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These days, finding an affordable place to live in the Canyon Lake area can be challenging. Home prices in Canyon Lake are now at a median cost of $686,341, lower than the California average of $812,006.
The average cost of rent is $2,545/mo in Canyon Lake, primarily driven by the current value of real estate in the Canyon Lake area. In Canyon Lake, 18.00% of households rent, and 27.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Canyon Lake is $10,018 per month. Households that rent pay about 25.41% of their income on rent here. Canyon Lake’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Meadowbrook, CA: less expensive homes
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Cities with Similar Populations
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- Tyngsboro, MA: less expensive homes
- Greenville, AL: less expensive homes
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