Real Estate Market Update for 92584 (Menifee, CA)
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Welcome to March's Market Update,. Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was up 44% from one year earlier, and down 10% 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 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 56%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 290-thousand dollars. The number of units sold decreased 25% year-over-year, and increased 9% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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 92584 (Menifee, CA)
Area Information for 92584 (Menifee, CA)
  • Population: 43,598
  • Median Age: 31.55 yr
  • Median Commute Time: 29.46 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 1,463/sq mi
  • Population Change Since 2000: 196.08%
  • Closest Airport: Ontario International
  • Closest College: University Of California-riverside
  • Closest Jr. College: Mount San Jacinto College-menifee Valley
  • Median Household Income: $73,165
  • Annual Residential Turnover: 17.24%
  • Median Years in Residence: 3.89 yr
  • Median Home Sales Price: $215,500
  • Closest Major Sports Team: Anaheim Ducks
  • Change Avg. Household Income Since 2000: 43%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 92584 (Menifee, CA)
Median Age: 31.55 Married: 34% Number of Households: 13,245 Households with Children: 6,649
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 92584 (Menifee, CA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Menifee Preschool 0.0 mi Public PRESCHOOL-PRESCHOOL 0 0
      Paloma Valley High School 1.2 mi Public 9-12 4 3
      Bell Mountain Middle School 1.4 mi Public 6-8 3-5 3
      Revival Christian Academy 1.5 mi Private K-12 0 5
      Southshore Elementary School 1.8 mi Public K-6 3-5 4
      Menifee Valley Middle School 1.8 mi Public 6-8 3 2
      Chester W. Morrison Elementary School 1.9 mi Public K-5 3 3
      Callie Kirkpatrick Elementary School 1.9 mi Public K-5 4 4
      Good Shepherd Lutheran School & Cdc 2.3 mi Private PRESCHOOL-8 0 3
      Evans Ranch Elementary School 2.5 mi Public K-5 4 5
      Freedom Crest Elementary School 3.0 mi Public K-5 3-5 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 92584 (Menifee, 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.