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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Murrieta, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Murrieta, CA Housing Market Trends

With 113,783 people, 34,482 houses or apartments, and a median cost of homes of $818,616, real estate costs in Murrieta are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Murrieta, accounting for 72.79% of the city's housing units. Other types of housing that are prevalent in Murrieta include large apartment complexes or high rise apartments ( 14.25%), mobile homes or trailers ( 4.51%), and a few row houses and other attached homes ( 4.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Murrieta. Owner-occupied housing accounts for 67.12% of Murrieta's homes, and 56.65% have either three or four bedrooms, which is average sized relative to America.

Murrieta homes and real estate are some of the newest in America. 50.65% of Murrieta's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Murrieta real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 46.62%), and between 1940-1969 ( 2.32%).

Murrieta Home Appreciation Rates

Appreciation rates for homes in Murrieta have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.79%, which ranks in the top 40% nationwide. This equates to an annual average Murrieta house appreciation rate of 7.38%.

NeighborhoodScout's data show that during the latest twelve months, Murrieta's appreciation rate, at 5.81%, has been at or slightly above the national average. In the latest quarter, Murrieta's appreciation rate has been 2.37%, which annualizes to a rate of 9.83%.

Relative to California, our data show that Murrieta's latest annual appreciation rate is lower than 50% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Murrieta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Murrieta - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Murrieta real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$818,616

Murrieta, CA Home Prices
> $1,381,000
$1,035,001 - $1,381,000
$690,001 - $1,035,000
$552,001 - $690,000
$414,001 - $552,000
$276,001 - $414,000
$138,001 - $276,000
$69,001 - $138,000
$0 - $69,000
3.4%
3.4%
9.8%
9.8%
52.1%
52.1%
22.0%
22.0%
7.1%
7.1%
3.5%
3.5%
1.0%
1.0%
0.4%
0.4%
0.7%
0.7%
0% 100.0%
% of Homes
High

for California

Very High

for nation

Number of Homes And Apartments:

34,482

Murrieta Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,945 / per month

Homeownership Rate

Owners
Renters
67.1%
67.1%
32.9%
32.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.9%
5.9%
94.1%
94.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
50.6%
50.6%
46.6%
46.6%
2.3%
2.3%
0.4%
0.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.8%
72.8%
4.3%
4.3%
4.2%
4.2%
14.3%
14.3%
4.5%
4.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.3%
2.3%
5.6%
5.6%
17.9%
17.9%
29.7%
29.7%
26.9%
26.9%
17.6%
17.6%
0% 100.0%
% of Homes