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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Newport Beach, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Newport Beach, CA Housing Market Trends

With a population of 83,993, 38,636 total housing units (homes and apartments), and a median house value of $3,384,141, Newport Beach house prices are not only among the most expensive in California, Newport Beach real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Newport Beach, accounting for 46.13% of the city's housing units. Other types of housing that are prevalent in Newport Beach include large apartment complexes or high rise apartments ( 26.28%), row houses and other attached homes ( 16.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.34%).

The most prevalent building size and type in Newport Beach are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.14% owning and 47.86% renting.

There is a lot of housing in Newport Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Newport Beach built between 1940-1969 ( 32.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.76%). There's also some housing in Newport Beach built before 1939 ( 3.94%).

Vacant housing appears to be an issue in Newport Beach. Fully 15.16% of the housing stock is classified as vacant. Left unchecked, vacant Newport Beach homes and apartments can be a drag on the real estate market, holding Newport Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Newport Beach Home Appreciation Rates

Appreciation rates for homes in Newport Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.28%, which ranks in the top 30% nationwide. This equates to an annual average Newport Beach house appreciation rate of 7.35%.

Over the last year, Newport Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Newport Beach's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newport Beach were at 0.15%, which equates to an annual appreciation rate of 0.59%.

Relative to California, our data show that Newport Beach's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Newport Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Newport Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Newport Beach real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$3,384,141

Newport Beach, CA Home Prices
> $887,000
$665,001 - $887,000
$443,001 - $665,000
$355,001 - $443,000
$266,001 - $355,000
$177,001 - $266,000
$88,001 - $177,000
$44,001 - $88,000
$0 - $44,000
85.0%
85.0%
6.2%
6.2%
4.4%
4.4%
0.4%
0.4%
0.9%
0.9%
0.8%
0.8%
0.8%
0.8%
0.1%
0.1%
1.4%
1.4%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

38,636

Newport Beach Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,930 / per month

Homeownership Rate

Owners
Renters
52.1%
52.1%
47.9%
47.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.2%
15.2%
84.8%
84.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.8%
16.8%
47.0%
47.0%
32.3%
32.3%
3.9%
3.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
46.1%
46.1%
16.2%
16.2%
10.3%
10.3%
26.3%
26.3%
1.0%
1.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.6%
4.6%
12.0%
12.0%
28.8%
28.8%
27.9%
27.9%
18.6%
18.6%
8.2%
8.2%
0% 100.0%
% of Homes