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The homeowner vacancy rate was 2.2%; the rental vacancy rate was 6.2%. 109,846 people (51.7% of the population) lived in owner-occupied housing units and 95,973 people (45.2%) lived in rental housing units. During 2009–2013, Irvine had a median household income of $90,585, with 12.2% of the population living below the federal poverty line. [33]
San Diego ($31,043), Los Angeles ($27,987), and Sacramento ($27,071) counties all had per capita incomes near that of the state. Map of counties by per capita income (ACS 2016–2020). Areas with higher income are shaded more purple, areas with lower income are shaded more orange. Map of counties by median household income (ACS 2016–2020).
Section 8 (housing) Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]
University Hills is a housing development on the campus of the University of California, Irvine (UCI) in southern Irvine, California, United States, consisting of 1226 for-sale homes and 384 rental units. [1] University Hills was developed by the Irvine Campus Housing Authority, a not-for-profit corporation under the control of the university.
Affordable housing is housing specifically allocated for individuals earning 80% or less of the area median income (AMI) of the region they reside in, and restrics their rent payment to 30% of their monthly income. [158] Mixed-income housing is defined by Brophy and Smith as "a mix of subsidized and market-rate housing". [159]
The report's key figure, the "Housing Wage," reveals the hourly earnings necessary for full-time workers to afford fair market rental homes without exceeding 30% of their incomes. Nationally, the 2023 Housing Wage is $28.58 per hour for a modest two-bedroom home and $23.67 per hour for a one-bedroom home.
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