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Irvine city, CA

ZIP 92602 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 92602

Median Home Value
$1,323,200
Median Rent
$2,769
Affordability Snapshot
$364,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$8,500/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

8.8x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

39.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 92602 in Irvine city, CA, a household would need roughly $364,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $8,500. That is about 142% above the local median household income ($150,406), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
45.1%-31% vs US avg
x
Vacancy Rate
7.3%-29% vs US avg
x
Broadband Access
98.8%+14% vs US avg
x
4+ Bedrooms
10.3%-31% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
1.8%-74% vs US avg
x
Rent Burden >30%
24.5%-51% vs US avg
x
Mortgage-Free
33.0%-13% vs US avg
x
$1,323,200
Home Value
$2,769
Rent
2005
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached50.7%
  • 1-unit attached15.7%
  • 2-9 units8.0%
  • 10+ units25.1%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,323,200
Median rent$2,769
Owner-occupied45.1%
Vacant7.3%
Price-to-income8.8x
Est. income to buy$364,000