Newport Beach, California Housing Market Prices
Newport Beach Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 212% above the California median$2,029,392
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Median rent 62% above the California median$3,295
Housing Market Overview
| Metric | Newport Beach | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,029,392 | $650,794 | $248,835 |
| Price Trend (Annual %) | 6.1% | 8.9% | 7.5% |
| Median Gross Rent | $3,295 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Newport Beach is about 212% higher than in California. Rent is about 62% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Newport Beach, up about 6.1% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Newport Beach rose about 62.9% between 2015 and 2024, from $2,023 to $3,295. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 13.0 yearly household incomes in Newport Beach.
Buying the median-priced home in Newport Beach costs roughly 51.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Newport Beach. The price-to-rent ratio in California is about 26.6.
| Metric | Newport Beach | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,029,392 | $650,794 | $248,835 |
| Median Household Income | $155,599 | $99,161 | $80,455 |
| Price-to-Income Ratio | 13.0 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Newport Beach rose about 63.5%, while median household income rose about 37.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Newport Beach | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.7% | 51.7% | 58.5% |
| Rental Rate | 41.2% | 40.8% | 31.2% |
| Vacancy Rate | 16.1% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Newport Beach has a homeownership rate of 42.7%, lower than the California average of 51.7%. Its housing vacancy rate is 16.1%, compared with 7.5% in California.
Housing Stock
| Metric | Newport Beach | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1977 | 1975 | 1978 |
| Median Number of Rooms | 5.2 | 5.0 | 5.5 |
The typical housing unit in Newport Beach was built around 1977. On average, 2.2 people live in a home with about 5.2 rooms, staying for about 12.0 years on average.
Newport Beach, CA Housing Compared With Nearby Cities
Newport Beach, CA is the smallest of the 4 cities compared here, 82,228 residents against a local median of 295,598. Newport Beach, CA's median home price, at $2,029,392, runs 148% above the $817,391 typical of the cities around it.
Median rent tells the same story from another angle: $3,295 against a local median of $2,466, 34% above it. The one measure here that carries a verdict is homeownership, and at 15% above the local median it puts Newport Beach, CA at the better end of the local range. The cities themselves sit within $315,942 of each other on median home price, a tighter band than the gap between any of them and Newport Beach, CA, which makes it a genuine outlier here rather than one end of a wide local spread. Newport Beach, CA has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Newport Beach, CA | 82,228 | $2,029,392 #1/4 | $3,295 #1/4 | 50.9% #1/4 |
| Costa Mesa, CA | 112,438 | $817,391 | $2,466 | 39.1% |
| Santa Ana, CA | 313,932 | $672,808 | $2,082 | 44.1% |
| Irvine, CA | 295,598 | $988,750 | $2,983 | 45.5% |
Frequently Asked Questions
Common questions about the housing market in Newport Beach, California.
What is the median home price in Newport Beach, California?
The median home price in Newport Beach, California is $2,029,392, higher than the California average of $650,794.
What is the average home price in Newport Beach, California?
The typical home price in Newport Beach, California, reported as the median sale price, is $2,029,392. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Newport Beach, California?
The median gross rent in Newport Beach, California is $3,295 per month, higher than the California average of $2,036.
What was the median gross rent in Newport Beach in 2020?
In 2020, the median gross rent in Newport Beach, California was $2,423 per month.
What is the price-to-rent ratio in Newport Beach, California?
The price-to-rent ratio in Newport Beach, California is about 51.3, meaning it would take roughly 51.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Newport Beach.
Are home prices or rent rising faster in Newport Beach, California?
Both home prices and rent are rising in Newport Beach, up about 6.1% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Newport Beach, California?
42.7% of households in Newport Beach, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Newport Beach, California?
The housing vacancy rate in Newport Beach, California is 16.1%, higher than the California average of 7.5%.
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