Irvine, CA—92612
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 $1,190,000, with a year-over-year change of 3.3%. This indicates that home prices in Irvine, CA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,190,000 | 3.3% |
| Single Family | $1,401,000 | 0.6% |
| Condos | $1,012,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $663,000 | 0.9% |
2 Bed | $1,030,000 | 2.3% |
3 Bed | $1,400,000 | 1.2% |
4 Bed | $1,750,000 | 1.0% |
| 5 Bed | $2,133,000 | 0.0% |
% of Housing Stock
Rental Trends — Irvine, CA
As of July '25, Rentcast reports the average rent in Irvine, CA is $3,610, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Irvine, CA is studios: $2,680, 1-bedrooms: $2,910, 2-bedrooms: $3,790, 3-bedrooms: $4,690, 4-bedrooms: $5,540. The most common rental property sizes in Irvine, CA are 2-bedroom and 1-bedroom, accounting for 47.4% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,450 | $3,610 |
| Studio Rent | $2,650 | $2,680 |
| 1 Bed Rent | $2,820 | $2,910 |
| 2 Bed Rent | $3,740 | $3,790 |
| 3 Bed Rent | $4,700 | $4,690 |
| 4 Bed Rent | $5,300 | $5,540 |
% 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 65. This is a increase of 27.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,190,000 | 2.0% |
Listing Count | 97 | 40.0% |
| Listings as % of Homes | 0.2% | 40.0% |
Days on Market | 65 | 27.0% |
Demographics — Irvine, CA
As of the latest ACS Survey released in 2023, Irvine, CA has a population of 33,700, which has increased by 4.2% over the past 5 years. Irvine, CA is a less popular place for families, as children make up 12.4% of the population. The area has a highly educated workforce, with 66.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,700 | 4.2% |
% Under 18 | 12.4% | 13.8% |
% Seniors | 11.3% | -1.7% |
% WFH | 23.3% | 177.4% |
% w/ College Degree | 66.6% | -0.6% |
As of the latest ACS Survey released in 2023, Irvine, CA is a predominantly white area, with 44.7% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Irvine, CA is asian, making up 37.3% of the population. Foreign-born residents account for 38.8% of the population in Irvine, CA, and this percentage has decreased by 3.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 44.7% | -2.6% |
% Black | 2.3% | -32.4% |
% Hispanic | 9.6% | -20.0% |
% Asian | 37.3% | 2.2% |
% Foreign Born | 38.8% | -3.5% |
Mortgage and Risk — Irvine, CA
According to HUD data as of 2023, there were 167 mortgage originations in Irvine, CA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Irvine, CA. Investor activity is low, as 10.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 167 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 10.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Irvine, CA
As of 2024, the percent of homes in Irvine, CA under the Section 8 program is 4.3%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Irvine, CA, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 446 |
Total Units Section 8 | 446 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 87.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $2,820 | $3,040 |
| 2 Bedroom | -$150 | $3,740 | $3,590 |
| 3 Bedroom | $160 | $4,700 | $4,860 |
| 4 Bedroom | $500 | $5,300 | $5,800 |
Affordability — Irvine, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.8 |
| Median Home Price | $1,190,000 |
| Median Household Income | $95,900 |