The story of this market
The typical home in ZIP 92586 sells for about $410,000, or $294 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,752 a month.
ZIP 92586 — Menifee
The 92586 housing market remains stable, driven by consistent demand for affordable, age-restricted housing in the Sun City area. While inventory is moderate, the market is seeing steady interest from buyers looking for value compared to more expensive coastal regions. Prices have shown modest year-over-year growth, reflecting a balanced market environment.
This ZIP is primarily suited for retirees and active adults seeking affordable, community-oriented housing in a established 55+ environment.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.5% · poverty 13.3% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92586, Riverside County, CA
The area is served by the Menifee Union and Perris Union High School Districts, with schools generally reflecting the suburban character of the region.
The region faces standard California wildfire risks and is subject to regional insurance market adjustments regarding fire-hazard coverage.
Growth is driven by the expansion of the Menifee city core and the continued popularity of the Sun City active-adult community, which anchors the local economy.
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 to employment hubs in Riverside and Temecula, with limited public transit options available.
The area features the Sun City Civic Association amenities, including pools and clubhouses, with proximity to local parks and shopping centers along Bradley Road.
The rental market is characterized by demand from the 55+ demographic and a limited supply of modern apartment stock, keeping vacancy rates relatively low.
The economy is anchored by healthcare, retail, and services catering to the large retiree population, with proximity to the broader Riverside County employment market.
The area is served by the I-215 freeway, providing the primary corridor for regional travel and commuting.
Development is focused on infill residential projects and the expansion of commercial services along the Bradley Road corridor.
Riverside County Assessor manages property valuations based on Proposition 13 guidelines.
Parcels are subject to various Mello-Roos and special assessment districts for infrastructure and public services.
Property insurance premiums are rising due to regional wildfire risk assessments and broader California market volatility.
Data retrieved from data.census.gov ZCTA 92586 profiles.
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 Farms4.516.9 mi
- John's Incredible Pizza - Riverside3.816.8 mi
- Round1 Bowling & Arcade - Moreno Valley4.116.4 mi
- Round1 Bowling & Arcade - Temecula4.112.9 mi
- Mulligan Family Fun Center- Murrieta4.210.3 mi
- Wilson Creek Winery4.614.4 mi
- Europa Village Wineries & Resort4.614.5 mi
- K1 Circuit - Outdoor Go Kart Track and Event Venue4.46 mi
- John's Incredible Pizza - Riverside3.816.8 mi
- Diamond Stadium of Lake Elsinore4.66.9 mi
- Southern California Railway Museum4.64.1 mi
- Tom's Farms4.516.9 mi
- March Field Air Museum4.812.7 mi
- Lorimar Vineyards and Winery4.414.3 mi
- Western Science Center4.512.1 mi
- Lake Perris State Recreation Area4.611.2 mi
- Lake Skinner Recreation Area4.512.5 mi
- Los Alamos Hills Sports Park4.78.9 mi
- Sommers Bend Sports Park4.812.8 mi
- Canyon Hills Community Park4.64.1 mi
- Diamond Valley Lake Marina4.311.5 mi
- Lake Skinner Marina4.512.3 mi
- Menifee Lakes Country Club4.32.8 mi
- The Golf Club at Rancho California3.910.6 mi
- Bear Creek Golf Club4.79.4 mi
- General Old Golf Course3.912.6 mi
- Canyon Lake Golf & Country Club4.44.1 mi
- Promenade Temecula4.513 mi
- Outlets at Lake Elsinore3.88.4 mi
- WinCo Foods4.612.6 mi
- WinCo Foods4.52.6 mi
- Sprouts Farmers Market4.512.1 mi
- SBD International Airport4.627.2 mi
- Chino Airport4.730.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Provides social and recreational facilities for the 55+ community.
Local recreational area offering walking paths and scenic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.