CALCMONEY // HOME AFFORDABILITY // CA // IRVINE
How much house can you afford in Irvine? Based on local median home prices, current CA mortgage rates, and Irvine property tax data.
$1,150,000
$7,198/mo
$308,466/yr
$266,593
Monthly housing costs of $7,198 represent 78.5% of Irvine's median gross monthly income ($9,167/mo). At 78.5%, median-income buyers in Irvine are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $1,150,000 |
| Down Payment (20%) | $230,000 |
| Loan Amount | $920,000 |
| Monthly PI Payment | $6,028 |
| Monthly Property Tax | $690 |
| Monthly Insurance Est. | $479 |
| Total Monthly PITI | $7,198 |
| Housing Cost % of Income | 78.5% |
| Required Income (28% rule) | $308,466/yr |
| Max Affordable Home | $266,593 |
$40,250
$9,227/mo
Irvine Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $1,150,000 | Irvine city median |
| Down Payment (20%) | $230,000 | Conventional loan |
| Monthly PITI | $7,198 | 6.85% rate, 30yr fixed |
| Required Income (28% rule) | $308,466 | Annual gross |
| Max Affordable Home | $266,593 | Based on median income |
| FHA Down (3.5%) | $40,250 | Minimum FHA |
| Housing Cost % of Income | 78.5% | Median income: $110,000/yr |
| Property Tax Rate | 0.72% | $8,280/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Irvine is $1,150,000, with a local 30-year mortgage rate of 6.85%. A buyer putting 20% down carries a loan of $920,000, generating a monthly P&I payment of $6,028. Adding property taxes ($690/mo) and homeowners insurance ($479/mo) brings total monthly PITI to $7,198.
Irvine's property tax rate of 0.72% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Irvine median home, that is $690/month, or $8,280 per year.
California levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Irvine should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Irvine's median income of $110,000/year can afford up to $2,567/month in total housing costs. Based on Irvine's mortgage rate of 6.85% and property tax rate of 0.72%, that translates to a maximum affordable home price of approximately $266,593 with 20% down on a 30-year loan.
To afford the median Irvine home priced at $1,150,000, you need an annual gross income of approximately $308,466. Total monthly housing costs (principal and interest of $6,028, property taxes of $690, and insurance of $479) come to $7,198/month, which equals 28% of the required income.
At the median home price of $1,150,000 and median household income of $110,000, the total monthly housing cost of $7,198 represents 78.5% of gross monthly income. This is well above the standard 28% threshold, making Irvine a challenging market for buyers at median income.
A conventional 20% down payment on the median Irvine home of $1,150,000 is $230,000. An FHA loan requires just 3.5% down — $40,250 — but adds mortgage insurance of roughly $786/month, bringing total FHA payments to $9,227/month.
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