Real Estate Investing in Newport Beach, California (92662)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 92662 (Newport Beach, CA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 38.7% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 56.6 — hard to cash-flow at these prices.
What’s happening in Newport Beach, CA (92662)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 92662 Newport Beach
This part of Orange County is not an easy win. The 92662 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 92662 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within CA, ZIP 92662 trails on several market indicators that neighboring Orange County submarkets outperform. The gap is real and durable enough to shape underwriting.
The 92662 ZIP's population of 2,285 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Strategically, 92662 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Newport Beach:
Property Strategy for 92662
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $2,797,415 | $3,530 | 0.9% | +9.0% | $1,398,708 |
| 3BR | $4,198,287 | $4,790 | 0.8% | +7.7% | $1,399,429 |
| 4BR | $4,639,275 | $5,720 | 0.9% | +8.3% | $1,159,819 |
| 5BR | $5,075,314 | — | — | +5.7% | $1,015,063 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 92662 Compare?
| Metric | 92662 | Newport Beach | Los Angeles-Long Beach-Anaheim, CA | California |
|---|---|---|---|---|
| Home Value | $4,687,692 | $4,226,388 | N/A | $761,003 |
| 5-Year CAGR | 8.1% | 9.8% | N/A | 5.7% |
| Avg Rent | $6,899 | $5,657 | N/A | - |
| Cap Rate | 1.2% | 1.0% | - | - |
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 92662 (Newport Beach, CA). Anonymous, moderated, never written by AI.
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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 | $4,687,692 |
| Monthly Rent | $6,899 |
| Price-to-Rent | 56.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.8% |
| Cap Rate | 1.2% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +16.5% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.2%). 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 92662
Population: 2,285
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 92662
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Abraham Lincoln Elementary
Eastbluff Elementary
Harbor View Elementary
Mariners Elementary
Newport Elementary
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 5,548 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much do tenants pay in Newport Beach, CA?
The typical rental in Newport Beach, CA commands about $6,899/mo monthly. That rent profile consistent cash flow against the $4.7M purchase basis.
Is the tenant base reliable in Newport Beach, CA?
Tenant quality in Newport Beach, CA ranks as solid. Landlords generally report steady occupancy at market rents of $6,899/mo.
How does Newport Beach, CA stack up for property investment?
With a 3.0/5 investability score, Newport Beach, CA ranks as a solid market for rental property investors. Median prices of $4.7M and rents of $6,899/mo drive the underlying numbers.
Is Newport Beach, CA a good market for FHA house hackers?
The house hack math a tougher in Newport Beach, CA. Owner-occupant buyers benefit from the $6,899/mo rents and $4.7M home values.
How quickly do rentals get leased in Newport Beach, CA?
Vacancy in Newport Beach, CA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $6,899/mo.
You know 92662 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 92662 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 92662 ranks in Los Angeles-Long Beach-Anaheim, CA
Every ZIP in this metro, ranked. Free.
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