The story of this market
The typical home in ZIP 92627 sells for about $1,625,000, or $885 per square foot.
Prices are up +31.2% from a year ago, so sellers still have some momentum. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,365 a month.
ZIP 92627
The 92627 housing market is currently experiencing high demand with a median sale price of $1,625,000, reflecting a significant year-over-year increase. Low inventory levels continue to drive competition, keeping the market active despite broader economic headwinds. Buyers remain focused on the area's prime location and proximity to coastal amenities.
This ZIP is well-suited for professionals and families seeking proximity to coastal Orange County employment centers, as well as investors looking for high-demand, supply-constrained urban residential assets.
Median prices moved up 31.2% year over year.
Homes spend a median of 22 days on market with 3.3 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.3% · poverty 9.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92627, Orange County CA
The area is served by the Newport-Mesa Unified School District, which generally maintains a reputation for solid academic performance within the region.
The area faces standard Southern California risks, including seismic activity and potential wildfire exposure in the broader region, with insurance premiums reflecting these environmental factors.
Costa Mesa serves as a major commercial hub in Orange County, anchored by the South Coast Plaza retail district and proximity to John Wayne Airport, driving consistent economic momentum.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents benefit from proximity to the 55 and 405 freeways, providing direct access to major employment centers in Irvine, Newport Beach, and Santa Ana.
The ZIP features extensive access to local parks, the Santa Ana River Trail, and is within a short drive of Newport Beach's coastal amenities and major shopping at South Coast Plaza.
The rental market is characterized by high demand and limited vacancy, with median rents around $4,000 per month, reflecting the area's desirability and proximity to coastal employment hubs.
The local economy is driven by retail, professional services, and proximity to the John Wayne Airport business corridor, with a diverse mix of corporate offices and small businesses.
The area is served by a network of major freeways including the 55 and 405, with public transit provided by the Orange County Transportation Authority (OCTA).
Development activity is focused on infill residential projects and the continued modernization of the South Coast Plaza commercial district.
The Orange County Assessor manages property valuations in accordance with state law, primarily triggered by property sales.
Parcels are subject to standard municipal taxes and the Newport-Mesa Unified School District levies.
Property insurance markets in this region are influenced by statewide wildfire and seismic risk assessments, leading to rising premiums for many homeowners.
Data retrieved from data.census.gov ZCTA 92627 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Disneyland Park4.611.2 mi
- Knott's Berry Farm4.614.2 mi
- Disney California Adventure Park4.710.8 mi
- Great Wolf Lodge | Southern California4.49 mi
- Disneyland Resort4.711.2 mi
- Angel Stadium4.610.6 mi
- Anaheim Convention Center4.510.5 mi
- Honda Center4.611.2 mi
- The Source OC4.215.2 mi
- OC Fair & Event Center4.41.5 mi
- Disneyland Park4.611.2 mi
- Downtown Disney District4.611.1 mi
- Disney California Adventure Park4.710.8 mi
- Honda Center4.611.2 mi
- Newport Beach Pier4.73 mi
- The Queen Mary4.417.1 mi
- Discovery Cube Orange County4.48.8 mi
- Mission San Juan Capistrano4.817.9 mi
- Richard Nixon Presidential Library & Museum4.817.5 mi
- UC Irvine Langson Orange County Museum of Art | Costa Mesa4.43.6 mi
- Great Park4.610.2 mi
- Crystal Cove State Park4.88.1 mi
- Santa Ana Zoo4.17.8 mi
- Mile Square Regional Park4.74.9 mi
- Huntington State Beach4.73.2 mi
- Newport Dunes Waterfront Resort & Marina4.42.8 mi
- Balboa Bay Club4.72.4 mi
- Balboa Yacht Club4.83.7 mi
- Newport Harbor Yacht Club4.73.1 mi
- Bahia Corinthian Yacht Club4.73.5 mi
- Pelican Hill Golf Club4.66.3 mi
- Costa Mesa Country Club3.91.4 mi
- Strawberry Farms Golf Club4.57.1 mi
- Tustin Ranch Golf Club4.110 mi
- Oak Creek Golf Club and Driving Range4.48.7 mi
- South Coast Plaza4.63.3 mi
- The Outlets at Orange4.49.3 mi
- Downtown Disney District4.611.1 mi
- Fashion Island4.63.4 mi
- Irvine Spectrum Center4.610.1 mi
- John Wayne Airport4.63.3 mi
- Long Beach Airport4.617.6 mi
- Chino Airport4.727.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A world-class luxury shopping destination and major regional economic anchor.
A major regional recreational corridor for cycling and walking.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.