The Most Affordable Neighborhoods in Lower Peters Canyon, Irvine, CA by Home Value

 

Lower Peters Canyon, Irvine, CA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lower Peters Canyon area can be challenging. Home prices in Lower Peters Canyon are now at a median cost of $923,087, lower than the Irvine average of $943,995.

The average cost of rent is $2,885/mo in Lower Peters Canyon, primarily driven by the current value of real estate in the Lower Peters Canyon area. While nearly 39.31% of residents own their homes outright in Lower Peters Canyon, 45.23% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lower Peters Canyon is $11,968 per month. Households that rent pay about 24.11% of their income on rent here. Lower Peters Canyon's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the neighborhood.


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