Lake Elsinore, CA—92530
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lake Elsinore, CA
Home Price Trends — Lake Elsinore, CA
As of Oct '25, the median home price in Lake Elsinore, CA is $558,000, with a year-over-year change of -2.5%. This indicates that home prices in Lake Elsinore, CA are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $558,000 | -2.5% |
| Single Family | $564,000 | -2.6% |
| Condos | $386,000 | -1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $322,000 | 0.0% |
2 Bed | $388,000 | -2.8% |
3 Bed | $535,000 | -3.1% |
4 Bed | $610,000 | -2.7% |
| 5 Bed | $676,000 | -2.7% |
% of Housing Stock
Rental Trends — Lake Elsinore, CA
As of July '25, Rentcast reports the average rent in Lake Elsinore, CA is $2,490, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Lake Elsinore, CA is studios: $1,240, 1-bedrooms: $1,590, 2-bedrooms: $2,080, 3-bedrooms: $2,780, 4-bedrooms: $3,300. The most common rental property sizes in Lake Elsinore, CA are 3-bedroom and 2-bedroom, accounting for 34.0% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,490 |
| Studio Rent | $1,200 | $1,240 |
| 1 Bed Rent | $1,600 | $1,590 |
| 2 Bed Rent | $2,100 | $2,080 |
| 3 Bed Rent | $2,700 | $2,780 |
| 4 Bed Rent | $3,200 | $3,300 |
% of Rental Stock
Property Listings — Lake Elsinore, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Elsinore, CA is 60. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | 0.0% |
Listing Count | 211 | 16.0% |
| Listings as % of Homes | 0.8% | 16.0% |
Days on Market | 60 | 11.0% |
Demographics — Lake Elsinore, CA
As of the latest ACS Survey released in 2023, Lake Elsinore, CA has a population of 60,900, which has increased by 7.7% over the past 5 years. Lake Elsinore, CA is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 60,900 | 7.7% |
% Under 18 | 27.4% | -10.2% |
% Seniors | 9.6% | 29.7% |
% WFH | 8.4% | 95.3% |
% w/ College Degree | 17.4% | 39.2% |
As of the latest ACS Survey released in 2023, Lake Elsinore, CA is a predominantly hispanic area, with 60.8% of the population identifying as hispanic. The hispanic population has grown by 3.2% in the last 5 years. The second most common race or ethnicity in Lake Elsinore, CA is white, making up 27.7% of the population. Foreign-born residents account for 22.0% of the population in Lake Elsinore, CA, and this percentage has decreased by 5.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 27.7% | -12.3% |
% Black | 4.4% | 10.0% |
% Hispanic | 60.8% | 3.2% |
% Asian | 4.1% | 46.4% |
% Foreign Born | 22.0% | -5.2% |
Mortgage and Risk — Lake Elsinore, CA
According to HUD data as of 2023, there were 869 mortgage originations in Lake Elsinore, CA, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Lake Elsinore, CA. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 869 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Lake Elsinore, CA
As of 2024, the percent of homes in Lake Elsinore, CA under the Section 8 program is 6.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lake Elsinore, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 319 |
Total Units Section 8 | 319 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 89.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $510 | $1,600 | $2,110 |
| 2 Bedroom | $410 | $2,100 | $2,510 |
| 3 Bedroom | $700 | $2,700 | $3,400 |
| 4 Bedroom | $830 | $3,200 | $4,030 |
Affordability — Lake Elsinore, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $558,000 |
| Median Household Income | $84,800 |