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Menifee, CA—92584

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$623,000
2.3% YoY Growth
Household Income
$113,000
28.6% YoY Growth
Days on Market
72
28.0% Longer YoY
Home Price Forecast
1.9%
Median Rent
$3,200
1.5% YoY Growth
1-Bed Rent
$1,900
28.6% YoY Growth
2-Bed Rent
$2,600
23.3% YoY Growth
3-Bed Rent
$3,200
5.4% YoY Growth

Other Zip Codes in Menifee, CA

925879258692585
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Menifee, CA

As of Dec '25, the median home price in Menifee, CA is $623,000, with a year-over-year change of -2.3%. This indicates that home prices in Menifee, CA are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$623,000-2.3%
Single Family $624,000-2.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$523,000-3.5%
    3 Bed
    		$575,000-2.4%
    4 Bed
    		$642,000-2.4%
    5 Bed $703,907-2.4%
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    % of Housing Stock

    Studio
    2.5%
    1 Bedroom
    2.1%
    2 Bedrooms
    11.9%
    3 Bedrooms
    38.0%
    4 Bedrooms
    32.1%
    5+ Bedrooms
    13.4%

    Rental Trends — Menifee, CA

    As of July '25, Rentcast reports the average rent in Menifee, CA is $3,180, with a year-over-year rent change of -1.5%. Per bedroom, the median rent as of July '25 in Menifee, CA is studios: $3,200, 1-bedrooms: $1,870, 2-bedrooms: $2,640, 3-bedrooms: $3,150, 4-bedrooms: $3,450. The most common rental property sizes in Menifee, CA are 3-bedroom and 2-bedroom, accounting for 30.8% and 25.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,200$3,180
    Studio Rent $3,200$3,200
    1 Bed Rent $1,900$1,870
    2 Bed Rent $2,600$2,640
    3 Bed Rent $3,200$3,150
    4 Bed Rent $3,400$3,450
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    % of Rental Stock

    Studio
    5.0%
    1 Bedroom
    9.1%
    2 Bedrooms
    25.4%
    3 Bedrooms
    30.8%
    4 Bedrooms
    17.8%
    5+ Bedrooms
    12.0%

    Property Listings — Menifee, CA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Menifee, CA is 60. This is a increase of 27.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$641,000-2.0%
    Listing Count
    		22619.0%
    Listings as % of Homes1.2%19.0%
    Days on Market
    		7228.0%
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    Demographics — Menifee, CA

    As of the latest ACS Survey released in 2023, Menifee, CA has a population of 57,600, which has increased by 12.2% over the past 5 years. Menifee, CA is a popular place for families, as children make up 27.2% of the population. The area has a moderately educated workforce, with 28.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		57,60012.2%
    % Under 18
    		27.2%-3.5%
    % Seniors
    		12.3%0.0%
    % WFH
    		13.8%122.6%
    % w/ College Degree
    		28.1%21.6%
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    As of the latest ACS Survey released in 2023, Menifee, CA is a predominantly white area, with 42.6% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Menifee, CA is hispanic, making up 35.1% of the population. Foreign-born residents account for 13.3% of the population in Menifee, CA, and this percentage has decreased by 7.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		42.6%-9.7%
    % Black
    		7.6%2.7%
    % Hispanic
    		35.1%1.4%
    % Asian
    		8.4%21.7%
    % Foreign Born
    		13.3%-7.0%
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    Mortgage and Risk — Menifee, CA

    Menifee, CA lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		N/A
    % Conventional Loans
    		N/A
    % Government Loans
    		N/A
    % Investor Loans
    		N/A
    % Second Loans
    		N/A
    % Cash Out Refinance
    		N/A
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    Rentals and Section 8 — Menifee, CA

    As of 2024, the percent of homes in Menifee, CA under the Section 8 program is 1.0%. 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. In Menifee, 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
    		26
    Total Units Section 8
    		26
    % Rentals under Section 8
    		1.0%
    % Occupied Section 8
    		89.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$710$1,900$2,610
    2 Bedroom$650$2,600$3,250
    3 Bedroom$1,140$3,200$4,340
    4 Bedroom$1,880$3,400$5,280

    Affordability — Menifee, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.3
    Median Home Price$623,000
    Median Household Income$113,000

    Menifee, CA — ZIP Code Boundary Map

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    Frequently Asked Questions