The housing market in 92663 Newport Beach, CA is booming. According to data from the US, the median value of a house in this region is $2,256,900 - far more than the national average of $338,100. Over the last year alone, real estate appreciation in this area has been even higher than the national average at 14.67%. This high rate of appreciation means that anyone investing in a property here will likely see a great return on their investment over time. With these numbers it's easy to see why so many people are looking for homes or other properties in this area of California.
The median home cost in Newport Beach (zip 92663) is $2,256,900. Home appreciation the last 10 years has been 109.2%. Home Appreciation in Newport Beach (zip 92663) is up 22.3%.
Average Age of Homes
- The median age of Newport Beach (zip 92663) real estate is 47 years old
The Rental Market in Newport Beach (zip 92663)
- Renters make up 46.8% of the Newport Beach (zip 92663) population
- 5.9% of houses and apartments in Newport Beach (zip 92663), 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.