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Menifee, California

Realtor Aug 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Demand is unremarkable. Hotness 41/100, supply score 52, homes go under contract 3.3% faster than the US median, at 152% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $99K, +2.9% YoY (ZIP); renters hold 18.8% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +4.2% YoY. inventory, −2.0% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $654,820 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

4 ZIPs in this city:92584 92585 92586 92587

Market Hotness

41 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−3.3%

homes sell faster here

152%

of national median · above avg

Median Listing Price

$655K

Population

129,885

42,994

Median Days on Market

Active Listings

458

New Listings

192

Housing Market

The median listing price is up 4.2% YoY while the median home got up 2.4% bigger, so value per square foot is up 1.1%.

Pricing

Median Listing Price

$655K+4.2% YoY

Average Listing Price

$735K+5.3% YoY

Price per Sq Ft

$304.688+1.1% YoY

Median Sq Ft

2,162+2.4% YoY

Inventory

Active Listings

458-5.2% YoY

New Listings

192-9.4% YoY

Total Listings

674-2.0% YoY

Buyer Competition

Pending Listings

208+2.0% YoY

Pending Ratio

0.45+7.5% YoY

Median Days on Market

58+3.9% YoY

Price Reduced

20.6%-9.3% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 869,414

869Kunits

Occupied775,33589.2%

Vacant94,07910.8%

2024 Tenure ⓘ

U.S. Census ACS · n = 775,335

775Koccupied

Owner535,98669.1%

Renter239,34930.9%

Renter Share

30.9%-0.9% YoY

Total Housing Units

869,414+1.1% YoY

FY2026 Fair Market Rent

CountyRiverside County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,692

/month

1 BR

$1,777

/month

2 BR

$2,201

/month

3 BR

$2,912

/month

4 BR

$3,514

/month

FMR trends · Riverside County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 18.8% of this ZIP's 42,994 occupied households, on a median household income of $99K.

Population & Age

Total Population

129,885+4.1% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 129,885

130Kresidents

Under 1832,37724.9%

Adults 18–6474,55557.4%

65 & Over22,95317.7%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

39.640.0% YoY

Population Under 18

32,377+2.2% YoY

Population 65 & Over

22,953+4.5% YoY

Households & Mobility

Total Households

42,994+5.3% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

3.02-1.1% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house90.2%

Moved (within US)9.6%

Other0.2%

Veterans

9.4%-6.5% YoY

Income & Poverty

Median Household Income

$99K+2.9% YoY

Per-Capita Income

$41K+6.2% YoY

Mean Household Income

$120K+4.7% YoY

Below Poverty Level

9.0%-3.5% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone74.9%

Public transit0.2%

Worked from home15.1%

Other9.8%

Worked From Home

15.1%+5.7% YoY

Mean Commute

42.22+0.3% YoY

Units & Tenure

Total Housing Units

45,510+4.6% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 45,510

46Kunits

Occupied42,99494.5%

Vacant2,5165.5%

2024 Tenure ⓘ

U.S. Census ACS · n = 42,994

43Khouseholds

Owner34,90281.2%

Renter8,09218.8%

Avg Household Size — Owner

3.08-0.6% YoY

Avg Household Size — Renter

2.72-3.6% YoY

County Demographics

County population is up 1.2% to 2,478,600: residents under 18 are down 0.2% and those 65 and over are up 3.2%.

Median Age

37.02024

Population

Riverside County Population

2,529,933+1.1% YoY

Households

Total Households

775,335+1.7% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

3.15-0.6% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 2,478,600

2.5Mresidents

Under 18597,36924.1%

Adults 18–641,498,34360.5%

65 & Over382,88815.4%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

597,369-0.2% YoY

Population 65 & Over

382,888+3.2% YoY

Median Age

37.00+0.8% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house90.6%

Moved (within US)9.0%

Other0.4%

Veterans

5.8%-3.3% YoY

County Economy

County median household income is $93K, 10.6% of residents are below the poverty level, 12.3% work from home.

Income

Median Household Income

$93K+3.8% YoY

Per-Capita Income

$38K+3.1% YoY

Mean Household Income

$119K+2.8% YoY

Poverty

Below Poverty Level

10.6%-4.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone73.3%

Public transit0.7%

Worked from home12.3%

Other13.7%

Worked From Home

12.3%+12.8% YoY

Mean Commute

33.800.0% YoY

Done with Menifee? Put it next to another market.

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Menifee, California

Realtor Aug 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Demand is unremarkable. Hotness 41/100, supply score 52, homes go under contract 3.3% faster than the US median, at 152% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $99K, +2.9% YoY (ZIP); renters hold 18.8% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +4.2% YoY. inventory, −2.0% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

4 ZIPs in this city:92584 92585 92586 92587

Market Hotness

41 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−3.3%

homes sell faster here

152%

of national median · above avg

Median Listing Price

$655K

Population

129,885

42,994

Median Days on Market

Active Listings

458

New Listings

192

Housing Market

The median listing price is up 4.2% YoY while the median home got up 2.4% bigger, so value per square foot is up 1.1%.

Pricing

Median Listing Price

$655K+4.2% YoY

Average Listing Price

$735K+5.3% YoY

Price per Sq Ft

$304.688+1.1% YoY

Median Sq Ft

2,162+2.4% YoY

Inventory

Active Listings

458-5.2% YoY

New Listings

192-9.4% YoY

Total Listings

674-2.0% YoY

Buyer Competition

Pending Listings

208+2.0% YoY

Pending Ratio

0.45+7.5% YoY

Median Days on Market

58+3.9% YoY

Price Reduced

20.6%-9.3% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 869,414

869Kunits

Occupied775,33589.2%

Vacant94,07910.8%

2024 Tenure ⓘ

U.S. Census ACS · n = 775,335

775Koccupied

Owner535,98669.1%

Renter239,34930.9%

Renter Share

30.9%-0.9% YoY

Total Housing Units

869,414+1.1% YoY

FY2026 Fair Market Rent

CountyRiverside County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,692

/month

1 BR

$1,777

/month

2 BR

$2,201

/month

3 BR

$2,912

/month

4 BR

$3,514

/month

FMR trends · Riverside County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 18.8% of this ZIP's 42,994 occupied households, on a median household income of $99K.

Population & Age

Total Population

129,885+4.1% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 129,885

130Kresidents

Under 1832,37724.9%

Adults 18–6474,55557.4%

65 & Over22,95317.7%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

39.640.0% YoY

Population Under 18

32,377+2.2% YoY

Population 65 & Over

22,953+4.5% YoY

Households & Mobility

Total Households

42,994+5.3% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

3.02-1.1% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house90.2%

Moved (within US)9.6%

Other0.2%

Veterans

9.4%-6.5% YoY

Income & Poverty

Median Household Income

$99K+2.9% YoY

Per-Capita Income

$41K+6.2% YoY

Mean Household Income

$120K+4.7% YoY

Below Poverty Level

9.0%-3.5% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone74.9%

Public transit0.2%

Worked from home15.1%

Other9.8%

Worked From Home

15.1%+5.7% YoY

Mean Commute

42.22+0.3% YoY

Units & Tenure

Total Housing Units

45,510+4.6% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 45,510

46Kunits

Occupied42,99494.5%

Vacant2,5165.5%

2024 Tenure ⓘ

U.S. Census ACS · n = 42,994

43Khouseholds

Owner34,90281.2%

Renter8,09218.8%

Avg Household Size — Owner

3.08-0.6% YoY

Avg Household Size — Renter

2.72-3.6% YoY

County Demographics

County population is up 1.2% to 2,478,600: residents under 18 are down 0.2% and those 65 and over are up 3.2%.

Median Age

37.02024

Population

Riverside County Population

2,529,933+1.1% YoY

Households

Total Households

775,335+1.7% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

3.15-0.6% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 2,478,600

2.5Mresidents

Under 18597,36924.1%

Adults 18–641,498,34360.5%

65 & Over382,88815.4%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

597,369-0.2% YoY

Population 65 & Over

382,888+3.2% YoY

Median Age

37.00+0.8% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house90.6%

Moved (within US)9.0%

Other0.4%

Veterans

5.8%-3.3% YoY

County Economy

County median household income is $93K, 10.6% of residents are below the poverty level, 12.3% work from home.

Income

Median Household Income

$93K+3.8% YoY

Per-Capita Income

$38K+3.1% YoY

Mean Household Income

$119K+2.8% YoY

Poverty

Below Poverty Level

10.6%-4.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone73.3%

Public transit0.7%

Worked from home12.3%

Other13.7%

Worked From Home

12.3%+12.8% YoY

Mean Commute

33.800.0% YoY

Done with Menifee? Put it next to another market.