The story of this market
The typical home in ZIP 92585 sells for about $592,000, or $256 per square foot.
Prices are roughly flat from a year ago (-0.37%), a market in balance. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $2,218 a month.
ZIP 92585 — Menifee
The 92585 housing market is currently characterized by a seller's market with a median sale price of $592,000. While year-over-year prices have seen a slight decline of 0.37%, the market remains active with a 99.5% sale-to-list ratio, indicating strong buyer demand for available inventory.
This ZIP is well-suited for families and commuters seeking suburban housing options in the Inland Empire with relatively newer construction compared to older coastal areas.
Median prices moved down 0.4% year over year.
Homes spend a median of 46 days on market with 2.3 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.9% · poverty 9.1% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92585, Riverside County, CA
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 I-215, serving as a bedroom community for employment hubs in Riverside and the broader Inland Empire.
The area features proximity to local parks and regional outdoor recreation in the Menifee and Perris valley areas, with standard suburban shopping centers available.
The rental market shows high demand with a median rent of $2,901, reflecting a 1.5% month-over-month increase as of May 2026.
The local economy is driven by the broader Inland Empire logistics, retail, and service sectors, with many residents commuting to larger employment centers in Riverside County.
The area is primarily served by the I-215 corridor, providing the main arterial connection for regional transit and commuting.
The Riverside County Assessor manages property valuations, adhering to state-mandated assessment cycles and Proposition 13 limitations.
Parcels in this area are subject to standard Riverside County property tax levies, including potential Mello-Roos or special assessment districts common in newer master-planned developments.
Data sourced from US Census Bureau and local market reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Tom's Farms4.518.8 mi
- John's Incredible Pizza - Riverside3.815.4 mi
- Round1 Bowling & Arcade - Moreno Valley4.114.9 mi
- Round1 Bowling & Arcade - Temecula4.115.1 mi
- Mulligan Family Fun Center- Murrieta4.213 mi
- Live Oak Canyon Farm3.719 mi
- Wilson Creek Winery4.615.2 mi
- Europa Village Wineries & Resort4.615.9 mi
- K1 Circuit - Outdoor Go Kart Track and Event Venue4.44.1 mi
- John's Incredible Pizza - Riverside3.815.4 mi
- Southern California Railway Museum4.64.3 mi
- Tom's Farms4.518.8 mi
- March Field Air Museum4.811.4 mi
- Lorimar Vineyards and Winery4.415.3 mi
- Western Science Center4.510.1 mi
- Lake Perris State Recreation Area4.68.6 mi
- Lake Skinner Recreation Area4.512.8 mi
- Los Alamos Hills Sports Park4.711.2 mi
- Canyon Hills Community Park4.67.5 mi
- Rosetta Canyon Sports Park4.79.8 mi
- Diamond Valley Lake Marina4.39.5 mi
- Lake Skinner Marina4.512.6 mi
- Menifee Lakes Country Club4.33.9 mi
- Rancho del Sol Golf Club4.110.9 mi
- The Golf Club at Rancho California3.912.6 mi
- General Old Golf Course3.911.6 mi
- Bear Creek Golf Club4.712.6 mi
- Outlets at Lake Elsinore3.811.2 mi
- WinCo Foods4.51.8 mi
- WinCo Foods4.58.1 mi
- Winchester Swapmeet4.16.1 mi
- T.J. Maxx4.24.3 mi
- SBD International Airport4.625.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local recreational area serving the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.