Irvine, CA—92602
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 $1,963,000, with a year-over-year change of 2.3%. 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 | $1,963,000 | 2.3% |
| Single Family | $2,326,000 | 1.2% |
| Condos | $1,261,000 | -0.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,002,000 | -0.5% |
3 Bed | $1,415,000 | 0.9% |
4 Bed | $2,435,000 | 0.8% |
| 5 Bed | $3,329,000 | 0.7% |
% of Housing Stock
Rental Trends — Irvine, CA
As of July '25, Rentcast reports the average rent in Irvine, CA is $4,060, with a year-over-year rent change of 8.6%. Per bedroom, the median rent as of July '25 in Irvine, CA is 1-bedrooms: $2,730, 2-bedrooms: $3,370, 3-bedrooms: $4,740, 4-bedrooms: $7,250. The most common rental property sizes in Irvine, CA are 1-bedroom and 2-bedroom, accounting for 34.2% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,280 | $4,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,700 | $2,730 |
| 2 Bed Rent | $3,290 | $3,370 |
| 3 Bed Rent | $4,500 | $4,740 |
| 4 Bed Rent | $7,000 | $7,250 |
% 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 56. This is a increase of 44.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,020,000 | 6.0% |
Listing Count | 77 | 39.0% |
| Listings as % of Homes | 0.5% | 39.0% |
Days on Market | 56 | 44.0% |
Demographics — Irvine, CA
As of the latest ACS Survey released in 2023, Irvine, CA has a population of 27,400, which has increased by 5.0% over the past 5 years. Irvine, CA is a popular place for families, as children make up 26.5% of the population. The area has a highly educated workforce, with 73.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,400 | 5.0% |
% Under 18 | 26.5% | -17.7% |
% Seniors | 7.4% | -3.9% |
% WFH | 24.6% | 303.3% |
% w/ College Degree | 73.8% | 9.2% |
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 shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Irvine, CA is white, making up 29.0% of the population. Foreign-born residents account for 43.3% of the population in Irvine, CA, and this percentage has increased by 0.7% 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 | 29.0% | -2.7% |
% Black | 0.6% | 100.0% |
% Hispanic | 16.0% | 27.0% |
% Asian | 48.1% | -4.2% |
% Foreign Born | 43.3% | 0.7% |
Mortgage and Risk — Irvine, CA
Irvine, CA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% 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 2.2%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Irvine, CA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 108 |
Total Units Section 8 | 108 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $2,700 | $2,970 |
| 2 Bedroom | $220 | $3,290 | $3,510 |
| 3 Bedroom | $250 | $4,500 | $4,750 |
| 4 Bedroom | -$1,330 | $7,000 | $5,670 |
Affordability — Irvine, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10 |
| Median Home Price | $1,963,000 |
| Median Household Income | $150,000 |