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These days, finding an affordable place to live in the Irvine area can be challenging. Home prices in Irvine are now at a median cost of $1,237,485, higher than the California average of $812,006.
The average cost of rent is $2,979/mo in Irvine, primarily driven by the current value of real estate in the Irvine area. In Irvine, 56.07% of households rent, and 34.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Irvine is $12,692 per month. Households that rent pay about 23.47% of their income on rent here. Irvine’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tustin, CA: less expensive homes
- North Tustin, CA: higher priced homes
- Newport Coast, CA: higher priced homes
- Laguna Woods, CA: less expensive homes
- Lake Forest, CA: less expensive homes
- Foothill Ranch, CA: equally priced homes
- Santa Ana, CA: less expensive homes
- Top-of-the-World, CA: equally priced homes
- Corona Del Mar, CA: higher priced homes
- Newport Beach, CA: higher priced homes
Cities with Similar Populations
- Southfield, MI: less expensive homes
- Spring, TX: less expensive homes
- Spring Hill, FL: less expensive homes
- St. Cloud, MN: less expensive homes
- Spartanburg, SC: less expensive homes
- Sparks, NV: less expensive homes
- Spokane Valley, WA: less expensive homes
- Spokane, WA: less expensive homes
- St. Charles, MO: less expensive homes
- Springdale, AR: less expensive homes
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