Real Estate Market Update for 92530 (Lake Elsinore, CA)
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Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 6% from one year earlier, and down 11% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 30%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 250-thousand dollars. The number of units sold increased 14% year-over-year, and increased 24% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 92530 (Lake Elsinore, CA)
Area Information for 92530 (Lake Elsinore, CA)
  • Population: 52,592
  • Median Age: 29.66 yr
  • Median Commute Time: 32.89 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 976/sq mi
  • Population Change Since 2000: 37.43%
  • Closest Airport: John Wayne Airport-orange County
  • Closest College: La Sierra University
  • Closest Jr. College: Mount San Jacinto College-menifee Valley
  • Median Household Income: $54,702
  • Annual Residential Turnover: 17.04%
  • Median Years in Residence: 3.25 yr
  • Median Home Sales Price: $159,031
  • Closest Major Sports Team: Anaheim Ducks
  • Change Avg. Household Income Since 2000: 38%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 92530 (Lake Elsinore, CA)
Median Age: 29.66 Married: 26% Number of Households: 15,257 Households with Children: 8,283
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 92530 (Lake Elsinore, CA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Lakeland Children's Center 3.8 mi Private PRESCHOOL-K 0 4
      Lakeland Village School 4.3 mi Public K-8 1 3
      Lakeside High School 5.0 mi Public 9-12 3 3
      Withrow Elementary School 5.7 mi Public PRESCHOOL-5 3 3
      Elsinore Middle School 5.9 mi Public 6-8 2-5 4
      Machado Elementary School 6.0 mi Public K-5 1 2
      Elsinore Elementary School 6.2 mi Public K-5 1 3
      Kids Cottage 6.3 mi Private PRESCHOOL-K 0 0
      Keith Mccarthy Academy 6.4 mi Public 9-12 1 0
      Ortega High School 6.4 mi Public 9-12 2 3
      Valley Adult 6.4 mi Public - 0 0
      Railroad Canyon Elementary School 6.5 mi Public K-5 2 4
      Southern California Online Academy 6.6 mi Public - 0 0
      Preschool 6.7 mi Public PRESCHOOL-PRESCHOOL 0 0
      Rice Canyon Elementary School 6.9 mi Public PRESCHOOL-5 4 4
      Terra Cotta Middle School 7.1 mi Public 6-8 3 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 92530 (Lake Elsinore, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.