Canyon Lake, CA housing market
The typical Canyon Lake home is worth about $701,000, up 1.7% in a year, 8% below the California typical home. Homes typically sell in 61 days, below asking.
Home values, sales, trends and how Canyon Lake compares with the towns next door — updated as new data is published.
Canyon Lake at a glance
A seller's market
Supply is tight — about 3.5 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Canyon Lake | California |
|---|---|---|
| 2017 | $382,000 | $453,000 |
| 2018 | $428,000 | $501,000 |
| 2019 | $454,000 | $539,000 |
| 2020 | $463,000 | $551,000 |
| 2021 | $520,000 | $607,000 |
| 2022 | $645,000 | $703,000 |
| 2023 | $662,000 | $727,000 |
| 2024 | $679,000 | $758,000 |
| 2025 | $703,000 | $782,000 |
| 2026 | $695,000 | $767,000 |
| August 2026 | $701,000 | $764,000 |
Canyon Lake and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Canyon Lake | $701K | +1.7% | 61 | $126,926 |
| Lake Elsinore | $584K | −0.1% | 54 | $101,888 |
| Menifee | $581K | −0.1% | 27 | $93,454 |
| Meadowbrook | — | — | — | $56,212 |
5.5 years of income
The typical Canyon Lake home costs about 5.5 years of the town's median household income, less than across California (7.7 years).
How Canyon Lake ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.