Housing and Housing Statistics in Newport Beach, CA
Housing is often the largest expense we face each month. The average monthly home ownership costs for owners with a mortgage in Newport Beach is $4, which is higher than the nation as a whole. The average monthly rent in Newport Beach is $1,966, which is higher than the U.S. Approximately 21,318 housing units are owner-occupied. About 49.8% of owners and 50.9% of renters pay less than 30% of their income toward housing expenses, a measure of affordability. Owners make up 48.4% of housing units. 38.9% of the housing units are occupied by renters. 85.4% of homes in Newport Beach were built after 1990. 54.0% of all housing units in Newport Beach have three bedrooms or more.
Own their own homes21,318
Median home price$1,000,000
Median monthly mortgage$4