Median price for residential apartments in Newport Beach, CA as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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537 Newport Beach, CA, USA apartments for sale
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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.
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.
Rent vs. Own
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.
Housing Trends
How much does an apartment cost in Newport Beach, CA, USA
Average apartment sale in Newport Beach: $4,756,304 (-0.4%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $5,109,992 | +11% |
| 1-bed apartments | $419,857 | -38.2% |
| 2-bed apartments | $1,752,989 | +0.1% |
| 3-bed apartments | $3,130,768 | -3.6% |
| 4+ bed apartments | $7,384,785 | +3.2% |
During Dec 2022, the average price for an apartment in/near Newport Beach, CA decreased by 0.4% to $4,756,304.
Knowing the current property prices is key if you plan to buy a studio in Newport Beach, CA. The average price for a studio has increased since the last month, currently being $5,109,992. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 38.2% to $419,857. Asking price for 2-bed apartment also increased by 0.1% and a place of this size will now cost you $1,752,989. A 3-bed apartment goes for $3,130,768, it decreased by 3.6% lately. We discerned the rise of 4- and more bed apartment price. It increased by 3.2% and made it up to $7,384,785.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Apartments for sale | $428,300 | -1.2% |
| Condos for sale | $2,286,189 | -2.5% |
| Duplexes for sale | $2,999,998 | +0% |
| Houses for sale | $6,241,813 | +0.6% |
| Lofts for sale | $4,776,000 | +0% |
| Townhouses for sale | $4,578,333 | +0% |
The average cost of an apartment in Newport Beach, CA decreased by 1.2% to $428,300. Price reports demonstrate that house price increased by 0.6% this month making it up to $6,241,813. Condos faced an upward trend these days. The median price for a condo decreased by 2.5%, it’s now available for $2,286,189. An average value of duplex is $2,999,998, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $4,776,000. Value of the townhouses didn’t change, the price still starts at $4,578,333. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $5,995,000.
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