Lake Elsinore First-Time Homebuyer Report for June

Lake Elsinore is a larger than average city in California with a population of 51,821 residents, and it has an average density compared to the rest of the state, with 1,431.2 people per square mile. 92530, 92595, and 92532 are the three largest zip codes in terms of population. Keep in mind, most people in Lake Elsinore own their homes, with a 60.1% ownership ratio. The top school in the city is Tuscany Hills Elementary School.

Price Range

Homes in Lake Elsinore are generally less expensive than others in the state with a median home value of $159,500 and an average list price of $349,287. 92532, 92595, and 92530 are the least costliest places in the city. In this week's report, the number of homes sold in the Lake Elsinore market fell to 104 over the past 30 days, a decrease of 4.6% from last week's report, but still above the monthly average.

Typical Dwelling

The typical dwelling in Lake Elsinore is a four-bedroom detached home worth about $363,662. To purchase a similar home, a buyer with good credit and a $72,732 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,663 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 6/15/2017

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