Home prices
The median home price in Canyon Lake is $442,900. In comparison to other places in this area this is approximately $143,220 (47%) higher.It is about $225,400 (103%) higher compared to the United States as a whole, and in comparison to the city of Los Angeles is approximately $194,000 (30%) lower.
Rents
The median monthly rent in Canyon Lake is $2,060. Compared to nearby areas it is about $678 (49%) higher.It is approximately $998 (93%) higher in comparison to the entire nation, and compared to the city of Los Angeles it is approximately $610 (42%) higher.
Nearby places
Meadowbrook
Meadowbrook is Canyon Lake's neighbor to the northwest. The real estate prices there are a lot less expensive. The median home in Meadowbrook is valued at $214,300, which works out to $228,600 (106%) lower than Canyon Lake. The rent there is a lot less expensive. In Meadowbrook the median monthly rent is $1,173, which is $887 (75%) lower than Canyon Lake.
Lake Elsinore
Lake Elsinore is Canyon Lake's neighbor to the west. The housing prices there are a little less expensive. The median home price in Lake Elsinore is $352,600, which comes out to $90,300 (25%) lower than Canyon Lake. The rent there is substantially less expensive. Lake Elsinore's median rent is $1,476 per month, which comes out to $584 (39%) lower than Canyon Lake.
Menifee
Menifee is Canyon Lake's neighbor to the east. Its housing prices are a lot less expensive. The cost of the median home in Menifee is $334,600, which is $108,300 (32%) lower than Canyon Lake. Rent there is significantly less expensive. In Menifee the median monthly rent is $1,556, which is $504 (32%) lower than Canyon Lake.
Warm Springs
Warm Springs is roughly 3 miles west from Canyon Lake. Housing prices there are significantly less expensive. The value of the median home in Warm Springs is $240,200, which comes out to $202,700 (84%) lower than Canyon Lake. The rent there is a lot less expensive. In Warm Springs the median monthly rent is $1,156, which is $904 (78%) lower than Canyon Lake.
Wildomar
Wildomar is about 5 miles south of Canyon Lake. Housing prices there are a little less expensive. The median home cost in Wildomar is $356,700, which comes out to $86,200 (24%) lower than Canyon Lake. Rents there are substantially less expensive. The median monthly rent in Wildomar is $1,548, which works out to $512 (33%) lower than Canyon Lake.
