Housing in 92562 Murrieta, CA is substantially more costly than the US median value. The median value of housing in the area is $621,700, which is approximately 83% more than the US median value of $338,100. In addition to the high cost of housing in 92562 Murrieta, CA, property values have also seen substantial appreciation over the past year. Property values have appreciated by 9.15%, while more modestly, across the US properties have only appreciated 8.27%. Therefore, homeowners and property investors should find that demand for housing and property will likely stay strong in 92562 Murrieta, CA due to high buying power and appreciating prices.
The median home cost in Murrieta (zip 92562) is $621,700. Home appreciation the last 10 years has been 193.0%. Home Appreciation in Murrieta (zip 92562) is up 17.4%.
Average Age of Homes
- The median age of Murrieta (zip 92562) real estate is 19 years old
The Rental Market in Murrieta (zip 92562)
- Renters make up 30.1% of the Murrieta (zip 92562) population
- 0.8% of houses and apartments in Murrieta (zip 92562), 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.