The story of this market
The typical home in Perris, California sells for about $540,000, or $287 per square foot.
Prices are down 4.7% from a year ago, which gives buyers more room to negotiate. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $2,695 a month.
Monthly price momentum
Home values since 2015
+0.5%
CA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Perris, California
The Perris housing market is currently experiencing a cooling phase, with median prices down 4.7% year-over-year and sales volume decreasing. While inventory remains manageable, the market has shifted toward a more competitive but price-sensitive environment for buyers. Data gaps exist regarding specific tax rates and detailed permit activity.
No ARED county foreclosure postings attributed to Perris yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 5.6% year over year.
Homes spend a median of 80 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0.14% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 10.7% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A major regional destination featuring a large reservoir for boating, fishing, and swimming, plus extensive hiking and camping facilities.
Perris is well-suited for family buyers and commuters seeking more affordable housing options compared to coastal Southern California, as well as investors looking for long-term rental demand in the Inland Empire.
Public schools in Perris generally receive lower performance ratings, with an average GreatSchools rating of 3 out of 10 across the city's 20 public campuses.
The city is served by major highway corridors including I-215, facilitating regional connectivity for commuters traveling throughout Riverside County.
Perris offers significant outdoor recreation, anchored by the Lake Perris State Recreation Area, which provides boating, fishing, and camping opportunities for residents.
The rental market shows sustained demand with a median rent of $2,695, though year-over-year rent growth has seen a slight decline of approximately 6%.
The local economy is heavily influenced by the logistics and warehousing sectors, which leverage the city's strategic location in the Inland Empire.
Perris maintains steady population growth of over 1% annually, supported by its role as a logistics and residential hub in the Inland Empire.
Parcels in Perris are subject to various special assessments and local district levies common in Riverside County, including school and utility-related bonds.
The area faces typical Southern California climate risks, including wildfire and heat exposure, which influence regional insurance market conditions.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 0.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from Census Reporter and US Census QuickFacts.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Parcels must comply with the California Subdivision Map Act and Title 18 of the Riverside County Code for legal division, sale, lease, or financing.
California Government Code Section 66499.35; Riverside County Code Title 18
The base tax rate is 1% of the assessed value, plus additional voter-approved debt rates specific to the parcel's Tax Rate Area (TRA).
California Constitution Article XIIIA; Riverside County Auditor-Controller Tax Rate Schedules
applies when — Parcels containing residential units located in the desert areas of Sky Valley, Indio Hills, portions of Bermuda Dunes, and North Shore.
Imposes mandatory parcel charges for the collection of solid waste as established by the Board of Supervisors.
Riverside County Ordinance No. 788 (2023)
Property is assessed at a base-year value upon acquisition or new construction. The assessed value is limited to a maximum annual increase of 2% unless a change in ownership or new construction occurs, which triggers a reassessment to market value. Supplemental assessments are issued for mid-year changes.
California Constitution Article XIIIA; Revenue and Taxation Code Sections 60-69
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.