Murrieta, CA—92562
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Murrieta, CA
Home Price Trends — Murrieta, CA
As of Oct '25, the median home price in Murrieta, CA is $681,000, with a year-over-year change of -1.9%. This indicates that home prices in Murrieta, 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 | $681,000 | -1.9% |
| Single Family | $697,000 | -2.2% |
| Condos | $472,000 | -1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $335,000 | -4.3% |
2 Bed | $488,000 | -3.4% |
3 Bed | $591,000 | -3.1% |
4 Bed | $719,000 | -2.0% |
| 5 Bed | $834,000 | -1.5% |
% of Housing Stock
Rental Trends — Murrieta, CA
As of July '25, Rentcast reports the average rent in Murrieta, CA is $3,140, with a year-over-year rent change of 4.0%. Per bedroom, the median rent as of July '25 in Murrieta, CA is studios: $1,700, 1-bedrooms: $2,000, 2-bedrooms: $2,600, 3-bedrooms: $3,030, 4-bedrooms: $3,370. The most common rental property sizes in Murrieta, CA are 2-bedroom and 3-bedroom, accounting for 34.7% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,100 | $3,140 |
| Studio Rent | $1,700 | $1,700 |
| 1 Bed Rent | $2,000 | $2,000 |
| 2 Bed Rent | $2,500 | $2,600 |
| 3 Bed Rent | $3,000 | $3,030 |
| 4 Bed Rent | $3,420 | $3,370 |
% of Rental Stock
Property Listings — Murrieta, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Murrieta, CA is 60. This is a increase of 24.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $742,000 | -5.0% |
Listing Count | 296 | 18.0% |
| Listings as % of Homes | 0.8% | 18.0% |
Days on Market | 60 | 24.0% |
Demographics — Murrieta, CA
As of the latest ACS Survey released in 2023, Murrieta, CA has a population of 65,100, which has increased by 1.6% over the past 5 years. Murrieta, CA is a popular place for families, as children make up 26.9% of the population. The area has a moderately educated workforce, with 34.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 65,100 | 1.6% |
% Under 18 | 26.9% | 1.9% |
% Seniors | 13.6% | -5.6% |
% WFH | 16.2% | 105.1% |
% w/ College Degree | 34.4% | 11.3% |
As of the latest ACS Survey released in 2023, Murrieta, CA is a predominantly white area, with 51.9% of the population identifying as white. The white population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Murrieta, CA is hispanic, making up 31.9% of the population. Foreign-born residents account for 13.5% of the population in Murrieta, CA, and this percentage has decreased by 2.9% 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 | 51.9% | -7.8% |
% Black | 4.5% | 0.0% |
% Hispanic | 31.9% | 19.9% |
% Asian | 6.0% | -16.7% |
% Foreign Born | 13.5% | -2.9% |
Mortgage and Risk — Murrieta, CA
According to HUD data as of 2023, there were 622 mortgage originations in Murrieta, CA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Murrieta, CA. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 622 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Murrieta, CA
As of 2024, the percent of homes in Murrieta, CA under the Section 8 program is 2.8%. 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 Murrieta, 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 | 183 |
Total Units Section 8 | 183 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $2,000 | $2,350 |
| 2 Bedroom | $420 | $2,500 | $2,920 |
| 3 Bedroom | $900 | $3,000 | $3,900 |
| 4 Bedroom | $1,320 | $3,420 | $4,740 |
Affordability — Murrieta, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $681,000 |
| Median Household Income | $113,000 |