92660, Newport Beach, CA

The Newport Beach zip code 92660 has a population of about 134,000 people and an average home value of $1.4 million. The median home value in the zip code is $1.2 million, which is higher than the California statewide median home value of $846,500. The percentage of homes in the zip code that are worth more than $1 million is 27%, which is higher than the statewide percentage of 23%.

There are a number of factors that contribute to the high home values in Newport Beach. First, Newport Beach is a popular tourist destination and has a large population of wealthy residents who are willing to pay top dollar for properties in this area. Additionally, Newport Beach is located near some of the most expensive real estate markets in California, such as Orange County and Los Angeles County. Finally, Newport Beach has been consistently ranked as one of the best places to live in America by Forbes magazine over the past several years. These factors have led to an increase in demand for housing stock and consequently an increase in home prices throughout Newport Beach.