ZIP Code 92662 — Newport Beach, California

The median home in 92662 is valued at more than $2,000,000 (the Census reporting ceiling) against a median household income of $157,128, a price-to-income ratio of at least 12.7. That is far above the 6.7 median across the 1,558 California ZIP codes with published housing data, and well past the 3.0 ratio that marks an attainable market nationally, which means a household earning the local median income cannot finance the local median home on conventional terms. Within Orange County, 92662 ranks 84 of 87 ZIPs on affordability (1 = lowest ratio); the county median ratio is 7.9. Renting takes 18.2% of median household income (median rent $2,381 a month), under the 30% cost-burden threshold.

92662 ranks 136 of 1,558 statewide on median household income and 1 of 1,558 on median home value; its income is above the $116,618 Orange County median. 58% of households own their home, below the 64% statewide ZIP median, making this a majority-owner ZIP. 63% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 0.3%, far below the 10.8% statewide ZIP median and among the lowest in the state. Unemployment stands at 10.5%.

With 11,730 residents per square mile across 0.2 square miles of land, 92662 is far denser than the statewide ZIP median of 1,120 (rank 118 of 1,558). This is a mixed urban fabric of apartments, small-lot houses and commercial corridors.