Median price for residential apartments in as of Aug, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
663 Newport Beach, CA, USA apartments for sale
$2.4M
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622 1/2 Clubhouse Avenue, Newport Beach, CA 92663, USA
Studio
1 Bath
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Newport Beach
According to statistics, the population in Newport Beach, CA amounts to 86,793, which shows decline 0% compared to the previous year. The median age of the city’s residents is 47. The average household income is $119,379, shifting growth 3% from the past year, and the average property value in Newport Beach, CA growth 7% to $1,695,700 throughout the year.
| Population | 86,793 |
| Median Age | 46.7 |
| Poverty Rate | 6% |
| Household Income | $119,379 |
| Number Of Employees | 43,305 |
| Median Property Value | $1,695,700 |
Household Income
The average household income in Newport Beach, CA grew from $115,845 to $119,379 in the past year. This data is an estimate based upon 37,971 households in Newport Beach, CA . The chart below presents how household income is distributed in Newport Beach, CA in comparison to the revenue allocation amid households nationally.
- USA
- Newport Beach, CA
Property Value
According to data from last year, the average property value in Newport Beach, CA shifted from $1,584,900 to $1,695,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Newport Beach, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Newport Beach, CA properties falls in the '$2,000,000 or More' range, which is lower than the most significant median property across the country.
- USA
- Newport Beach, CA
Rent vs. Own
- Rent57%
- Own43%
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Newport Beach, CA compared to median property taxes around the country. The prevalent amount of property taxes in Newport Beach, CA equals $3000, which is less than the national average.
- USA
- Newport Beach, CA
Housing Trends
Newport Beach, CA, USA Housing Trends
Average sale in Newport Beach: $2,483,444 (-16.6%)
| Apartment Size | Aug | vs Last Month |
|---|---|---|
| 2 bed apartments | $840,000 | +4.1% |
| 3 bed apartments | $2,264,000 | -9.8% |
| 4+ bed apartments | $2,943,800 | -39.4% |
During Aug 2021, the average price for an apartment in/near Newport Beach, CA decreased by 16.6% to $2,483,444.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $840,000. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $2,264,000. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $2,943,800 for a big-family home.
| Listing Type | Aug | vs Last Month |
|---|---|---|
| Apartments for sale | $4,800,000 | N/A |
| Condos for sale | $2,478,000 | +88.1% |
| Houses for sale | $1,995,000 | -55.6% |
| Duplexes for sale | $2,795,000 | -5.3% |
| Townhouses for sale | $2,427,000 | N/A |
While assessing the property pricing Newport Beach, CA, you can note that it remains flat with a price tag of $4,800,000. According to statistics, average house is still $1,995,000 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $2,478,000. An average value of duplex is $2,795,000, thus a median price for a duplex remains the same this month. Value of the townhouses didn’t change, the price still starts at $2,427,000.
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