Irvine as a city is coming of age for its 40th birthday this year.
The economy powerhouse of the area, Irvine is the third largest city by population at Orange County, California.
Irvine was charted as a city during 1971 and then had 10,081 residents. Irvine’s population has grown during the 40 years to current number of about 212,375 residents (per City of Irvine and California Department of Finance demographic research unit).
Top Irvine employers are the University of California Irvine, The Irvine Company, Irvine Unified School District, Verizon Wireless Corporate, Broadcom, St. John Knits, Allergan, Edwards Lifesciences and Parker Hannifin
Irvine median family income – $84,950 (according to U.S. Census Bureau, 2009 American community survey)
Irvine has 80,138 Dwelling Units – (per city of Irvine Land Use Database – excludes institutional housing). About 29,000 of those are apartments for renters.
39,925 of those privately owned homes are owner occupied – (per Equity Title information service). So about half of the Irvine dwelling units are owner occupied homes (as compared with number of apartments and rented properties).
Median Value of residential properties – $559,000 (Single Family, condominiums and new homes, per DataQuick and Home sales recorded in January 2011)
The annual City of Irvine Mayor’s Breakfast meeting with Chamber of Commerce is scheduled for Thursday, April 7, and I’ll be there with others to help celebrate.
Harrison K. Long – solutions for real estate and business – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs®. – also now serving as director at California Association of Realtors