Perris, CA


Highest Appreciating Perris Neighborhoods Since 2000

Perris, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Perris Housing Market Information

With a population of 74,971, 16,297 total housing units (homes and apartments), and a median house value of $252,869, Perris real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Perris, accounting for 78.03% of the city's housing units. Other types of housing that are prevalent in Perris include mobile homes or trailers ( 10.14%), large apartment complexes or high rise apartments ( 8.40%), and a few row houses and other attached homes ( 2.28%).

The most prevalent building size and type in Perris are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.85% owning and 37.15% renting.

There is a lot of housing in Perris built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Perris built between 2000 and later ( 42.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.76%).

Perris Home Appreciation Rates

Homes have actually lost value in Perris over the last then years, as home values have seen a decline of 25.68% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Perris home appreciation rates at 2.02%, which equates to an annual appreciation rate of 8.32%.

Appreciation rates are so strong in Perris that despite a nationwide downturn in the housing market, Perris real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Perris appreciation rates continue to be some of the highest in America, at 9.83%, which is higher than appreciation rates in 93.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Perris. Perris appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.

Importantly, this makes Perris one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Perris's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Perris differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Perris - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Perris real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,445,000 0.7
$1,084,001 - $1,445,000 0.1
$723,001 - $1,084,000 0.8
$578,001 - $723,000 1.4
$433,001 - $578,000 4.5
$289,001 - $433,000 31.3
$145,001 - $289,000 48.2
$73,001 - $145,000 8.8
$0 - $73,000 4.1

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
22.0555490448846 75.7936507936508

Number Of Homes And Apartments:

Perris Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
110.41% 4.41% 8 10
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,663 / per month

Homeownership Rate

Owners 62.85
Renters 37.15
Vacant 6.38

Housing Market Details


Age of Homes

2000 or Newer 42.4
1970 - 1999 48.2
1940 - 1969 8.8
1939 or Older 0.7

Types of Homes

Single-Family 78.0
Townhomes 2.3
Small Apt. Buildings 1.1
Apt. Complexes 8.4
Mobile Homes 10.1
Other 0.0

Home Size

No Bedroom 1.18
1 Bedroom 3.96
2 Bedrooms 16.34
3 Bedrooms 41.02
4 Bedrooms 29.80
5 or more bedrooms 7.71