Irvine, CA—92620
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 $1,688,000, with a year-over-year change of 2.7%. This indicates that home prices in Irvine, CA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,688,000 | 2.7% |
| Single Family | $1,931,000 | 1.6% |
| Condos | $1,301,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $560,000 | 0.7% |
2 Bed | $1,004,000 | 1.5% |
3 Bed | $1,487,000 | 2.1% |
4 Bed | $2,049,000 | 1.2% |
| 5 Bed | $2,669,000 | 1.7% |
% of Housing Stock
Rental Trends — Irvine, CA
As of July '25, Rentcast reports the average rent in Irvine, CA is $4,050, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Irvine, CA is studios: $2,280, 1-bedrooms: $2,720, 2-bedrooms: $3,560, 3-bedrooms: $4,940, 4-bedrooms: $6,100. The most common rental property sizes in Irvine, CA are 2-bedroom and 1-bedroom, accounting for 33.6% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,460 | $4,050 |
| Studio Rent | $2,050 | $2,280 |
| 1 Bed Rent | $2,680 | $2,720 |
| 2 Bed Rent | $3,400 | $3,560 |
| 3 Bed Rent | $4,900 | $4,940 |
| 4 Bed Rent | $5,800 | $6,100 |
% 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 57. 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,900,000 | -4.0% |
Listing Count | 118 | 34.0% |
| Listings as % of Homes | 0.2% | 34.0% |
Days on Market | 57 | 27.0% |
Demographics — Irvine, CA
As of the latest ACS Survey released in 2023, Irvine, CA has a population of 61,700, which has increased by 26.1% over the past 5 years. Irvine, CA is a popular place for families, as children make up 26.9% of the population. The area has a highly educated workforce, with 71.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 61,700 | 26.1% |
% Under 18 | 26.9% | 3.9% |
% Seniors | 10.6% | -2.8% |
% WFH | 28.9% | 155.8% |
% w/ College Degree | 71.7% | 2.1% |
As of the latest ACS Survey released in 2023, Irvine, CA is a predominantly asian area, with 59.2% of the population identifying as asian. The asian population has grown by 11.7% in the last 5 years. The second most common race or ethnicity in Irvine, CA is white, making up 25.7% of the population. Foreign-born residents account for 43.2% of the population in Irvine, CA, and this percentage has decreased by 1.8% 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 | 25.7% | -25.5% |
% Black | 1.6% | 14.3% |
% Hispanic | 8.3% | 27.7% |
% Asian | 59.2% | 11.7% |
% Foreign Born | 43.2% | -1.8% |
Mortgage and Risk — Irvine, CA
According to HUD data as of 2023, there were 46 mortgage originations in Irvine, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 35.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Irvine, CA. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 46 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Irvine, CA
As of 2024, the percent of homes in Irvine, CA under the Section 8 program is 5.1%. 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 | 468 |
Total Units Section 8 | 468 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 87.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $570 | $2,680 | $3,250 |
| 2 Bedroom | $450 | $3,400 | $3,850 |
| 3 Bedroom | $310 | $4,900 | $5,210 |
| 4 Bedroom | $420 | $5,800 | $6,220 |
Affordability — Irvine, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.9 |
| Median Home Price | $1,688,000 |
| Median Household Income | $145,000 |