Housing in Lake Elsinore, CA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$615,000
Median List Price
$599,458
Price Per Sq Ft
$278
Days on Market
75
Active Inventory
157
Months of Supply
3.1
Seller's market
Zillow Home Value
$579,333
ZHVI — January 2026
Zillow Rent Index
$2,423
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
43.1%
Off Market in 2 Weeks
13.7%
Sale-to-List Ratio
99.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
51
New Listings
60
Pending Sales
73
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$278
Median List $/SF
$295
Lake Elsinore vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Lake Elsinore is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$505,700
Median Rent
$1,915
Total Housing Units
21,554
Vacancy Rate
5.3%
Owner Occupied
71.6%
Renter Occupied
28.4%
Median Property Tax
$5,209
per year
Monthly Cost (w/ Mortgage)
$2,351
Housing Types
The current median sale price in Lake Elsinore, CA is $615,000 according to Redfin data. Homes spend a median of 75 days on the market. 43.1% of homes sold above asking price. The market has 3.1 months of supply. The median price per square foot is $278. Zillow's observed rent index is $2,423/month. About 71.6% of housing units are owner-occupied. The median year homes were built is 2002. There are 21,554 total housing units.