Irvine, CA—92614
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 $1,222,000, with a year-over-year change of 3.6%. This indicates that home prices in Irvine, CA are increasing. 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 | $1,222,000 | 3.7% |
| Single Family | $1,559,000 | 3.7% |
| Condos | $954,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $627,000 | 2.5% |
2 Bed | $858,000 | 1.8% |
3 Bed | $1,295,000 | 2.6% |
4 Bed | $1,811,000 | 4.6% |
| 5 Bed | $2,001,000 | 4.4% |
% of Housing Stock
Rental Trends — Irvine, CA
As of July '25, Rentcast reports the average rent in Irvine, CA is $3,430, with a year-over-year rent change of -5.2%. Per bedroom, the median rent as of July '25 in Irvine, CA is studios: $2,530, 1-bedrooms: $2,730, 2-bedrooms: $3,560, 3-bedrooms: $4,560, 4-bedrooms: $5,480. The most common rental property sizes in Irvine, CA are 2-bedroom and 1-bedroom, accounting for 39.0% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,210 | $3,430 |
| Studio Rent | $2,440 | $2,530 |
| 1 Bed Rent | $2,690 | $2,730 |
| 2 Bed Rent | $3,470 | $3,560 |
| 3 Bed Rent | $4,500 | $4,560 |
| 4 Bed Rent | $5,400 | $5,480 |
% 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 58. This is a increase of 36.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,110,000 | -17.0% |
Listing Count | 46 | 60.0% |
| Listings as % of Homes | 0.2% | 60.0% |
Days on Market | 58 | 36.0% |
Demographics — Irvine, CA
As of the latest ACS Survey released in 2023, Irvine, CA has a population of 29,600, which has increased by 11.0% over the past 5 years. Irvine, CA is a moderately popular place for families, as children make up 22.0% of the population. The area has a highly educated workforce, with 67.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,600 | 11.0% |
% Under 18 | 22.0% | -0.9% |
% Seniors | 10.4% | 14.3% |
% WFH | 22.3% | 243.1% |
% w/ College Degree | 67.2% | 2.6% |
As of the latest ACS Survey released in 2023, Irvine, CA is a predominantly white area, with 44.2% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Irvine, CA is asian, making up 29.4% of the population. Foreign-born residents account for 34.5% of the population in Irvine, CA, and this percentage has decreased by 17.5% 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 | 44.2% | -2.2% |
% Black | 4.7% | 291.7% |
% Hispanic | 10.9% | 1.9% |
% Asian | 29.4% | -22.2% |
% Foreign Born | 34.5% | -17.5% |
Mortgage and Risk — Irvine, CA
According to HUD data as of 2023, there were 116 mortgage originations in Irvine, CA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Irvine, CA. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 116 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 4.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Irvine, CA
As of 2024, the percent of homes in Irvine, CA under the Section 8 program is 5.4%. 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 | 418 |
Total Units Section 8 | 418 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | 89.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $2,690 | $2,970 |
| 2 Bedroom | $40 | $3,470 | $3,510 |
| 3 Bedroom | $250 | $4,500 | $4,750 |
| 4 Bedroom | $270 | $5,400 | $5,670 |
Affordability — Irvine, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.1 |
| Median Home Price | $1,222,000 |
| Median Household Income | $121,000 |