Affordable
Expensive
Expensive
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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 $401,488, lower than the California average of $648,235.
The average cost of rent is $1,907/mo in Lake Elsinore, primarily driven by the current value of real estate in the Lake Elsinore area. While nearly 20.00% of residents own their homes outright in Lake Elsinore, 28.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Elsinore is $7,588 per month. Households that rent pay about 25.13% of their income on rent here. Lake Elsinore's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
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: equally priced 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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