Much like the surrounding areas, it is a lot more expensive compared to the rest of the nation. However compared to the city of Los Angeles, it is significantly less expensive.
Home prices
The cost of the median home in Murrieta is $414,100. It is roughly $12,220 (3%) higher compared to other places in this area.It is roughly $196,600 (90%) higher compared to the nation as a whole, and is approximately $222,800 (34%) lower in comparison to the city of Los Angeles.
Rents
In Murrieta the median monthly rent is $1,761. It is about $66 (3%) lower compared to nearby areas.In comparison to the nation as a whole it is roughly $699 (65%) higher, and it is about $311 (21%) higher in comparison to the city of Los Angeles.
Nearby places
French Valley
French Valley is Murrieta's neighbor to the northeast. Housing prices there are pretty similar. French Valley's median home price is $430,400, which is $16,300 (3%) higher than Murrieta. Rents there are somewhat more expensive. The median monthly rent in French Valley is $2,114, which comes out to $353 (16%) higher than Murrieta.
Wildomar
Wildomar is Murrieta's neighbor to the northwest. Its real estate prices are a bit less expensive. The median home in Wildomar costs $356,700, which is $57,400 (16%) lower than Murrieta. The rent there is somewhat less expensive. Wildomar's median rent is $1,548 per month, which is $213 (13%) lower than Murrieta.
Temecula
Temecula is Murrieta's neighbor to the southeast. Its housing prices are somewhat more expensive. The median home cost in Temecula is $444,800, which is $30,700 (6%) higher than Murrieta. Its rents are a little more expensive. In Temecula the median rent is $1,856 a month, which comes out to $95 (5%) higher than Murrieta.
Menifee
Menifee is Murrieta's neighbor to the north. Housing prices there are a bit less expensive. Menifee's median home value is $334,600, which comes out to $79,500 (23%) lower than Murrieta. Rents there are a bit less expensive. In Menifee the median monthly rent is $1,556, which comes out to $205 (13%) lower than Murrieta.
Canyon Lake
Canyon Lake is approximately 9 miles northwest of Murrieta. The real estate prices there are somewhat more expensive. Canyon Lake's median home value is $442,900, which is $28,800 (6%) higher than Murrieta. Rent there is somewhat more expensive. In Canyon Lake the median rent is $2,060 a month, which works out to $299 (14%) higher than Murrieta.
