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Menifee Union

Learn about the people, housing, costs and businesses in Menifee Union, California

Median Home$527,132
Median Rent$2,300/month
Population119,474
Leading IndustriesWholesale Trade · Transportation · Finance & Insurance10% wholesale trade
Home Value Growth⬆⬆+13.9% over 2 years
Retirees21% of residentsslightly above average
Homeowners81% of occupied units
NotableVeteran Community9% of residents · top 9% nationally
Menifee Union
CA

Frequently Asked Questions

What are today's mortgage rates in Menifee Union?

As of today, the 30-year fixed mortgage rate for Menifee Union is approximately 6.832% (6.866% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Menifee Union?

The median home value in Menifee Union is $527k. The median monthly rent is $2,300. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Menifee Union?

Home values in Menifee Union have increased 13.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Menifee Union?

Based on a typical all-in ownership cost of $2,203/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $94k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Menifee Union is $103k/year.

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What industries drive the economy in Menifee Union?

The largest employment sectors in Menifee Union are public administration (22%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.