92604, Irvine, CA

The 92604 zip code of Irvine, CA has a population of over 269,000 people and a median home value of $527,500. The median home value in this zip code is higher than the national median home value of $217,500. This indicates that there is a greater demand for homes in this zip code than in other areas across the United States.

One factor that may contribute to the high demand for homes in the 92604 zip code is the presence of several universities and colleges in this area. These institutions generate a large number of college graduates each year who are looking for affordable housing options close to their schools. Additionally, many families who live in this area are wealthy enough to afford a higher home value than average.

Despite the high demand for homes in this area, there have been some concerns raised about the stability of prices here. In recent years, there has been an increase in sales activity and prices within this zip code, but it is unclear whether or not these increases will continue into future years. Additionally, there have been reports of inflated values within certain neighborhoods within this zip code due to speculation by buyers rather than actual investment by sellers. While these issues may cause some volatility within prices over time, they do not appear to be causing significant long-term damage to homeownership rates or overall economic growth within the 92604 zip code.