The story of this market
The typical home in ZIP 92587 sells for about $636,000, or $382 per square foot.
Prices are roughly flat from a year ago (-0.039%), a market in balance. Homes take about 99 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,233 a month.
ZIP 92587 — Menifee
The 92587 housing market is currently experiencing a period of stagnation with median prices remaining flat year-over-year. Inventory levels are low and homes are spending significantly more time on the market compared to the previous year, indicating a cooling in buyer demand.
Median prices moved down 0.0% year over year.
Homes spend a median of 99 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 13.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92587
The area is served by the Menifee Union School District.
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%).
Data sourced from United States Zip Codes and Redfin market reports.
- Castle Park Riverside4.218.5 mi
- Tom's Farms4.514.2 mi
- John's Incredible Pizza - Riverside3.816.6 mi
- Round1 Bowling & Arcade - Moreno Valley4.116.5 mi
- Round1 Bowling & Arcade - Temecula4.113.5 mi
- Wilson Creek Winery4.616.1 mi
- Europa Village Wineries & Resort4.615.7 mi
- K1 Circuit - Outdoor Go Kart Track and Event Venue4.49.1 mi
- Eagle Glen Golf Club4.317.7 mi
- John's Incredible Pizza - Riverside3.816.6 mi
- Southern California Railway Museum4.64.4 mi
- Tom's Farms4.514.2 mi
- March Field Air Museum4.812.7 mi
- Lorimar Vineyards and Winery4.415.9 mi
- Western Science Center4.515.2 mi
- Lake Perris State Recreation Area4.612.4 mi
- Los Alamos Hills Sports Park4.79.6 mi
- Canyon Hills Community Park4.62.8 mi
- Rosetta Canyon Sports Park4.73.9 mi
- Deleo Regional Sports Park4.712.4 mi
- Diamond Valley Lake Marina4.314.5 mi
- Lake Skinner Marina4.514.4 mi
- Menifee Lakes Country Club4.35.6 mi
- The Golf Club at Rancho California3.911.5 mi
- Bear Creek Golf Club4.78.2 mi
- General Old Golf Course3.912.3 mi
- Canyon Lake Golf & Country Club4.41.9 mi
- Outlets at Lake Elsinore3.85.4 mi
- WinCo Foods4.54.7 mi
- Sprouts Farmers Market4.512.8 mi
- Winchester Swapmeet4.110 mi
- T.J. Maxx4.25 mi
- SBD International Airport4.627.6 mi
- Chino Airport4.728.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.