate is 58 years old
The Rental Market in Newport Beach (zip 92661)
- Renters make up 34.8% of the Newport Beach (zip 92661) population
- 11.0% of houses and apartments in Newport Beach (zip 92661), 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.