There are currently 19,362 real estate properties in Newport Beach, CA, with a median automated valuation model (AVM) price of $2,070,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Newport Beach, 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 Newport Beach, CA, is $2,115,350.00, with the most expensive house in Newport Beach, CA, topping out at $67,439,600.00 and the cheapest home in Newport Beach, CA, clocking in at $159,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Newport Beach, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Newport Beach, CA, is on a rollercoaster ride. The average rent price in Newport Beach, CA, is $4,418.00. Indeed, when looking to rent in Newport Beach, CA, you can expect to pay as little as $1,540.00 or as much as $8,260.00, with the average rent median estimated to be $4,260.00. The good news is that finding an affordable and desirable property to rent in Newport Beach, 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 Newport Beach, CA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Newport Beach, CA and much more. Save thousands at closing with home foreclosure listings in Newport Beach, CA — up to 75% off market value!
Newport Beach is located in Orange, California, with an estimated municipal population of 84,534 residents. All of the best foreclosed homes for sale in Newport Beach are located in the following zip code areas on Foreclosure.com: 92662 92663 92660 92661 92625 92657 92658 92659. The estimated population per square kilometer (.62 miles) in Newport Beach is 1,370.
So, about how much do homes cost in Newport Beach? The most recent median value of resident-owned homes in Newport Beach is 1,909,188. An estimated 56.7 percent of households in Newport Beach own their homes, with an average family size of 2.87. The median household income in Newport Beach is 127,223, with60.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Newport Beach, the median commute time of resident workers (in minutes) is 25. And last, but certainly not least, are you looking for homes to rent in Newport Beach? If so, the average rent price paid by renters in Newport Beach is 2,251, 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 Newport Beach, 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 Newport Beach is 47.2, split between 48.8 percent male versus 51.2 female. The percentage of residents who report being married in Newport Beach is 52.7, with an average family size of 2.87.
The percentage of residents who report their race in Newport Beach is as follows:
|Black / African American||1%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Newport Beach? Or maybe you are searching for 55+ active adult communities in and/or near Newport Beach?
The percentage of residents who report their age in Newport Beach 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 Newport Beach with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Newport Beach.
How do you know that living in -- or moving to -- Newport Beach is right where you need to be? Perhaps you grew up in Newport Beach or already live nearby; therefore, the decision to buy a home in Newport Beach is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Newport Beach 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 Newport Beach:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Newport Beach.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Newport Beach can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Newport Beach, meanwhile, can field multiple offers from more qualified buyers.
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