Perris, CA—92570
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Perris, CA
Home Price Trends — Perris, CA
As of Oct '25, the median home price in Perris, CA is $568,000, with a year-over-year change of -0.5%. This indicates that home prices in Perris, CA are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $568,000 | -0.5% |
| Single Family | $568,000 | -0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $376,000 | 3.0% |
2 Bed | $410,000 | 0.5% |
3 Bed | $535,000 | -0.4% |
4 Bed | $628,000 | -1.1% |
| 5 Bed | $761,000 | -0.5% |
% of Housing Stock
Rental Trends — Perris, CA
As of July '25, Rentcast reports the average rent in Perris, CA is $2,750, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Perris, CA is 1-bedrooms: $1,650, 2-bedrooms: $1,980, 3-bedrooms: $3,220, 4-bedrooms: $2,950. The most common rental property sizes in Perris, CA are 3-bedroom and 2-bedroom, accounting for 40.2% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $2,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,650 |
| 2 Bed Rent | $2,000 | $1,980 |
| 3 Bed Rent | $3,100 | $3,220 |
| 4 Bed Rent | $2,900 | $2,950 |
% of Rental Stock
Property Listings — Perris, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Perris, CA is 67. This is a increase of 15.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $731,000 | 8.0% |
Listing Count | 90 | -4.0% |
| Listings as % of Homes | 0.5% | -4.0% |
Days on Market | 67 | 15.0% |
Demographics — Perris, CA
As of the latest ACS Survey released in 2023, Perris, CA has a population of 57,300, which has decreased by -5.9% over the past 5 years. Perris, CA is a popular place for families, as children make up 26.8% of the population. The area has a poorly educated workforce, with 9.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 57,300 | -5.9% |
% Under 18 | 26.8% | -10.7% |
% Seniors | 10.2% | 7.4% |
% WFH | 8.7% | 135.1% |
% w/ College Degree | 9.7% | 32.9% |
As of the latest ACS Survey released in 2023, Perris, CA is a predominantly hispanic area, with 77.0% of the population identifying as hispanic. The hispanic population has grown by 3.8% in the last 5 years. The second most common race or ethnicity in Perris, CA is white, making up 13.7% of the population. Foreign-born residents account for 31.6% of the population in Perris, CA, and this percentage has increased by 9.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 13.7% | -21.3% |
% Black | 4.3% | -29.5% |
% Hispanic | 77.0% | 3.8% |
% Asian | 2.7% | 68.8% |
% Foreign Born | 31.6% | 9.0% |
Mortgage and Risk — Perris, CA
According to HUD data as of 2023, there were 519 mortgage originations in Perris, CA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Perris, CA. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 519 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Perris, CA
As of 2024, the percent of homes in Perris, CA under the Section 8 program is 5.0%. 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. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Perris, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 232 |
Total Units Section 8 | 232 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,500 | $1,570 |
| 2 Bedroom | -$50 | $2,000 | $1,950 |
| 3 Bedroom | -$500 | $3,100 | $2,600 |
| 4 Bedroom | $270 | $2,900 | $3,170 |
Affordability — Perris, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $568,000 |
| Median Household Income | $77,600 |