The story of this market
The typical home in ZIP 92562 sells for about $677,335, or $314 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $2,344 a month.
ZIP 92562 — Murrieta
The 92562 housing market is currently experiencing a period of stabilization with a median home value of approximately $677,335. While year-over-year prices have seen a slight decline, the market remains somewhat competitive with a balanced sale-to-list ratio. High interest rates and inventory levels are the primary drivers currently influencing buyer behavior in the area.
This ZIP is well-suited for family buyers seeking suburban space and commuters looking for a balance between affordability and access to major Southern California employment hubs.
Median prices moved down 2.1% year over year.
Homes spend a median of 57 days on market with 2.1 months of supply — a fast-moving market.
21% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 5.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92562, Riverside County CA
Schools in the Murrieta area generally maintain a positive reputation, with the district receiving an average rating of 6 out of 10 by GreatSchools.
The region faces standard Southern California climate risks, including wildfire exposure and seismic activity, which influence local property insurance premiums.
Murrieta serves as a growing residential and commercial hub in Riverside County, with ongoing development focused on expanding retail and business infrastructure to support its population.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents typically face a commute of approximately 26.7 minutes, with many relying on I-15 for access to employment centers in the Inland Empire and San Diego County.
The area features numerous community parks, hiking trails, and proximity to regional golf courses and shopping centers like the Murrieta Town Center.
The rental market is robust with a median rent of $3,000, though vacancy pressure has fluctuated recently as inventory levels adjust.
The local economy is driven by retail, healthcare, and education sectors, with many residents commuting to larger employment centers in the broader Inland Empire region.
The area is primarily served by the I-15 corridor, which provides the main artery for regional transit and commuting.
Development activity is focused on mixed-use projects and infrastructure improvements to accommodate the city's continued population growth.
The Riverside County Assessor manages property valuations, applying Proposition 13 limits to annual tax increases.
Parcels are subject to various special districts, including school districts, water agencies, and potential Mello-Roos community facilities districts.
Property insurance costs are influenced by regional wildfire risk assessments and state-level market conditions.
Data retrieved from U.S. Census Bureau and U.S. News Real Estate profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Tom's Farms4.519.1 mi
- River Street Ranch4.218.9 mi
- Sky Zone Trampoline Park4.319.9 mi
- Round1 Bowling & Arcade - Temecula4.110.7 mi
- Mulligan Family Fun Center- Murrieta4.28.2 mi
- Wilson Creek Winery4.617 mi
- Europa Village Wineries & Resort4.614.5 mi
- Monserate Winery4.615.2 mi
- K1 Circuit - Outdoor Go Kart Track and Event Venue4.419 mi
- Arrowood Golf Course4.417.7 mi
- Old Town Temecula4.711.1 mi
- Reading Cinemas at Cal Oaks Plaza with TITAN LUXE4.68.2 mi
- Regal Edwards Temecula4.410.7 mi
- AMC Temecula 104.410.9 mi
- Round1 Bowling & Arcade - Temecula4.110.7 mi
- Mission San Juan Capistrano4.818.8 mi
- Southern California Railway Museum4.617.4 mi
- Tom's Farms4.519.1 mi
- Mission Basilica San Juan Capistrano4.818.8 mi
- Lorimar Vineyards and Winery4.416.1 mi
- Los Alamos Hills Sports Park4.710.4 mi
- Ronald Reagan Sports Park4.612.3 mi
- Santa Margarita River Trail Preserve4.79.6 mi
- Ronald W. Caspers Wilderness Park4.612.2 mi
- Canyon Hills Community Park4.610.7 mi
- Lake Skinner Marina4.517.6 mi
- Cross Creek Golf Club4.46.8 mi
- The Golf Club at Rancho California3.911.4 mi
- Temecula Creek Golf Club4.312.5 mi
- Bear Creek Golf Club4.75.9 mi
- Canyon Lake Golf & Country Club4.411.2 mi
- Promenade Temecula4.510.6 mi
- WinCo Foods4.610.6 mi
- Outlets at Lake Elsinore3.812 mi
- 88 Ranch Marketplace Temecula4.210.8 mi
- Macy's4.310.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major retail and dining hub serving the local community.
Large recreational facility with sports fields and community amenities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.