Irvine is one of California’s most planned and polished cities: clean, safe, and full of high-earning renters looking for quality housing. But with high standards come high expectations. Managing property here means staying ahead of maintenance, regulations, and tenant needs. With over nine years of experience and over 1,500 units under management, we make Irvine property management easy for owners so they earn more while stressing less. From modern condos to spacious single-family homes and multi-unit buildings, our smart, data-driven strategies are designed to boost income and keep your property running at its best.
Irvine, a master-planned city in Southern California, is the state’s 14th largest community with a population of 308,160 across 49 neighborhoods. It’s one of the fastest-growing cities in the region, with a 1.19% increase in population between 2022 and 2023, which is a reflection of its appeal to professionals, students, and families alike.
Irvine has a strong presence of professionals in computers, math, and the arts, surpassing 95% of U.S. cities in tech employment and 90% in creative industries. The city is also a major college town, home to the University of California-Irvine and other institutions that produce thousands of graduates each year, feeding into the local knowledge economy.
Young, single, educated professionals in their 20s and 30s are a major demographic in Irvine. With 70.02% of adults holding at least a bachelor’s degree, far above the national average of 21.84%. Irvine is one of the most educated communities in the country. Many recent grads stay in the city to launch careers, building a vibrant social and professional scene.
Irvine’s average per capita income in 2025 is $84,459. Household income levels show a median of $129,647. The poverty rate stands at 11.68%. These figures place Irvine in the upper-middle-income bracket for California and well above the national average. Irvine is economically diverse, with both very wealthy and lower-income residents.
The city is highly diverse, with 43.9% of residents identifying as Asian and 35.4% as White (Non-Hispanic). Hispanic or Latino residents make up 11.24% of the population. English is the primary language spoken, followed by Chinese and Spanish. Notably, 39.57% of residents were born outside the U.S., contributing to Irvine’s rich multicultural fabric.
Irvine offers a mix of cultural, recreational, and family-friendly attractions that highlight its vibrant community and natural beauty. Here are some notable places to explore:
Great Park (hot air balloon rides, sports complexes, art galleries)
University of California, Irvine Arboretum
Tanaka Farms
Irvine Spectrum Center (shopping, dining, and entertainment)
William R. Mason Regional Park
San Joaquin Wildlife Sanctuary
Orange County Great Park Farmers Market
Boomers Irvine (mini-golf, go-karts, arcade games)
Heritage Park & Community Center
Pretend City Children’s Museum
Irvine Barclay Theatre
UCI Institute and Museum of California Art
The climate of Irvine is arid sub-tropical, with very mild, relatively rainy winters and warm, sunny summers.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 68°F | 69°F | 71°F | 73°F | 78°F | 72°F | 83°F | 85°F | 83°F | 79°F | 72°F | 68°F |
| Avg | 57°F | 58°F | 60°F | 63°F | 64°F | 69°F | 73°F | 74°F | 72°F | 68°F | 62°F | 57°F |
| Low | 46°F | 47°F | 49°F | 52°F | 59°F | 60°F | 64°F | 65°F | 63°F | 58°F | 51°F | 47°F |
| High | Avg | Low | |
|---|---|---|---|
| Jan | 68°F | 57°F | 46°F |
| Feb | 69°F | 58°F | 47°F |
| Mar | 71°F | 60°F | 49°F |
| Apr | 73°F | 63°F | 52°F |
| May | 78°F | 64°F | 59°F |
| Jun | 72°F | 69°F | 60°F |
| Jul | 83°F | 73°F | 64°F |
| Aug | 85°F | 74°F | 65°F |
| Sept | 83°F | 72°F | 63°F |
| Oct | 79°F | 68°F | 58°F |
| Nov | 72°F | 62°F | 51°F |
| Dec | 68°F | 57°F | 47°F |
This table shows Irvine CA average temperature by month.
Irvine spans several ZIP codes, each associated with unique neighborhoods and community hubs. Some of the primary ZIP codes and their corresponding areas include:
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Irvine is a magnet for high-tech innovation, home to companies leading the way in everything from advanced computing and gaming to EV technology and lifesaving medical devices. Industry giants like Broadcom and Blizzard anchor a workforce of over 62,000 high-paying tech jobs, creating steady housing demand and long-term rental potential. This concentration of talent drives a strong demand for quality housing, ensuring consistent rental opportunities for investors.
In addition to the economic strengths, Irvine offers a high quality of life with excellent schools, low crime rates, and abundant green spaces. The city’s commitment to sustainable growth and community well-being makes it an attractive place for both residents and investors.
Irvine’s housing market continues to experience impressive growth, with the median sale price of homes 272% higher than the national average. As of March 2025, the median sale price in Irvine was $1.5 million, reflecting a 2.0% increase from the previous year. Homes in Irvine are highly competitive, typically receiving an average of three offers and selling within approximately 36 days. This fast-paced market shows a strong demand and low inventory, making it an attractive option for investors looking for solid appreciation potential.
Additionally, the median sale price per square foot in Irvine is $851, a 2.8% increase compared to last year, highlighting consistent value growth in the area. This steady appreciation, combined with Irvine’s strong job market as mentioned above, positions it as a prime location for real estate investment, offering both short-term profitability and long-term gains.
As per official ACS 2024 (1-year) median gross rent (monthly): $3,091 (±$166). For context, Orange County $2,483 (±$26); California $2,104 (±$9).
| Property Type | Average Rent | Average Size (Sq Ft) |
|---|---|---|
| Apartment | $2,867/month | 787 Sq Ft |
| House | $2,445/month | 844 Sq Ft |
| Condo | $2,724/month | 816 Sq Ft |
| Townhome 2 BR | $3,980/month | 1,027 Sq Ft |
| Unit Size | Average Rent | Average Size (Sq Ft) |
|---|---|---|
| Studio | $2,676/month | 663 Sq Ft |
| 1 Bedroom | $2,867/month | 787 Sq Ft |
| 2 Bedrooms | $3,469/month | 1,100 Sq Ft |
| 3 Bedrooms | $4,307/month | 1,299 Sq Ft |
Please note that these figures are averages, and rental prices can vary based on location, property condition, and market demand.
| Neighborhood | Average Rent | Average Sq Ft |
|---|---|---|
| Northwood | $2,612/month | 713 Sq Ft |
| University Town Center | $2,927/month | 678 Sq Ft |
| El Camino Real | $2,958/month | 751 Sq Ft |
| University Park | $3,036/month | 724 Sq Ft |
| Walnut | $3,078/month | 749 Sq Ft |
| Neighborhood | Average Rent | Average Sq Ft |
|---|---|---|
| Woodbridge | $3,944/month | 765 Sq Ft |
| Turtle Ridge | $3,888/month | 759 Sq Ft |
| Orchard Hills | $3,692/month | 841 Sq Ft |
| Quail Hill | $3,631/month | 772 Sq Ft |
| Irvine Spectrum | $3,622/month | 794 Sq Ft |
Yes, Irvine’s rental market is notably higher than the national average. As of April 2025, the median rent in Irvine across all property types is approximately $3,790 per month, which is about 99% higher than the national average of $1,900. This positions Irvine among the most expensive rental markets in the U.S.
Irvine’s cost of living is approximately 40.6% higher than the national average. For a single person, estimated monthly expenses are around $4,122, while a family of four can expect to spend about $6,357 monthly. Housing, food, and transportation are the primary contributors to these costs.
As of March 2025, the median home price in Irvine is approximately $1.6 million, reflecting a 14.2% increase from the previous year. This upward trend means there’s a strong and highly appreciative real estate market in Irvine.
To live comfortably in Irvine, a single individual would need an annual income of approximately $133,952 before taxes. This estimate accounts for housing, utilities, food, transportation, healthcare, and other living expenses.
The average annual household income in Irvine is approximately $168,128, with a median household income of $129,647. Households aged 45 to 64 have the highest median income at $158,586, while those under 25 earn the least at $22,161.
Approximately 45.92% of households in Irvine are renter-occupied. This shows that a significant portion of the population rents their homes, contributing to a strong rental market.
From marketing and tenant screening to repairs and financial reporting, Tenant Planet takes care of every detail, so you don’t have to. Let’s turn your rental into a hands-off investment.
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