There are currently 62,934 real estate properties in Irvine, CA, with a median automated valuation model (AVM) price of $1,155,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Irvine, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Irvine, CA, is $1,328,169.00, with the most expensive house in Irvine, CA, topping out at $54,114,100.00 and the cheapest home in Irvine, CA, clocking in at $228,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Irvine, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Irvine, CA, is on a rollercoaster ride. The average rent price in Irvine, CA, is $3,310.00. Indeed, when looking to rent in Irvine, CA, you can expect to pay as little as $1,500.00 or as much as $8,260.00, with the average rent median estimated to be $3,200.00. The good news is that finding an affordable and desirable property to rent in Irvine, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Irvine, CA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Irvine, CA and much more. Save thousands at closing with home foreclosure listings in Irvine, CA — up to 75% off market value!
Irvine is located in Orange, California, with an estimated municipal population of 287,401 residents. All of the best foreclosed homes for sale in Irvine are located in the following zip code areas on Foreclosure.com: 92617 92614 92612 92618 92620 92602 92603 92604 92606 92616 92619 92650 92697 92698. The estimated population per square kilometer (.62 miles) in Irvine is 1,691.
So, about how much do homes cost in Irvine? The most recent median value of resident-owned homes in Irvine is 837,736. An estimated 46.8 percent of households in Irvine own their homes, with an average family size of 3.19. The median household income in Irvine is 105,126, with52.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Irvine, the median commute time of resident workers (in minutes) is 25.5. And last, but certainly not least, are you looking for homes to rent in Irvine? If so, the average rent price paid by renters in Irvine is 2,361, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Irvine, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Irvine is 34.2, split between 49 percent male versus 51 female. The percentage of residents who report being married in Irvine is 51.9, with an average family size of 3.19.
The percentage of residents who report their race in Irvine is as follows:
|Black / African American||1.7%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0.2%|
Looking for family-friendly neighborhoods in and/or near Irvine? Or maybe you are searching for 55+ active adult communities in and/or near Irvine?
The percentage of residents who report their age in Irvine is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Irvine with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Irvine.
How do you know that living in -- or moving to -- Irvine is right where you need to be? Perhaps you grew up in Irvine or already live nearby; therefore, the decision to buy a home in Irvine is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Irvine for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Irvine:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Irvine.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Irvine can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Irvine, meanwhile, can field multiple offers from more qualified buyers.
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