Newport Beach, CA Real Estate
According to census data in the year 2000 there were 37,336 housing units in Newport Beach.
This represents a 7.1% growth from 34,861 in 1990.
Of those housing units, 37,336 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Newport Beach is about 55.5%.
Newport Beach's vacancy rate, including seasonal lodging, is about 11.4%.
Average household size is 2.09 people.
The majority of houses, apartments or condos in Newport Beach were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.80% |
| One Bedroom | 15% |
| Two Bedrooms | 32% |
| Three Bedrooms | 27.60% |
| Four Bedrooms | 16% |
| Five Bedrooms or more | 5.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $708,200 |
| Median Price asked for vacant units | $820,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.77 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $1,437 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 7.80% |
| Home Equity Loan | 9.10% |
| Simple Mortgage | 57.40% |
| Debt Free | 25.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.3% |
