92618, Irvine, CA

Irvine, California is a city located in Orange County. As of the 2010 census, the population was 248,741. The city is known for its high-tech industry and its universities. Irvine is also home to many affluent families and has one of the highest home equity values in the United States.

The median home value in Irvine as of September 2017 was $1,047,500. This represents a growth rate of 3.2% over the previous year and a growth rate of 10% over the previous five years. The average home value in Irvine has increased by an average of 9% each year since 2007. In addition, there are currently 1,824 homes for sale in Irvine which indicates that demand for housing remains high despite recent market volatility.

Home equity is an important factor when considering purchasing a home or investing in real estate. Home equity allows homeowners to borrow against their property value to cover costs such as mortgages or other expenses associated with owning a home such as property taxes or insurance premiums. Homeowners who have significant equity in their homes are more likely to be able to sell their homes quickly and at a higher price than those who do not have significant equity in their homes. In addition, homeowners with significant equity are more likely to be able to refinance their mortgages if they experience financial difficulties down the road.

The fact that Irvine has one of the highest home equity values in America indicates that there is strong demand for housing within this city limits despite recent market volatility