What Makes Orange County Special?
There are many reasons why you might choose to start building a property portfolio in this part of California. This is a spectacular place to live, boasting exceptional opportunities for those who are willing to put in the work. The same goes for property developers and those building a portfolio!
If you work hard enough and have the right support network around you, building a property portfolio here is easy. Why, though, do people choose to come and live in Irvine and other nearby towns and cities in OC? What makes this the perfect part of the country to think about growing and building your portfolio?
Weather Worth Paying For
The first thing to note is that Orange County has some of the best weather in southern California. Late summer and autumn offer warm, dry, sometimes humid weather that is perfect for the time of year. Winters, though, are especially mild, with precious little risk of frost or snow—when the Santa Ana winds kick in, winter can even be pretty warm here!
That Mediterranean-style climate is one of the main reasons why people choose to reside in Irvine and the OC in general. The mean daily temperatures for the year can sit at around 66.7F, making this a tremendous place to live for those who love the hot weather without living in extreme heat.
Excellent Opportunities
Orange County offers some of the best opportunities for people who want to make a healthy living. The area boasts a huge collection of IT professionals, scientists, and creatives. Other industries well-covered here include the education and healthcare industries, which make up around 22% of those employed. With a below-poverty volume of just 12.5%, this is a well-off, affluent part of America.
Indeed, Irvine has more artists, designers, and media members than nine-tenths of the country. This high number of creatives helps to ensure that Irvine maintains its creative style and aesthetic appeal.
The people here look after their homes, making Irvine one of the most desirable places to live in the country. Opportunities are vast enough here, with various professions available. People looking to build a career and enjoy a happy, opportunity-filled life will find that Irvine boasts everything required.
A Strong Culture
The creatives that make up a significant portion of the professionals in Irvine have done their job: the musical and cultural scene in Irvine is one of the best in California. From the famed Irvine Global Village Festival to the high volume of people who play instruments here, Irvine boasts a great musical and creative culture.
Those who appreciate this side of the world are sure to find a happy home here. That culture shines through in the fact that Orange County boasts some exceptional places of knowledge. Over 70% of Irvine’s adults hold some form of degree, from a four-year college degree to a PhD. This city is one of the most educated in California.
Excellent Outdoors
California’s weather, especially in the south, is some of the best in America. It should come as no surprise, then, that parks like the 19-acre Aldrich Park, the Northwood Community Park, and the San Joaquin Wildlife Sanctuary offer great opportunities to enjoy the outdoors. Community parks are commonplace in residential areas, too, creating a very green place to live.
Outstanding Education
If your primary target market is professionals looking to raise a family, then Orange County is the perfect place to start. Indeed, Irvine is in the top 5% of school districts in America and has some of the most renowned education in the country.
Test scores often rank far higher than the state and national average, too, with the average proficiency in reading and math sitting at around 72%—close to double the state average. Prominent further education facilities include the University of California, Stanbridge University, Concordia University, and California Southern University. Irvine ranks in the national top ten for people aged 25+ with degrees.
Open To All
Another positive aspect of Irvine and its surrounding areas is its ethnic diversity. Indeed, just under 40% of people who live in Irvine were born in another country, one of the highest numbers in America today. Irvine has one of the strongest Asian communities in the state, too, with a large number of Hispanic or Latino people making up the city’s demographics, at around 11%.
Asians make up over 45% of the city’s demographic, though, which attracts an increasingly large Asian population to the town. Locals also have a rich ancestry that includes German, Italian, Iranian, English, and Irish. As such, Irvine is often seen as a city that is open to all—a great place for those looking to build a strong property portfolio that can accommodate all kinds of people and lifestyles.
Minimal Risk Of Crime
According to data on nationwide crime, Irvine has one of the most impressive crime rates in the country for a city of its size. With an average of 17 crimes per 1,000 residents, the chance of being involved in a crime in Irvine is around 1 in 58. When compared to other cities of similar size and standard, Irvine has one of the best criminal rates in the entire country; this further strengthens Irvine as an ideal property portfolio.
Violent crimes are well below the national average, too, and property crimes are rare, with an average chance of being a victim of property crime sitting at around 1 in 61. This means that property owners can feel confident that they, their tenants, and their properties are at minimal risk of being victims of crime.
