Menifee, CA—92585
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 $595,000, with a year-over-year change of -1.7%. This indicates that home prices in Menifee, 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 | $595,000 | -1.7% |
| Single Family | $595,000 | -2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $394,000 | -4.6% |
3 Bed | $556,000 | -2.3% |
4 Bed | $620,000 | -2.1% |
| 5 Bed | $675,000 | -2.0% |
% of Housing Stock
Rental Trends — Menifee, CA
As of July '25, Rentcast reports the average rent in Menifee, CA is $3,290, with a year-over-year rent change of 8.6%. Per bedroom, the median rent as of July '25 in Menifee, CA is 1-bedrooms: $1,420, 2-bedrooms: $2,310, 3-bedrooms: $3,220, 4-bedrooms: $3,470. The most common rental property sizes in Menifee, CA are 2-bedroom and 3-bedroom, accounting for 40.9% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,420 |
| 2 Bed Rent | $2,120 | $2,310 |
| 3 Bed Rent | $3,000 | $3,220 |
| 4 Bed Rent | $3,250 | $3,470 |
% 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 61. This is a increase of 43.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $608,000 | 3.0% |
Listing Count | 134 | 58.0% |
| Listings as % of Homes | 1.3% | 58.0% |
Days on Market | 61 | 43.0% |
Demographics — Menifee, CA
As of the latest ACS Survey released in 2023, Menifee, CA has a population of 29,500, which has increased by 35.7% over the past 5 years. Menifee, CA is a popular place for families, as children make up 29.5% of the population. The area has a poorly educated workforce, with 20.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,500 | 35.7% |
% Under 18 | 29.5% | 11.7% |
% Seniors | 12.6% | 7.7% |
% WFH | 11.2% | 100.0% |
% w/ College Degree | 20.0% | 2.0% |
As of the latest ACS Survey released in 2023, Menifee, CA is a predominantly hispanic area, with 52.7% of the population identifying as hispanic. The hispanic population has grown by 12.6% in the last 5 years. The second most common race or ethnicity in Menifee, CA is white, making up 27.0% of the population. Foreign-born residents account for 19.5% of the population in Menifee, CA, and this percentage has increased by 12.1% 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 | 27.0% | -27.6% |
% Black | 7.2% | 1.4% |
% Hispanic | 52.7% | 12.6% |
% Asian | 5.6% | 3.7% |
% Foreign Born | 19.5% | 12.1% |
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 0.7%. 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 | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,310 | $1,000 | $2,310 |
| 2 Bedroom | $750 | $2,120 | $2,870 |
| 3 Bedroom | $830 | $3,000 | $3,830 |
| 4 Bedroom | $1,410 | $3,250 | $4,660 |
Affordability — Menifee, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $595,000 |
| Median Household Income | $97,900 |