Real Estate Investing in Irvine, California (92617)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 92617 (Irvine, 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.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 29.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Irvine, CA (92617)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 92617 Irvine
The 92617 ZIP covers a section of Irvine that demands careful diligence. Prices near $841K look accessible, but the work to make a deal cash flow is real.
Rent of $2,358/mo on a $841K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 92617 sits below the stated 0.0% once reality is priced in.
The gap between 92617 and stronger Irvine ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 92617 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 92617 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 Irvine:
Property Strategy for 92617
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $402,648 | $2,620 | 4.7% | +5.7% | $201,324 |
| 3BR | $723,272 | $3,540 | 3.5% | +5.5% | $241,091 |
| 4BR | $924,799 | $4,230 | 3.3% | +6.4% | $231,200 |
Market Trends
Home Value History (with trend line)
📊 How Does 92617 Compare?
| Metric | 92617 | Irvine | Los Angeles-Long Beach-Anaheim, CA | California |
|---|---|---|---|---|
| Home Value | $841,136 | $1,362,192 | N/A | $761,003 |
| 5-Year CAGR | 5.9% | 9.5% | N/A | 5.7% |
| Avg Rent | $2,358 | $3,400 | N/A | - |
| Cap Rate | 2.2% | 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 92617 (Irvine, CA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 92617 (Irvine, CA)?
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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 | $841,136 |
| Monthly Rent | $2,358 |
| Price-to-Rent | 29.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (2.2%). 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 92617
Population: 22,172
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 92617
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Eastbluff Elementary
Mariners Elementary
Roy O. Andersen Elementary
Corona del Mar High
South Lake Middle
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 2,268 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What type of investing works in Irvine, CA?
Investors usually favor careful cash-flow rentals with hands-on management in Irvine, CA. With home values at $841K and rents near $2,358/mo, other strategies can work but produce steady rather than outsized returns.
What are vacancy rates like in Irvine, CA?
Vacancy in Irvine, CA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,358/mo.
How much should I expect to pay for a home in Irvine, CA?
Expect median prices around $841K in Irvine, CA. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
What is it like being a landlord in Irvine, CA?
CA ranks as a tenant-protective state for landlord-tenant law. Irvine generally follows the statewide framework, so landlords face reasonable operating rules.
Are renters plentiful in Irvine, CA?
Irvine, CA draws a stable base of working renters. Demand at the $2,358/mo rent level is reasonable for standard single-family and small multi rentals.
You know 92617 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 92617 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 92617 ranks in Los Angeles-Long Beach-Anaheim, CA
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