Lake Elsinore, CA—92532
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 $623,000, with a year-over-year change of -1.9%. This indicates that home prices in Lake Elsinore, CA are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $623,000 | -1.9% |
| Single Family | $626,000 | -2.3% |
| Condos | $541,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $567,000 | -1.9% |
4 Bed | $623,000 | -2.4% |
| 5 Bed | $678,000 | -2.2% |
% of Housing Stock
Rental Trends — Lake Elsinore, CA
As of July '25, Rentcast reports the average rent in Lake Elsinore, CA is $3,230, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Lake Elsinore, CA is 1-bedrooms: $1,910, 2-bedrooms: $2,400, 3-bedrooms: $3,000, 4-bedrooms: $3,420. The most common rental property sizes in Lake Elsinore, CA are 4-bedroom and 3-bedroom, accounting for 35.9% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $3,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,910 | $1,910 |
| 2 Bed Rent | $2,500 | $2,400 |
| 3 Bed Rent | $2,800 | $3,000 |
| 4 Bed Rent | $3,500 | $3,420 |
% 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 64. This is a increase of 48.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $625,000 | -3.0% |
Listing Count | 110 | -5.0% |
| Listings as % of Homes | 1.0% | -5.0% |
Days on Market | 64 | 48.0% |
Demographics — Lake Elsinore, CA
As of the latest ACS Survey released in 2023, Lake Elsinore, CA has a population of 27,300, which has increased by 7.0% over the past 5 years. Lake Elsinore, CA is a popular place for families, as children make up 27.7% of the population. The area has a moderately educated workforce, with 31.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,300 | 7.0% |
% Under 18 | 27.7% | -14.0% |
% Seniors | 9.8% | 25.6% |
% WFH | 18.4% | 234.5% |
% w/ College Degree | 31.1% | 44.7% |
As of the latest ACS Survey released in 2023, Lake Elsinore, CA is a predominantly white area, with 39.8% of the population identifying as white. The white population has grown by 8.2% in the last 5 years. The second most common race or ethnicity in Lake Elsinore, CA is hispanic, making up 37.4% of the population. Foreign-born residents account for 18.9% of the population in Lake Elsinore, CA, and this percentage has decreased by 3.6% 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 | 39.8% | 8.2% |
% Black | 6.9% | -8.0% |
% Hispanic | 37.4% | -11.6% |
% Asian | 10.5% | 26.5% |
% Foreign Born | 18.9% | -3.6% |
Mortgage and Risk — Lake Elsinore, CA
According to HUD data as of 2023, there were 74 mortgage originations in Lake Elsinore, CA, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Lake Elsinore, CA. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 74 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
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 0.6%. 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 | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $570 | $1,910 | $2,480 |
| 2 Bedroom | $590 | $2,500 | $3,090 |
| 3 Bedroom | $1,330 | $2,800 | $4,130 |
| 4 Bedroom | $1,520 | $3,500 | $5,020 |
Affordability — Lake Elsinore, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $623,000 |
| Median Household Income | $112,000 |