Irvine, CA—92606
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 $1,450,000, with a year-over-year change of 4.2%. This indicates that home prices in Irvine, CA are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,450,000 | 4.2% |
| Single Family | $1,593,000 | 3.2% |
| Condos | $954,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $675,000 | 0.1% |
2 Bed | $896,000 | 1.6% |
3 Bed | $1,277,000 | 2.5% |
4 Bed | $1,644,000 | 3.3% |
| 5 Bed | $2,131,000 | 2.6% |
% of Housing Stock
Rental Trends — Irvine, CA
As of July '25, Rentcast reports the average rent in Irvine, CA is $3,300, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Irvine, CA is studios: $2,400, 1-bedrooms: $2,820, 2-bedrooms: $3,300, 3-bedrooms: $4,370, 4-bedrooms: $5,510. The most common rental property sizes in Irvine, CA are 2-bedroom and 1-bedroom, accounting for 44.4% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,120 | $3,300 |
| Studio Rent | $2,380 | $2,400 |
| 1 Bed Rent | $2,780 | $2,820 |
| 2 Bed Rent | $3,270 | $3,300 |
| 3 Bed Rent | $4,300 | $4,370 |
| 4 Bed Rent | $5,100 | $5,510 |
% 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 48. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 54.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,300,000 | -1.0% |
Listing Count | 26 | 43.0% |
| Listings as % of Homes | 0.0% | 43.0% |
Days on Market | 48 | -2.0% |
Demographics — Irvine, CA
As of the latest ACS Survey released in 2023, Irvine, CA has a population of 24,500, which has remained stable by -0.8% over the past 5 years. Irvine, CA is a moderately popular place for families, as children make up 22.2% of the population. The area has a highly educated workforce, with 66.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,500 | -0.8% |
% Under 18 | 22.2% | -7.1% |
% Seniors | 9.7% | 24.4% |
% WFH | 28.2% | 475.5% |
% w/ College Degree | 66.4% | 2.0% |
As of the latest ACS Survey released in 2023, Irvine, CA is a predominantly asian area, with 44.2% of the population identifying as asian. The asian population has grown by 7.0% in the last 5 years. The second most common race or ethnicity in Irvine, CA is white, making up 31.8% of the population. Foreign-born residents account for 40.3% of the population in Irvine, CA, and this percentage has decreased by 8.2% 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 | 31.8% | -21.3% |
% Black | 1.2% | -65.7% |
% Hispanic | 10.5% | 23.5% |
% Asian | 44.2% | 7.0% |
% Foreign Born | 40.3% | -8.2% |
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 5.9%. 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 | 343 |
Total Units Section 8 | 320 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 85.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $2,780 | $2,960 |
| 2 Bedroom | $230 | $3,270 | $3,500 |
| 3 Bedroom | $440 | $4,300 | $4,740 |
| 4 Bedroom | $560 | $5,100 | $5,660 |
Affordability — Irvine, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $1,450,000 |
| Median Household Income | $141,000 |