Homes, condos and land for sale and rent in Newport Beach, CA
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Newport Beach geography
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Brief information about Newport Beach
The city’s median family income and property values consistently place high in national rankings. The Daily Pilot, a newspaper published in the neighboring city of Costa Mesa but which serves the greater Newport-Mesa community, reported in 2010 that more than a quarter of households have an income greater than $200,000, and the median value for homes exceeds $1 million.
In 1905 city development increased when Pacific Electric Railway established a southern terminus in Newport connecting the beach with downtown Los Angeles. In 1906 (with a population of 206 citizens), the scattered settlements were incorporated as the City of Newport Beach.
Settlements filled in on the Peninsula, West Newport, Newport Island, Balboa Island and Lido Isle. In 1923 Corona del Mar was annexed and in 2002 Newport Coast, East Santa Ana Heights and San Joaquin Hills, were annexed. In 2008, after a long battle with the city of Costa Mesa, Newport Beach annexed West Santa Ana Heights.
The city is bordered on the west by Huntington Beach at the Santa Ana River; on the north by Costa Mesa, John Wayne Airport, the City of Irvine and UC Irvine; and on the east by Crystal Cove State Park.
According to the United States Census Bureau, the city has a total area of 53.0 square miles (137 km2). 23.8 square miles (62 km2) of it is land and 29.2 square miles (76 km2) of it (55.07%) is water.
Areas of Newport Beach include Corona del Mar, Balboa Island, Balboa Peninsula (also known as Balboa), Lido Peninsula, Newport Coast, San Joaquin Hills, and Santa Ana Heights, and West Newport.
The Census reported that 84,784 people (99.5% of the population) lived in households, 151 (0.2%) lived in non-institutionalized group quarters, and 251 (0.3%) were institutionalized.
There were 38,751 households, out of which 8,212 (21.2%) had children under the age of 18 living in them, 17,273 (44.6%) were opposite-sex married couples living together, 2,608 (6.7%) had a female householder with no husband present, 1,199 (3.1%) had a male householder with no wife present. There were 1,846 (4.8%) unmarried opposite-sex partnerships, and 233 (0.6%) same-sex married couples or partnerships. 12,838 households (33.1%) were made up of individuals and 4,412 (11.4%) had someone living alone who was 65 years of age or older. The average household size was 2.19. There were 21,080 families (54.4% of all households); the average family size was 2.81.
The population was spread out with 14,744 people (17.3%) under the age of 18, 6,659 people (7.8%) aged 18 to 24, 22,299 people (26.2%) aged 25 to 44, 25,322 people (29.7%) aged 45 to 64, and 16,162 people (19.0%) who were 65 years of age or older. The median age was 44.0 years. For every 100 females there were 97.1 males. For every 100 females age 18 and over, there were 95.5 males.
There were 44,193 housing units at an average density of 834.2 per square mile (322.1/km²), of which 21,224 (54.8%) were owner-occupied, and 17,527 (45.2%) were occupied by renters. The homeowner vacancy rate was 1.7%; the rental vacancy rate was 7.8%. 50,511 people (59.3% of the population) lived in owner-occupied housing units and 34,273 people (40.2%) lived in rental housing units.
During 2009–2013, Newport Beach had a median household income of $106,333, with 7.9% of the population living below the federal poverty line
Newport Beach is home to one Fortune 500 company, insurer Pacific Life. Other companies based in Newport Beach include Acacia Research, Conexant, Galardi Group (Wienerschnitzel, The Original Hamburger Stand, and Tastee-Freez) Jazz Semiconductor, and PIMCO. Fletcher Jones Motor Cars in Newport Beach is the largest Mercedes-Benz dealership in the world. At one time Edwards Theatres had its headquarters in Newport Beach. Before its dissolution Air California was headquartered in Newport Beach. The city’s largest law firm is Stradling Yocca Carlson & Rauth, with approximately 75 attorneys at its Fashion Island location. Toyota has a design center, Calty Design Research, in Newport Beach which is responsible for the exterior design of the 2nd, 5th, and 7th generation Celica, as well as some Lexus and Scion models.