City · 72,461 residents · Riverside County, California
Lake Elsinore, California
In Lake Elsinore, a typical home is worth $566,000 and typical rent is $2,078 a month. Compared with all of Riverside County, typical household income is 9% higher and typical rent is 9% higher.
Typical home value from Zillow, September 2021 to September 2026: from $504,413 to $581,180.
Typical rent
$2,348a month
▲ 3.4% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,867 to $2,348.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Lake Elsinore is in Riverside County. The FHA loan limit ($690,000 for a one-unit home), the fair market rents and the help on this page are those of all of Riverside County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Good Hope, the typical home value is $391,700: 31% less than in Lake Elsinore ($566,000).
2
Nearby, in Good Hope, the typical rent is $1,528: 26% less than in Lake Elsinore ($2,078).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Lake Elsinore
What homes there are in Lake Elsinore, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Lake Elsinore
Riverside County
California
United States
Kind of home: Lake Elsinore and its comparisons
Measure
Lake Elsinore
Riverside County
California
United States
Detached house
79%
69%
57%
61%
Attached house
4%
6%
7%
6%
Building of 2 to 4
5%
5%
8%
8%
Apartments (5 or more)
9%
12%
24%
19%
Mobile home
3%
9%
4%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
In Lake Elsinore, 8 in 10 homes are single-family detached houses; in Riverside County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or later
Lake Elsinore
Riverside County
California
United States
Year built: Lake Elsinore and its comparisons
Measure
Lake Elsinore
Riverside County
California
United States
Before 1960
6%
9%
27%
26%
1960–1979
8%
21%
29%
24%
1980–1999
29%
34%
25%
25%
2000–2009
30%
24%
11%
14%
2010 or later
27%
11%
8%
11%
The typical home in Lake Elsinore was built in 2002, 12 years after the typical one in Riverside County.
Homes in Lake Elsinore are bigger: 79% have 3 bedrooms or more; in Riverside County, 66%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K4%
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K28%
$500K–$750K56%
$750K–$1M8%
$1M or moreUnreliable
Value of owner-occupied homes: Lake Elsinore and its comparisons
Measure
Lake Elsinore
Under $100K
4%
$100K–$200K
Unreliable estimate
$200K–$300K
Unreliable estimate
$300K–$500K
28%
$500K–$750K
56%
$750K–$1M
8%
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99911%
$1,000–$1,49913%
$1,500–$1,99921%
$2,000–$2,49921%
$2,500–$2,99911%
$3,000 or more21%
Monthly rent with utilities: Lake Elsinore and its comparisons
Measure
Lake Elsinore
Under $500
Unreliable estimate
$500–$999
11%
$1,000–$1,499
13%
$1,500–$1,999
21%
$2,000–$2,499
21%
$2,500–$2,999
11%
$3,000 or more
21%
With a mortgage
$2,819 a month
Riverside County: $2,583 a month
Without a mortgage
$843 a month
Riverside County: $781 a month
Owners with a mortgage
78%
Riverside County: 69%
Owning costs more in Lake Elsinore: with a mortgage, the typical cost is $2,819 a month; in Riverside County, $2,583. Without one, $843.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Lake Elsinore+61%
Riverside County+59%
California+46%
United States+53%
Typical rent
Lake Elsinore+41%
Riverside County+38%
California+36%
United States+33%
Typical household income
Lake Elsinore+43%
Riverside County+39%
California+32%
United States+29%
Change since 2015–2019: Lake Elsinore and its comparisons
Measure
Lake Elsinore
Riverside County
California
United States
Typical home value
+61%
+59%
+46%
+53%
Typical rent
+41%
+38%
+36%
+33%
Typical household income
+43%
+39%
+32%
+29%
From 2015–2019 to 2020–2024, home values in Lake Elsinore rose at about the same pace as in Riverside County: 61% against 59%.
The typical rent in Lake Elsinore rose 41% since 2015–2019, about the same as in Riverside County (38%).
The typical household income in Lake Elsinore rose 43% over that time; home values changed +61% and rent +41%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Lake Elsinore and its comparisons
Measure
Lake Elsinore
Riverside County
California
United States
Rental vacancy
Unreliable estimate
5.0%
4.2%
5.5%
Homeowner vacancy
Unreliable estimate
1.0%
0.8%
0.9%
More than one person per room
8.4%
7.8%
8.2%
3.4%
People per household
3.53
3.15
2.84
2.53
Drive alone
70%
73%
66%
69%
Carpool
13%
11%
10%
9%
Public transit
Unreliable estimate
1%
3%
3%
Walk or bike
Unreliable estimate
1%
3%
3%
Work from home
14%
12%
17%
15%
Other means
Unreliable estimate
1%
2%
2%
Typical commute
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
More than one person per room: that is how 8.4% of households in Lake Elsinore live, near the figure in Riverside County (7.8%).
On average, a household in Lake Elsinore has 3.53 people, more than in Riverside County (3.15).
In Lake Elsinore, 70% of workers drive alone to work; in Riverside County, 73%.
Do the math
What would you pay each month for a home in Lake Elsinore?
A typical home costs more than the typical income allows
We start with a typical home in Lake Elsinore, worth $566,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 55% of the typical household income in Lake Elsinore, which is $101,888 a year. For that payment to be 28% of income, a household would need to earn about $201,389 a year.
The calculator's FHA and conventional loan limits are those of all of Riverside County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Lake Elsinore. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $19,810 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$4,699
at 7.18% · 30 years
Loan amount
$555,748
Total interest
$799,591
Paid off in
November 2056
Includes $9,558 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,377 a month
Tight
$2,377 to $3,057 a month
Hard
more than $3,057 a month
Your payment · 55%
Compared with the typical household income in Lake Elsinore ($101,888 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$3,765
Property tax
$448
Home insurance
$236
FHA mortgage insurance (MIP)
$250
You need at least $19,810 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $4,699; principal and interest $3,765.
The city and its county
Lake Elsinore and Riverside County
Lake Elsinore is in Riverside County, California. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Lake Elsinore
Map of Riverside County, California, with Lake Elsinore marked. Around it, the neighboring counties.
Lake Elsinore
Riverside County
Other cities with a page
Lake Elsinore's own numbers
Typical home value
$566,000
Typical monthly rent
$2,078
Typical yearly household income
$101,888
Households that own their home
71%
Effective property tax rate
0.95%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Riverside County
FHA limit, one-unit home
$690,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,103
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
1.9%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Riverside County.
A typical home in Lake Elsinore is worth $566,000: about the same as the county and 23% below California. With the typical household income in Lake Elsinore ($101,888 a year), a typical home costs 5.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Lake Elsinore5.6 years
Riverside6.0 years
California7.4 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Riverside County
According to FHFA’s house price index, home prices in Riverside County rose 105% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Riverside County.
Yearly change in FHFA’s price index in Riverside County, 2016 to 2025
2016: +6.6% +6.6% 2016
2017: +7.7% +7.7% 2017
2018: +7.1% +7.1% 2018
2019: +4.0% +4.0% 2019
2020: +4.1% +4.1% 2020
2021: +17.3% +17.3% 2021
2022: +19.1% +19.1% 2022
2023: +3.1% +3.1% 2023
2024: +5.8% +5.8% 2024
2025: +1.3% +1.3% 2025
Change in FHFA’s price index in Riverside County, California and the United States
Period
County
California
U.S.
Last year (2025)
+1.3%
+0.8%
+2.9%
5 years (2020–2025)
+54%
+40%
+47%
10 years (2015–2025)
+105%
+80%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Lake Elsinore next to Riverside County, California and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Lake Elsinore$566,000
Riverside$557,300
California$734,700
United States$332,700
Typical monthly rent
Lake Elsinore$2,078
Riverside$1,901
California$2,036
United States$1,413
Typical yearly household income
Lake Elsinore$101,888
Riverside$93,074
California$99,122
United States$80,734
See the full table
Lake Elsinore next to Riverside County and California
Measure
Lake Elsinore
Riverside County
California
U.S.
Typical home value
$566,000
$557,300
$734,700
$332,700
Typical monthly rent
$2,078 ▲9% above the county
$1,901
$2,036
$1,413
Typical yearly household income
$101,888 ▲9% above the county
$93,074
$99,122
$80,734
Households that own their home
71% ▲2 points above the county
69%
56%
65%
Typical yearly property tax
$5,404 ▲24% above the county
$4,348
$5,124
$3,119
Effective property tax rate
0.95% ▲0.17 points above the county
0.78%
0.7%
0.94%
Renters with high rent for their income
62% ▲2 points above the county
59%
55%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Riverside County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Lake Elsinore
For a typical $566,000 home in Lake Elsinore, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lake Elsinore's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$4,699a month
Least cash to close
Down payment
$19,810
Cash to close
$36,790
Rate
7.18%
Mortgage insurance
FHA MIP · $250
Conventional, 5% down$4,595a month
Down payment
$28,300
Cash to close
$45,280
Rate
7.18%
Mortgage insurance
PMI · $269
Conventional, 20% down, no PMI$3,751a month
Down payment
$113,200
Cash to close
$130,180
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$4,275a month
Down payment
$84,900
Cash to close
$101,880
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Lake Elsinore
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$4,699
$19,810
$555,748
7.18%
FHA MIP · $250
$36,790
580
Conventional, 5% down
$4,595
$28,300
$537,700
7.18%
PMI · $269
$45,280
620*
Conventional, 20% down, no PMI
$3,751
$113,200
$452,800
7.18%
None
$130,180
620*
ITIN, 15% down (example)
$4,275
$84,900
$481,100
8.18%
None
$101,880
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Lake Elsinore is $2,078 a month: 9% above the county. In Lake Elsinore, 62% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Riverside County, by unit size. To pay the 2-bedroom one ($2,103 a month) without spending more than 30% of your income, you would need to earn $40.44 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Riverside County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,605
$30.87
$64,200
1 bedroom
$1,705
$32.79
$68,200
2 bedrooms
$2,103
$40.44
$84,120
3 bedrooms
$2,771
$53.29
$110,840
4 bedrooms
$3,336
$64.15
$133,440
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Lake Elsinore
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lake Elsinore has 3 ZIP codes with their own.
For 2 bedrooms it runs from $1,990 in 92570 to $3,080 in 92532.
2 of the 3 are above the fair market rent for Riverside County ($2,103).
2-bedroom fair market rent in each of the 3 ZIP codes of Lake Elsinore, beside the one for Riverside County. For 2 bedrooms it runs from $1,990 in 92570 to $3,080 in 92532. 2 of the 3 are above the fair market rent for Riverside County ($2,103).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $2,103
Lowest: $1,990 (92570)Highest: $3,080 (92532)
Fair market rent by ZIP code and size in Lake Elsinore, fiscal year 2027.
92530
$2,420
$2,480
$2,920
$3,960
$4,730
92532
$2,350
$2,500
$3,080
$4,060
$4,890
92570
$1,530
$1,600
$1,990
$2,630
$3,170
ZIP code2 bd3 bd
92530 $2,920$3,960
92532 $3,080$4,060
92570 $1,990$2,630
3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lake Elsinore when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 6 buildings with rents for lower incomes in Lake Elsinore. These are the largest.
Cottages at Mission Trail32675 Mission Trl, Lake Elsinore 92530143 homes, 142 low-income · 2 bd: 39 · 3 bd: 104 · In service since 2021 · For families
Villa Siena Apts31300 Auto Center Dr, Lake Elsinore 92530126 homes, 124 low-income · 1 bd: 16 · 2 bd: 64 · 3 bd: 40 · 4 bd: 6 · In service since 1997 · For families
Pottery Court295 W Sumner Ave, Lake Elsinore 92530113 homes, 111 low-income · 1 bd: 20 · 2 bd: 48 · 3 bd: 45 · In service since 2012 · For families
Lakeview I32209 Riverside Dr, Lake Elsinore 9253088 homes, 87 low-income · 1 bd: 48 · 2 bd: 32 · 3 bd: 8 · In service since 2011
Mission Trail Apartments32585 Mission Trl, Lake Elsinore 9253081 homes, 80 low-income · 2 bd: 9 · 3 bd: 72 · In service since 2020 · For families
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 9 HUD-approved agencies with an office in Riverside County; 7 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Lake Elsinore or Riverside County. The ones below are statewide in California: they work in Lake Elsinore the same as in the rest of the state.
CalHFA second loan with deferred payments for the down payment or closing costs of first-time buyers in California.Offered by California Housing Finance Agency (CalHFA).
CalHFA down payment loan for first-generation buyers in California; when you sell, you repay the loan plus a share of the home's appreciation.Offered by California Housing Finance Agency (CalHFA).
CalHFA second loan with deferred payments for the down payment or closing costs of first-time buyers who use the CalPLUS Access mortgage (FHA or conventional).Offered by California Housing Finance Agency (CalHFA).
The HUD-approved agencies closest to the center of Lake Elsinore, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
FH
Fair Housing Council of Riverside County, Inc.- Moreno Valley
23890 Alessandro Blvd Ste A1, Moreno Valley · 17 miles away · Spanish
No legal help resource on our list is for Lake Elsinore or Riverside County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Lake Elsinore and all of Riverside County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Lake Elsinore?
The typical home value in Lake Elsinore is $566,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Riverside County it is $557,300.
How much does it cost to rent in Lake Elsinore?
Typical rent in Lake Elsinore is $2,078 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Riverside County is $2,103.
What is the FHA loan limit in Lake Elsinore?
Lake Elsinore uses the FHA limit for all of Riverside County (2026): $690,000 for a one-unit home and $1,326,950 for a four-unit home.
How much property tax do owners pay in Lake Elsinore?
The typical homeowner in Lake Elsinore pays $5,404 a year, according to the U.S. Census Bureau. That is 0.95% of the home’s value; in Riverside County, the rate is 0.78%.
Where can I find free help to buy or rent in Lake Elsinore?
There are 9 HUD-approved counseling agencies with an office in Riverside County. 7 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
