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These days, finding an affordable place to live in the Newport Beach area can be challenging. Home prices in Newport Beach are now at a median cost of $1,765,492, higher than the California average of $812,006.
The average cost of rent is $3,161/mo in Newport Beach, primarily driven by the current value of real estate in the Newport Beach area. In Newport Beach, 52.53% of households rent, and 35.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newport Beach is $14,201 per month. Households that rent pay about 22.26% of their income on rent here. Newport Beach’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Corona Del Mar, CA: higher priced homes
- Costa Mesa, CA: less expensive homes
- Newport Coast, CA: equally priced homes
- Fountain Valley, CA: less expensive homes
- Irvine, CA: less expensive homes
- Huntington Beach, CA: less expensive homes
- Santa Ana, CA: less expensive homes
- Tustin, CA: less expensive homes
- Top-of-the-World, CA: less expensive homes
- Laguna Beach, CA: equally priced homes
Cities with Similar Populations
- Fountain Valley, CA: less expensive homes
- Howell, MI: less expensive homes
- Hoboken, NJ: less expensive homes
- Hendersonville, NC: less expensive homes
- Hempstead, NY: less expensive homes
- Hamden, CT: less expensive homes
- Griffin, GA: less expensive homes
- Grand Forks, ND: less expensive homes
- Fountainebleau, FL: less expensive homes
- Davenport, FL: less expensive homes
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