The housing market in Lake Elsinore, CA is flourishing. The median value of houses is currently at $527,600 which is significantly higher than the US House Median Value of $338,100. In addition to this, the US House appreciation rate for the past year was 8.27%, however in Lake Elsinore it was even higher at 9.15%. This shows that the housing market in Lake Elsinore is an attractive option for those looking to buy or invest in property and offers an excellent opportunity to gain a return on their investment.
The median home cost in Lake Elsinore is $527,600. Home appreciation the last 10 years has been 193.0%. Home Appreciation in Lake Elsinore is up 17.4%.
Average Age of Homes
- The median age of Lake Elsinore real estate is 18 years old
The Rental Market in Lake Elsinore
- Renters make up 31.7% of the Lake Elsinore population
- 1.0% of houses and apartments in Lake Elsinore, 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.