Irvine, CA—92618
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 $1,595,000, with a year-over-year change of 0.5%. This indicates that home prices in Irvine, CA are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,595,000 | 0.5% |
| Single Family | $2,147,000 | -0.8% |
| Condos | $1,370,000 | -1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $596,000 | -2.3% |
2 Bed | $979,000 | -1.0% |
3 Bed | $1,415,000 | -1.1% |
4 Bed | $2,018,000 | -1.1% |
| 5 Bed | $3,616,000 | 0.2% |
% of Housing Stock
Rental Trends — Irvine, CA
As of July '25, Rentcast reports the average rent in Irvine, CA is $3,930, with a year-over-year rent change of 1.8%. Per bedroom, the median rent as of July '25 in Irvine, CA is studios: $2,680, 1-bedrooms: $2,930, 2-bedrooms: $3,740, 3-bedrooms: $4,910, 4-bedrooms: $6,380. The most common rental property sizes in Irvine, CA are 2-bedroom and 1-bedroom, accounting for 35.8% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,480 | $3,930 |
| Studio Rent | $2,640 | $2,680 |
| 1 Bed Rent | $2,920 | $2,930 |
| 2 Bed Rent | $3,620 | $3,740 |
| 3 Bed Rent | $4,850 | $4,910 |
| 4 Bed Rent | $6,000 | $6,380 |
% 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 69. This is a increase of 50.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,740,000 | -8.0% |
Listing Count | 310 | 67.0% |
| Listings as % of Homes | 0.5% | 67.0% |
Days on Market | 69 | 50.0% |
Demographics — Irvine, CA
As of the latest ACS Survey released in 2023, Irvine, CA has a population of 62,300, which has increased by 43.8% over the past 5 years. Irvine, CA is a moderately popular place for families, as children make up 24.8% of the population. The area has a highly educated workforce, with 72.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 62,300 | 43.8% |
% Under 18 | 24.8% | 4.6% |
% Seniors | 8.1% | 14.1% |
% WFH | 28.6% | 244.6% |
% w/ College Degree | 72.5% | 10.0% |
As of the latest ACS Survey released in 2023, Irvine, CA is a predominantly asian area, with 48.1% of the population identifying as asian. The asian population has grown by 12.9% in the last 5 years. The second most common race or ethnicity in Irvine, CA is white, making up 33.1% of the population. Foreign-born residents account for 41.7% of the population in Irvine, CA, and this percentage has decreased by 1.2% 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 | 33.1% | -21.2% |
% Black | 1.5% | -44.4% |
% Hispanic | 11.2% | 38.3% |
% Asian | 48.1% | 12.9% |
% Foreign Born | 41.7% | -1.2% |
Mortgage and Risk — Irvine, CA
Irvine, CA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 0 |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Irvine, CA
As of 2024, the percent of homes in Irvine, CA under the Section 8 program is 2.1%. 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 | 308 |
Total Units Section 8 | 308 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 85.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $2,920 | $3,320 |
| 2 Bedroom | $310 | $3,620 | $3,930 |
| 3 Bedroom | $470 | $4,850 | $5,320 |
| 4 Bedroom | $350 | $6,000 | $6,350 |
Affordability — Irvine, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.3 |
| Median Home Price | $1,595,000 |
| Median Household Income | $136,000 |