Irvine, CA

Population: 236,716
Average annual home appreciation rate: 9.39%
Total of homes for sale in this market: 670
Median home price: $801,789
Median Rent: $2,148 per room
Home price range: 38.04% of homes are between $623,001 – $935,000
Median sales price: $650,000
Number of homes: 213
Median foreclosure sales price: $640,000
Foreclosure discount: $10,000 ( 1.5% )
Most common home type: 38.30% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 5.60%
Number of renters: 51.97%
Number of owner occupied: 48.03%
Number people living below poverty level: 12.16%
Unemployment rate: 3.20%
Is this area perfect for real estate deals going on right now? Real estate appreciation alone would help make a great return on investment for a home bought in the Irvine market. Rental prices are to a point that they could be a very lucrative return on investment for the savvy buy and hold investor.

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