Murrieta, California Housing Market Prices
Murrieta Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 5% below the California median$618,424
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Median rent 16% above the California median$2,366
Housing Market Overview
| Metric | Murrieta | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $618,424 | $650,794 | $248,835 |
| Price Trend (Annual %) | 9.7% | 8.9% | 7.5% |
| Median Gross Rent | $2,366 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Murrieta is about 5% lower than in California. Rent is about 16% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Murrieta, up about 9.7% and 5.8% a year respectively. Home prices are changing faster.
Median rent in Murrieta rose about 55.6% between 2015 and 2024, from $1,520 to $2,366. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in Murrieta.
Buying the median-priced home in Murrieta costs roughly 21.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Murrieta. The price-to-rent ratio in California is about 26.6.
| Metric | Murrieta | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $618,424 | $650,794 | $248,835 |
| Median Household Income | $109,304 | $99,161 | $80,455 |
| Price-to-Income Ratio | 5.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Murrieta rose about 93.7%, while median household income rose about 41.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Murrieta | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.3% | 51.7% | 58.5% |
| Rental Rate | 31.6% | 40.8% | 31.2% |
| Vacancy Rate | 4.1% | 7.5% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Murrieta has a homeownership rate of 64.3%, higher than the California average of 51.7%. Its housing vacancy rate is 4.1%, compared with 7.5% in California.
Housing Stock
| Metric | Murrieta | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.14 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1999 | 1975 | 1978 |
| Median Number of Rooms | 6.1 | 5.0 | 5.5 |
The typical housing unit in Murrieta was built around 1999. On average, 3.1 people live in a home with about 6.1 rooms, staying for about 11.0 years on average.
Murrieta, CA Housing Compared With Nearby Cities
Murrieta, CA is the 2nd largest of the 5 cities compared here, 101,126 residents against a local median of 67,795. The measure that sets Murrieta, CA apart most is homeownership: 67.0%, 16% below the local median of 80.2%. That is the weaker end of the local range on this measure.
Median home price tells the same story from another angle: $618,424 against a local median of $536,898, 15% above it. The cities themselves spread 16.1% on homeownership, so Murrieta, CA sits at one end of an already wide local range rather than apart from it. Murrieta, CA has the 5th highest homeownership of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Murrieta, CA | 101,126 | $618,424 #2/5 | $2,366 #2/5 | 67.0% #5/5 |
| Wildomar, CA | 42,987 | $492,324 | $2,036 | 79.8% |
| French Valley, CA | 32,862 | $550,506 | $2,898 | 84.4% |
| Temecula, CA | 92,602 | $664,655 | $2,364 | 68.3% |
| Menifee, CA | 108,405 | $523,290 | $2,125 | 80.6% |
Frequently Asked Questions
Common questions about the housing market in Murrieta, California.
What is the median home price in Murrieta, California?
The median home price in Murrieta, California is $618,424, lower than the California average of $650,794.
What is the average home price in Murrieta, California?
The typical home price in Murrieta, California, reported as the median sale price, is $618,424. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Murrieta, California?
The median gross rent in Murrieta, California is $2,366 per month, higher than the California average of $2,036.
What was the median gross rent in Murrieta in 2020?
In 2020, the median gross rent in Murrieta, California was $1,833 per month.
What is the price-to-rent ratio in Murrieta, California?
The price-to-rent ratio in Murrieta, California is about 21.8, meaning it would take roughly 21.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Murrieta.
Are home prices or rent rising faster in Murrieta, California?
Both home prices and rent are rising in Murrieta, up about 9.7% and 5.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Murrieta, California?
64.3% of households in Murrieta, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Murrieta, California?
The housing vacancy rate in Murrieta, California is 4.1%, lower than the California average of 7.5%.
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