Real Estate Investing in Costa Mesa, California (92627)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 92627 (Costa Mesa, CA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 32.0 — hard to cash-flow at these prices.
What’s happening in Costa Mesa, CA (92627)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 92627 Costa Mesa
Not every below-median market is a bargain. Costa Mesa's 92627 ZIP sits at signals that favor experienced operators who can absorb the risk $1.4M pricing implies.
The 92627 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 92627 and stronger Costa Mesa ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A healthy renter share of 62% in 92627 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 92627 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Costa Mesa:
Property Strategy for 92627
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $1,015,682 | $2,710 | 1.9% | +7.4% | $1,015,682 |
| 2BR | $983,535 | $3,190 | 2.3% | +6.4% | $491,768 |
| 3BR | $1,309,875 | $4,330 | 2.4% | +8.9% | $436,625 |
| 4BR | $1,798,125 | $5,170 | 2.1% | +10.6% | $449,531 |
| 5BR | $2,294,888 | — | — | +10.6% | $458,978 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 92627 Compare?
| Metric | 92627 | Costa Mesa | Los Angeles-Long Beach-Anaheim, CA | California |
|---|---|---|---|---|
| Home Value | $1,383,091 | $1,416,853 | N/A | $761,003 |
| 5-Year CAGR | 7.3% | 7.7% | N/A | 5.7% |
| Avg Rent | $3,598 | $3,314 | N/A | - |
| Cap Rate | 2.0% | 1.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 92627 (Costa Mesa, CA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 92627 (Costa Mesa, CA)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Orange County
Manage rentals here? List your business →Action Property Management is an HOA management company serving various community types including large scale, high rise, new development, condos, and hotel residential. summary from their website
Affinity Property Management, Inc. provides world-class service in property management, adapting to client needs and offering solutions for owners and tenants. summary from their website
Aperto Property Management, Inc. aims to maximize real estate asset value and achieve investment goals through vision, professionalism, and personal service. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,383,091 |
| Monthly Rent | $3,598 |
| Price-to-Rent | 32.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 92627
Population: 60,751
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 92627
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,280 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Costa Mesa, CA?
Investors tracking Costa Mesa, CA will find a 3.0/5 rating supported by $1.4M median home values and $3,598/mo rents. That profile suits long-term holders targeting consistent returns.
What is the average monthly rent in Costa Mesa, CA?
Rents in Costa Mesa, CA run near $3,598/mo. Compared with median home prices of $1.4M that produces solid gross yields for typical rentals.
Are there empty rentals in Costa Mesa, CA?
Costa Mesa, CA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Does Costa Mesa, CA favor landlords or tenants?
The landlord environment in Costa Mesa, CA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
What is the typical home price in Costa Mesa, CA?
Expect median prices around $1.4M in Costa Mesa, CA. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
You know 92627 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 92627 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 92627 ranks in Los Angeles-Long Beach-Anaheim, CA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 92627 (Costa Mesa)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 92627 (Costa Mesa, CA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.