October's First-Time Homebuyer Report for Lake Elsinore

Lake Elsinore has a much older population than other areas in California with a median age of 29 years. It is also somewhat affluent with a median income of $51,494 per household. The three zip codes with the largest populations are 92530, 92595, and 92532. The Lake Elsinore market is almost exclusively made up of detached houses, which currently account for 96% of the homes for sale in the area. Topping the list of best schools in the city is Tuscany Hills Elementary School.

Price Range

The median value of homes in Lake Elsinore is $159,500, making it one of the lower priced areas in California. At the same time, the average list price of available homes is presently $338,692. 92532, 92595, and 92530 have the highest worth in the city. The Lake Elsinore market slowed this week but remained above average levels as sales fell to 100 homes sold over the last 30 days.

Out of all the listings in Lake Elsinore, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$265K   $312K   $299K  

Typical Dwelling

The typical dwelling in Lake Elsinore is a four-bedroom detached home worth about $350,050. To purchase a similar home, a buyer with good credit and a $70,010 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,568 monthly payment. The property tax rate is $9.19 per $1,000 of taxable assessed value.

Get started right now by checking out Lake Elsinore homes for sale or reviewing Lake Elsinore real estate trends.


Data reported through 10/13/2016

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