Perris, CA—92571
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 $522,000, with a year-over-year change of -1.8%. This indicates that home prices in Perris, CA are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $522,000 | -1.8% |
| Single Family | $523,000 | -1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $419,000 | 0.0% |
3 Bed | $491,000 | -2.0% |
4 Bed | $544,000 | -2.0% |
| 5 Bed | $609,000 | -2.4% |
% of Housing Stock
Rental Trends — Perris, CA
As of July '25, Rentcast reports the average rent in Perris, CA is $2,630, with a year-over-year rent change of -2.6%. Per bedroom, the median rent as of July '25 in Perris, CA is studios: $850, 1-bedrooms: $1,960, 2-bedrooms: $2,540, 3-bedrooms: $2,800, 4-bedrooms: $3,010. The most common rental property sizes in Perris, CA are 3-bedroom and 4-bedroom, accounting for 41.4% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $2,630 |
| Studio Rent | $850 | $850 |
| 1 Bed Rent | $2,130 | $1,960 |
| 2 Bed Rent | $2,570 | $2,540 |
| 3 Bed Rent | $2,840 | $2,800 |
| 4 Bed Rent | $3,050 | $3,010 |
% 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 45. This is a increase of 8.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $571,000 | 3.0% |
Listing Count | 124 | 24.0% |
| Listings as % of Homes | 0.6% | 24.0% |
Days on Market | 45 | 8.0% |
Demographics — Perris, CA
As of the latest ACS Survey released in 2023, Perris, CA has a population of 60,200, which has increased by 6.6% over the past 5 years. Perris, CA is a popular place for families, as children make up 28.0% of the population. The area has a poorly educated workforce, with 11.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 60,200 | 6.6% |
% Under 18 | 28.0% | -14.4% |
% Seniors | 8.2% | 34.4% |
% WFH | 3.7% | -2.6% |
% w/ College Degree | 11.8% | 18.0% |
As of the latest ACS Survey released in 2023, Perris, CA is a predominantly hispanic area, with 78.3% of the population identifying as hispanic. The hispanic population has grown by 5.1% in the last 5 years. The second most common race or ethnicity in Perris, CA is black, making up 10.2% of the population. Foreign-born residents account for 30.0% of the population in Perris, CA, and this percentage has decreased by 0.7% 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 | 7.6% | -14.6% |
% Black | 10.2% | -2.9% |
% Hispanic | 78.3% | 5.1% |
% Asian | 2.9% | -38.3% |
% Foreign Born | 30.0% | -0.7% |
Mortgage and Risk — Perris, CA
According to HUD data as of 2023, there were 17 mortgage originations in Perris, CA, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Perris, CA. Investor activity is low, as 0.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 17 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Perris, CA
As of 2024, the percent of homes in Perris, CA under the Section 8 program is 5.9%. 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. 2-bedroom and 3-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 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 239 |
Total Units Section 8 | 239 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $2,130 | $2,080 |
| 2 Bedroom | $20 | $2,570 | $2,590 |
| 3 Bedroom | $620 | $2,840 | $3,460 |
| 4 Bedroom | $1,160 | $3,050 | $4,210 |
Affordability — Perris, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $522,000 |
| Median Household Income | $85,700 |