Irvine, CA
Orange County · Pop. 307,670
Ranked #236 of 243 cities
14Crisis
Median Home Price
🏠$1.2M
3.5% YoY
Median Rent
🔑$3,000
3.0% YoY
Median Income
💰$115K
Rent Burden
📊32.5%
% of income to rent
Income to Buy
🏦$345K
annual income needed
Income to Rent
📝$120K
annual income needed
Price-to-Income
⚖️10.4x
Homeownership
🏡50.0%
Rent vs. Buy
Buy
$6,387/mo
Est. mortgage (7%, 20% down)
Need $345K/yr income
Rent
$3,000/mo
Median rent
Need $120K/yr income
How Irvine Compares
| Metric | Irvine | California | National |
|---|---|---|---|
| Home Price | $1.2M | $726K | $410K |
| Rent | $3,000 | $1,992 | $1,500 |
| Income | $115K | $96K | $75K |
| Rent Burden | 32.5% | 40.5% | 30.0% |
Key Takeaways
- • Home prices in Irvine are 193% higher than the national average.
- • Rent is 100% higher than the national average.
- • You need an income of $345K to comfortably buy a home here.
- • The homeownership rate is 50.0%, compared to 65.0% nationally.