What to know before you move: cost, market timing, who it fits.
If you're considering a move to Irvine, CA, the most important variables are the local housing market, the cost structure (taxes, insurance, utilities), and how well the city fits your day-to-day life. This page summarizes the housing market read; pair it with the cost of living page for the full picture.
Irvine is a city in Orange County, California, with an estimated population of 318,683. It anchors the Los Angeles-Long Beach-Anaheim metro area. The population grew 0.9% annually from 2020 to 2024, a moderate gain. The median home value in Irvine is $1,566,872 as of 2026-04, down 1.2% over the last 12 months. Over the last five years, home values have averaged +11.1% annual growth, with prices at or near the 5-year peak. Rents in Irvine average $3,300 per month, roughly flat year-over-year (+2.3%). The composite momentum score is 69 of 100 (Rising). The market is healthy with prices supported by underlying demand.
Quiet strength: prices near or at all-time highs (-1.2% from 5-year peak). Solid market for owner-occupiers; investors should underwrite conservatively given the elevated entry point.
Reasons people move here
- Multi-year compounder: home values up an average 11.1% per year over the last 5 years — sustained, not a one-year pop.
- Held the highs: currently -1.2% from the 5-year peak — this market refused to give back gains.
Things to know first
- Expensive AND not growing: median home $1,566,872 with only -1.2% YoY. You're paying premium pricing for a flat trend.
- Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.
More about Irvine
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.