ZIP Code 92705

In ZIP code 92705, near Irvine, the median home value of $1,203,400 is steep relative to what households bring in. Median household income sits at $129,331, with per-capita income of $63,031, so buying at that price point demands substantial earnings or equity. The county's 0.66% effective property tax rate works out to roughly $7,900 annually on a median-valued home — a real cost, though the rate itself stays below many California averages. Combined with a 9.25% sales tax rate, housing and everyday purchases both draw heavily on local paychecks.