The housing market in 92620 Irvine, CA is an incredibly hot market. The median value of housing in this area is $1,283,000, almost four times the US House Median Value of $338,100. In the past year alone, the US House Appreciation has been 8.27%, while the appreciation in 92620 Irvine, CA has been 14.67%. This shows that there is significant demand for homes in this area and that prices are rising quickly. It's an excellent time to invest in this area if you're looking to purchase a home or rent it out for a profit.
The median home cost in Irvine (zip 92620) is $1,283,000. Home appreciation the last 10 years has been 109.2%. Home Appreciation in Irvine (zip 92620) is up 22.3%.
Average Age of Homes
- The median age of Irvine (zip 92620) real estate is 19 years old
The Rental Market in Irvine (zip 92620)
- Renters make up 36.2% of the Irvine (zip 92620) population
- 2.7% of houses and apartments in Irvine (zip 92620), 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.