The story of this market
The typical home in ZIP 92584 sells for about $620,000, or $282 per square foot.
Prices are down 1.6% from a year ago, which gives buyers more room to negotiate. Homes take about 66 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,448 a month.
ZIP 92584 — Menifee
The 92584 housing market is currently experiencing a period of price correction, with median sale prices down 1.6% year-over-year as of March 2026. While the market remains somewhat competitive with homes selling in 66 days, the softening in price per square foot and rent trends suggests a cooling phase compared to previous years. This shift is largely driven by broader economic pressures and a stabilization in demand for new residential inventory.
This ZIP is primarily suited for family buyers and commuters who prioritize newer, single-family housing stock and a suburban lifestyle over immediate proximity to major urban employment cores.
Median prices moved down 1.6% year over year.
Homes spend a median of 66 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.0% · poverty 6.1% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92584, Riverside County, CA
The area is served by the Menifee Union School District and Perris Union High School District, which generally maintain stable performance ratings within the Inland Empire region.
The region faces standard California wildfire and seismic risk profiles, with insurance availability and premiums increasingly influenced by state-wide wildfire mitigation requirements.
Menifee has experienced significant residential expansion, driven by its appeal to middle-class families seeking newer housing stock and proximity to Inland Empire employment hubs.
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%).
Residents primarily commute via the I-215 corridor toward employment centers in Riverside, Temecula, and the broader Inland Empire, with limited public transit options necessitating personal vehicle reliance.
The area features several community parks and is within reach of regional amenities like the Menifee Lakes and various golf courses, with local shopping centers providing essential retail services.
The rental market shows signs of softening with a year-over-year decline in median rents, though demand remains supported by the area's growth as a residential bedroom community.
The local economy is largely driven by residential services, retail, and construction, with many residents commuting to larger employment hubs in Riverside and San Diego counties.
The area is heavily reliant on the I-215 highway corridor for regional connectivity, with minimal public transit infrastructure available for daily commuting.
Ongoing residential development continues to expand the city's footprint, with new master-planned communities frequently approved in the surrounding areas.
The Riverside County Assessor manages property valuations, applying standard California Proposition 13 assessment caps to residential parcels.
Parcels in this ZIP are frequently subject to Mello-Roos special taxes used to fund infrastructure and public services in newer developments.
Property insurance premiums in the region are subject to upward pressure due to California's broader wildfire risk exposure and market volatility.
Census data for specific ZCTA metrics is limited in current public summaries.
- Tom's Farms4.519.1 mi
- Round1 Bowling & Arcade - Temecula4.19.1 mi
- Mulligan Family Fun Center- Murrieta4.26.7 mi
- Airtopia Adventure Park - Hemet4.613.3 mi
- Pins N Pockets4.56.4 mi
- Wilson Creek Winery4.611 mi
- Europa Village Wineries & Resort4.610.8 mi
- K1 Circuit - Outdoor Go Kart Track and Event Venue4.46.5 mi
- Diamond Stadium of Lake Elsinore4.66.8 mi
- Phil's BBQ4.59.1 mi
- Wilson Creek Winery4.611 mi
- Old Town Temecula4.711.4 mi
- Southern California Railway Museum4.67.9 mi
- K1 Circuit - Outdoor Go Kart Track and Event Venue4.46.5 mi
- Reading Cinemas at Cal Oaks Plaza with TITAN LUXE4.66.4 mi
- Southern California Railway Museum4.67.9 mi
- Tom's Farms4.519.1 mi
- March Field Air Museum4.816.5 mi
- Lorimar Vineyards and Winery4.410.8 mi
- Western Science Center4.511.6 mi
- Lake Skinner Recreation Area4.59.5 mi
- Los Alamos Hills Sports Park4.75.1 mi
- Ronald Reagan Sports Park4.611.3 mi
- Sommers Bend Sports Park4.89.1 mi
- Canyon Hills Community Park4.63.5 mi
- Diamond Valley Lake Marina4.311 mi
- Lake Skinner Marina4.59.4 mi
- Cross Creek Golf Club4.411.3 mi
- Menifee Lakes Country Club4.32.7 mi
- The Golf Club at Rancho California3.96.8 mi
- Bear Creek Golf Club4.76.7 mi
- Canyon Lake Golf & Country Club4.44.5 mi
- Promenade Temecula4.59.2 mi
- WinCo Foods4.68.8 mi
- Outlets at Lake Elsinore3.89.9 mi
- WinCo Foods4.56.2 mi
- 88 Ranch Marketplace Temecula4.210.6 mi
- SBD International Airport4.631 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A central community feature providing scenic views and recreational space.
Several golf facilities serve the local and regional population.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.