The housing market in Menifee, CA (zip code 92585) is highly desirable due to its relatively low median home value of $562,600. This is significantly lower than the US housing median value of $338,100 and provides an attractive option for potential buyers. In addition, the 1 year house appreciation rate in Menifee is 9.15%, higher than the US average of 8.27%. This suggests that buying a home in Menifee would be a good long-term investment. Overall, Menifee is an ideal location for those seeking an affordable place to live with a high potential for wealth growth.
The median home cost in Menifee (zip 92585) is $562,600. Home appreciation the last 10 years has been 193.0%. Home Appreciation in Menifee (zip 92585) is up 17.4%.
Average Age of Homes
- The median age of Menifee (zip 92585) real estate is 16 years old
The Rental Market in Menifee (zip 92585)
- Renters make up 23.0% of the Menifee (zip 92585) population
- 0.2% of houses and apartments in Menifee (zip 92585), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.