Menifee, CA—92584
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Menifee, CA
As of Oct '25, the median home price in Menifee, CA is $625,000, with a year-over-year change of -1.9%. This indicates that home prices in Menifee, CA are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $625,000 | -1.9% |
| Single Family | $626,000 | -2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $524,000 | -3.5% |
3 Bed | $578,000 | -2.2% |
4 Bed | $644,000 | -2.3% |
| 5 Bed | $707,000 | -2.2% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Menifee, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Menifee, CA is 63. This is a increase of 25.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $649,000 | -1.0% |
Listing Count | 274 | 21.0% |
| Listings as % of Homes | 1.2% | 21.0% |
Days on Market | 63 | 25.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 57,600 | 12.2% |
% Under 18 | 27.2% | -3.5% |
% Seniors | 12.3% | 0.0% |
% WFH | 13.8% | 122.6% |
% w/ College Degree | 28.1% | 21.6% |
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
| Metric | Latest Census | 5-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% |
Mortgage and Risk — Menifee, CA
Menifee, CA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip 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 |
Loan Activity
No data available
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $625,000 |
| Median Household Income | $113,000 |