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These days, finding an affordable place to live in the Lake Elsinore area can be challenging. Home prices in Lake Elsinore are now at a median cost of $555,934, lower than the California average of $812,006.
The average cost of rent is $2,317/mo in Lake Elsinore, primarily driven by the current value of real estate in the Lake Elsinore area. In Lake Elsinore, 29.83% of households rent, and 25.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Elsinore is $9,361 per month. Households that rent pay about 24.76% of their income on rent here. Lake Elsinore’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lakeland Village, CA: less expensive homes
- Meadowbrook, CA: less expensive homes
- Canyon Lake, CA: higher priced homes
- Alberhill, CA: higher priced homes
- Wildomar, CA: equally priced homes
- Good Hope, CA: less expensive homes
- Menifee, CA: equally priced homes
- Temescal Valley, CA: higher priced homes
- Murrieta, CA: higher priced homes
- Sun City, CA: less expensive homes
Cities with Similar Populations
- Clayton, NC: less expensive homes
- Columbus, IN: less expensive homes
- Corvallis, OR: less expensive homes
- Dover, DE: less expensive homes
- Dundalk, MD: less expensive homes
- Ewa Beach, HI: higher priced homes
- Trujillo Alto, PR: less expensive homes
- Palo Alto, CA: higher priced homes
- Petaluma, CA: higher priced homes
- Pine Hills, FL: less expensive homes
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