Irvine, CA—92604
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Irvine, CA
As of Oct '25, the median home price in Irvine, CA is $1,367,000, with a year-over-year change of 0.9%. This indicates that home prices in Irvine, CA are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,367,000 | 0.9% |
| Single Family | $1,498,000 | -0.4% |
| Condos | $1,012,000 | 0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $903,000 | 0.1% |
3 Bed | $1,284,000 | 0.1% |
4 Bed | $1,686,000 | 0.1% |
| 5 Bed | $1,938,000 | -0.5% |
% of Housing Stock
Rental Trends — Irvine, CA
As of July '25, Rentcast reports the average rent in Irvine, CA is $4,280, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Irvine, CA is studios: $2,370, 1-bedrooms: $2,420, 2-bedrooms: $3,490, 3-bedrooms: $4,500, 4-bedrooms: $5,590. The most common rental property sizes in Irvine, CA are 2-bedroom and 3-bedroom, accounting for 35.9% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,400 | $4,280 |
| Studio Rent | $2,380 | $2,370 |
| 1 Bed Rent | $2,500 | $2,420 |
| 2 Bed Rent | $3,380 | $3,490 |
| 3 Bed Rent | $4,450 | $4,500 |
| 4 Bed Rent | $5,300 | $5,590 |
% of Rental Stock
Property Listings — Irvine, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Irvine, CA is 66. This is a increase of 43.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,250,000 | -16.0% |
Listing Count | 44 | 26.0% |
| Listings as % of Homes | 0.1% | 26.0% |
Days on Market | 66 | 43.0% |
Demographics — Irvine, CA
As of the latest ACS Survey released in 2023, Irvine, CA has a population of 27,800, which has decreased by -3.7% over the past 5 years. Irvine, CA is a moderately popular place for families, as children make up 20.5% of the population. The area has a highly educated workforce, with 64.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,800 | -3.7% |
% Under 18 | 20.5% | -12.0% |
% Seniors | 21.3% | 33.1% |
% WFH | 21.6% | 151.2% |
% w/ College Degree | 64.8% | 3.7% |
As of the latest ACS Survey released in 2023, Irvine, CA is a predominantly white area, with 47.6% of the population identifying as white. The white population has grown by 4.2% in the last 5 years. The second most common race or ethnicity in Irvine, CA is asian, making up 31.8% of the population. Foreign-born residents account for 38.4% of the population in Irvine, CA, and this percentage has increased by 6.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 47.6% | 4.2% |
% Black | 1.4% | -12.5% |
% Hispanic | 11.9% | -0.8% |
% Asian | 31.8% | -10.2% |
% Foreign Born | 38.4% | 6.7% |
Mortgage and Risk — Irvine, CA
According to HUD data as of 2023, there were 134 mortgage originations in Irvine, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 41.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Irvine, CA. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 134 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Irvine, CA
As of 2024, the percent of homes in Irvine, CA under the Section 8 program is 9.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Irvine, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 321 |
Total Units Section 8 | 321 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 91.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $2,500 | $2,980 |
| 2 Bedroom | $150 | $3,380 | $3,530 |
| 3 Bedroom | $330 | $4,450 | $4,780 |
| 4 Bedroom | $410 | $5,300 | $5,710 |
Affordability — Irvine, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.3 |
| Median Home Price | $1,367,000 |
| Median Household Income | $128,000 |