The housing market in 92660 Newport Beach, CA is thriving. According to the given context, the median value of a house in this area is an impressive $2,349,500 – far above the national average of $338,100. This is further evidence of the strong growth in the area’s housing market; over the past year, houses have appreciated by 14.67%, which is substantially higher than the US 1 year house appreciation rate of 8.27%. With such a high median home value and steady appreciation rate, 92660 Newport Beach CA offers excellent potential for homeowners looking to invest in real estate.
The median home cost in Newport Beach (zip 92660) is $2,349,500. Home appreciation the last 10 years has been 109.2%. Home Appreciation in Newport Beach (zip 92660) is up 22.3%.
Average Age of Homes
- The median age of Newport Beach (zip 92660) real estate is 40 years old
The Rental Market in Newport Beach (zip 92660)
- Renters make up 40.7% of the Newport Beach (zip 92660) population
- 3.4% of houses and apartments in Newport Beach (zip 92660), 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.