Perris, California Housing Market Prices
Perris 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 15% below the California median$550,195
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Median rent 8% below the California median$1,882
Housing Market Overview
| Metric | Perris | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $550,195 | $650,794 | $248,835 |
| Price Trend (Annual %) | 12.4% | 8.9% | 7.5% |
| Median Gross Rent | $1,882 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Perris is about 15% lower than in California. Rent is about 8% lower 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 Perris, up about 12.4% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Perris rose about 48.1% between 2015 and 2024, from $1,271 to $1,882. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 6.2 yearly household incomes in Perris.
Buying the median-priced home in Perris costs roughly 24.4 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 Perris. The price-to-rent ratio in California is about 26.6.
| Metric | Perris | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $550,195 | $650,794 | $248,835 |
| Median Household Income | $88,226 | $99,161 | $80,455 |
| Price-to-Income Ratio | 6.2 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Perris rose about 218.1%, while median household income rose about 59.1% 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 | Perris | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.8% | 51.7% | 58.5% |
| Rental Rate | 31.6% | 40.8% | 31.2% |
| Vacancy Rate | 3.7% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Perris has a homeownership rate of 64.8%, higher than the California average of 51.7%. Its housing vacancy rate is 3.7%, compared with 7.5% in California.
Housing Stock
| Metric | Perris | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 4.10 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1996 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 5.0 | 5.5 |
The typical housing unit in Perris was built around 1996. On average, 4.1 people live in a home with about 5.4 rooms, staying for about 12.0 years on average.
Perris, CA Housing Compared With Nearby Cities
How Perris, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Perris, CA | 75,497 | $550,195 #1/2 | $1,882 #2/2 | 67.2% #2/2 |
| Mead Valley, CA | 20,008 | $302,898 | $1,940 | 72.5% |
Frequently Asked Questions
Common questions about the housing market in Perris, California.
What is the median home price in Perris, California?
The median home price in Perris, California is $550,195, lower than the California average of $650,794.
What is the average home price in Perris, California?
The typical home price in Perris, California, reported as the median sale price, is $550,195. 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 Perris, California?
The median gross rent in Perris, California is $1,882 per month, lower than the California average of $2,036.
What was the median gross rent in Perris in 2020?
In 2020, the median gross rent in Perris, California was $1,415 per month.
What is the price-to-rent ratio in Perris, California?
The price-to-rent ratio in Perris, California is about 24.4, meaning it would take roughly 24.4 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 Perris.
Are home prices or rent rising faster in Perris, California?
Both home prices and rent are rising in Perris, up about 12.4% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Perris, California?
64.8% of households in Perris, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Perris, California?
The housing vacancy rate in Perris, California is 3.7%, lower than the California average of 7.5%.
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