The housing market in Newport Beach, CA (92657) is one of the strongest real estate markets in the country. The median value of homes in this area is significantly higher than the national average, at $3,835,200 compared to the US median value of $338,100. Furthermore, over the past year Newport Beach has seen a 14.67% appreciation rate which is considerably higher than the 8.27% rate of home appreciation across the United States. This city has become a destination for those looking for a luxury waterfront property and an investment opportunity that provides strong returns over time.
The median home cost in Newport Beach (zip 92657) is $3,835,200. Home appreciation the last 10 years has been 109.2%. Home Appreciation in Newport Beach (zip 92657) is up 22.3%.
Average Age of Homes
- The median age of Newport Beach (zip 92657) real estate is 19 years old
The Rental Market in Newport Beach (zip 92657)
- Renters make up 24.8% of the Newport Beach (zip 92657) population
- 0.9% of houses and apartments in Newport Beach (zip 92657), 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.