Irvine, CA — income, home value, property tax, and sales tax.
In ZIP code 92649, near Irvine, homes carry a median value of $1,131,500, while households earn a median of $123,257 and per-capita income reaches $70,627. The county's 0.66% effective property tax rate works out to roughly $7,468 annually on that median home — a notable sum, though the income base here is strong enough to absorb it. Sales taxes add 7.75% at checkout. Even so, buying into this market demands substantial earnings; the gap between median income and median home value means many would-be owners must stretch considerably to bridge it.
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