Market Overview
Home Prices in Menifee, CA
The median home value in Menifee, CA is $586,781 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.1% compared to a year ago and down 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Menifee are priced43% above average. Menifee is part of the Riverside-San Bernardino-Ontario, CA metro area.
Over the past five years, Menifee home values have risen by approximately19.8%, reflecting steady appreciation in this market.
Price History
Menifee Home Price Trend
City Comparison
Menifee vs. National Median
At $586,781, homes in Menifee cost 43% above the national median of $410,000. Buyers in Menifee should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Menifee?
20% Down Payment
$117,356
on $586,781
Monthly P&I
$3,060/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,886/mo
incl. taxes & insurance
Income Needed
$155,440
gross annual (30% rule)
10% Down Option
$58,678
+ PMI applies
Loan Amount (20% dn)
$469,425
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Menifee, CA?
The median home value in Menifee is $586,781 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.1% year-over-year.
How much have home prices changed in Menifee?
Over the past year, home values in Menifee have decreased by 1.1%. Over five years, prices have risen approximately 19.8%.
How much do I need to earn to buy a home in Menifee?
To comfortably afford the median home price of $586,781 with a 20% down payment ($117,356) at today's rates (6.8%), you'd need a gross annual income of approximately $155,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Menifee compare to the national average home price?
The national median home value is approximately $410,000. At $586,781, homes in Menifee are 43% above the national average.
What metro area is Menifee part of?
Menifee is part of the Riverside-San Bernardino-Ontario, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.