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These days, finding an affordable place to live in the Menifee area can be challenging. Home prices in Menifee are now at a median cost of $544,791, lower than the California average of $812,006.
The average cost of rent is $2,495/mo in Menifee, primarily driven by the current value of real estate in the Menifee area. In Menifee, 19.09% of households rent, and 22.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Menifee is $9,045 per month. Households that rent pay about 27.58% of their income on rent here. Menifee’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sun City, CA: less expensive homes
- Canyon Lake, CA: higher priced homes
- Homeland, CA: less expensive homes
- Winchester, CA: higher priced homes
- Meadowbrook, CA: less expensive homes
- Wildomar, CA: equally priced homes
- Good Hope, CA: less expensive homes
- French Valley, CA: higher priced homes
- Murrieta, CA: higher priced homes
- Juniper Springs, CA: less expensive homes
Cities with Similar Populations
- Laredo, TX: less expensive homes
- Lodi, CA: equally priced homes
- Lauderhill, FL: less expensive homes
- Lithonia, GA: less expensive homes
- Lawrence, KS: less expensive homes
- Loveland, CO: equally priced homes
- Lexington, SC: less expensive homes
- Leander, TX: equally priced homes
- Lincoln, NE: less expensive homes
- Lewisville, TX: less expensive homes
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