The housing market in 92625 Newport Beach, CA is very robust. According to the data, the median value of a house in this area is over three million dollars, which is significantly higher than the US median value of $338,100. In the past year, the appreciation rate for homes in this area was 14.67%, which is more than double the US average of 8.27%. This area has seen a dramatic rise in its property values over the last year, making it an attractive location for those looking to invest in real estate.
The median home cost in Newport Beach (zip 92625) is $3,177,600. Home appreciation the last 10 years has been 109.2%. Home Appreciation in Newport Beach (zip 92625) is up 22.3%.
Average Age of Homes
- The median age of Newport Beach (zip 92625) real estate is 45 years old
The Rental Market in Newport Beach (zip 92625)
- Renters make up 31.1% of the Newport Beach (zip 92625) population
- 3.7% of houses and apartments in Newport Beach (zip 92625), 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.