Irvine, CA—92603
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 $2,270,000, with a year-over-year change of 6.5%. 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 | $2,270,000 | 6.5% |
| Single Family | $2,940,000 | 6.1% |
| Condos | $1,366,000 | 4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,128,000 | 4.6% |
3 Bed | $1,738,000 | 5.5% |
4 Bed | $2,883,000 | 5.7% |
| 5 Bed | $4,557,000 | 3.8% |
% of Housing Stock
Rental Trends — Irvine, CA
As of July '25, Rentcast reports the average rent in Irvine, CA is $3,980, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Irvine, CA is 1-bedrooms: $2,820, 2-bedrooms: $3,810, 3-bedrooms: $5,160, 4-bedrooms: $6,660. The most common rental property sizes in Irvine, CA are 2-bedroom and 3-bedroom, accounting for 43.5% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,540 | $3,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,800 | $2,820 |
| 2 Bed Rent | $3,800 | $3,810 |
| 3 Bed Rent | $4,750 | $5,160 |
| 4 Bed Rent | $6,500 | $6,660 |
% 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 82. This is a increase of 29.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,720,000 | -31.0% |
Listing Count | 52 | 15.0% |
| Listings as % of Homes | 0.4% | 15.0% |
Days on Market | 82 | 29.0% |
Demographics — Irvine, CA
As of the latest ACS Survey released in 2023, Irvine, CA has a population of 19,300, which has decreased by -2.0% over the past 5 years. Irvine, CA is a moderately popular place for families, as children make up 18.9% of the population. The area has a highly educated workforce, with 75.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,300 | -2.0% |
% Under 18 | 18.9% | -27.0% |
% Seniors | 15.9% | 13.6% |
% WFH | 30.0% | 500.0% |
% w/ College Degree | 75.0% | -6.0% |
As of the latest ACS Survey released in 2023, Irvine, CA is a predominantly white area, with 47.2% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Irvine, CA is asian, making up 39.8% of the population. Foreign-born residents account for 37.0% of the population in Irvine, CA, and this percentage has increased by 12.1% 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 | 47.2% | -6.0% |
% Black | 0.3% | -40.0% |
% Hispanic | 8.6% | 7.5% |
% Asian | 39.8% | 7.6% |
% Foreign Born | 37.0% | 12.1% |
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 1.2%. 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. 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 | 38 |
Total Units Section 8 | 38 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $760 | $2,800 | $3,560 |
| 2 Bedroom | $410 | $3,800 | $4,210 |
| 3 Bedroom | $950 | $4,750 | $5,700 |
| 4 Bedroom | $310 | $6,500 | $6,810 |
Affordability — Irvine, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.7 |
| Median Home Price | $2,270,000 |
| Median Household Income | $192,000 |