Irvine, CA — income, home value, property tax, and sales tax.
In ZIP code 92637, near Irvine, homes carry a median value of $394,600, and the county's 0.66% effective property tax rate works out to roughly $2,600 a year on such a home. With median household income at $59,269, that tax equals about 4.4% of yearly earnings, while per-capita income reaches $53,507. Purchasing at these prices demands substantial income, yet the low rate keeps ongoing ownership costs below what many California counties impose. Sales tax adds 7.75% to purchases. Together, the figures show a housing market where entry is costly but annual taxation stays comparatively gentle.
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