The housing market in Menifee, CA (92584) is very competitive. The median value of homes in this area is $576,300, which is significantly higher than the US median value of $338,100. This demonstrates a strong demand for housing within the city. In the past year, house appreciation in Menifee has been 9.15%, higher than the US average of 8.27%. This shows that home values are continuing to increase in Menifee, creating an attractive investment opportunity for potential buyers and investors.
The median home cost in Menifee (zip 92584) is $576,300. Home appreciation the last 10 years has been 193.0%. Home Appreciation in Menifee (zip 92584) is up 17.4%.
Average Age of Homes
- The median age of Menifee (zip 92584) real estate is 14 years old
The Rental Market in Menifee (zip 92584)
- Renters make up 21.8% of the Menifee (zip 92584) population
- 0.9% of houses and apartments in Menifee (zip 92584), 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.