What is the rental vacancy rate in Lake Elsinore, CA?
The rental vacancy rate in Lake Elsinore, CA is 2.9% (±2.3 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.7% (±0.8 points).
929 (±319) homes, 4.3% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Lake Elsinore, the rental vacancy rate went from 5.7% in 2015–2019 to 2.9% in 2020–2024 (−2.8 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 2.9% (±2.3 points)
- Homeowner vacancy rate
- 0.7% (±0.8 points)
- Vacant homes
- 929 (±319)
Vacancy in Lake Elsinore against Riverside County, its state and the nation
| Lake Elsinore | Riverside County | California | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 2.9% (±2.3 points) | 5.0% (±0.5 points) | 4.2% (±0.1 points) | 5.5% |
| Homeowner vacancy rate | 0.7% (±0.8 points) | 1.0% (±0.1 points) | 0.8% (±0.1 points) | 0.9% |
| Vacant housing units | 929 (±319) | 94,079 (±2,218) | 1,096,644 (±18,928) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Lake Elsinore, the rental vacancy rate is not measurably different from Riverside County (5.0%).
It is not measurably different from California (4.2%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Lake Elsinore
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Lake Elsinore | — | 2.9% (±2.3 points) | — |
| Warm Springs | 1.4 mi | 12.3% (±19.8 points) | Not measurably different |
| Lakeland Village | 3.1 mi | 3.2% (±3.4 points) | Not measurably different |
| Meadowbrook | 4.0 mi | 0.0% (±10.7 points) | Not measurably different |
| Canyon Lake | 4.1 mi | 5.2% (±8.0 points) | Not measurably different |
| Wildomar | 6.5 mi | 6.3% (±4.6 points) | Not measurably different |
| Good Hope | 6.7 mi | 0.0% (±4.3 points) | Not measurably different |
| Menifee | 8.7 mi | 3.4% (±2.5 points) | Not measurably different |
| Temescal Valley | 9.1 mi | 0.0% (±3.3 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Riverside County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 30 (tie) | Desert Hot Springs | 3.4% (±2.6 points) |
| 30 (tie) | Menifee | 3.4% (±2.5 points) |
| 32 | Jurupa Valley | 3.3% (±1.7 points) |
| 33 | Lakeland Village | 3.2% (±3.4 points) |
| 34 (tie) | Moreno Valley | 3.0% (±1.0 points) |
| 34 (tie) | Murrieta | 3.0% (±1.7 points) |
| 36 | Lake Elsinore | 2.9% (±2.3 points) |
| 37 | Perris | 2.8% (±2.0 points) |
| 38 | Blythe | 2.6% (±2.9 points) |
| 39 | East Hemet | 2.5% (±3.7 points) |
| 40 | French Valley | 2.2% (±3.6 points) |
| 41 | San Jacinto | 1.1% (±1.6 points) |
| 42 | Coachella | 0.9% (±0.9 points) |
Showing 13 of 70 places in Riverside County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lake Elsinore
Is it hard to find a rental in Lake Elsinore?
The rental vacancy rate in Lake Elsinore, CA is 2.9% (±2.3 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Lake Elsinore tighter than it was?
In Lake Elsinore, the rental vacancy rate went from 5.7% in 2015–2019 to 2.9% in 2020–2024 (−2.8 percentage points), not a measurable change.
How many homes are vacant in Lake Elsinore?
An estimated 929 (±319) housing units, 4.3% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Elsinore city, California
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lake Elsinore city, California
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lake Elsinore city, California (place:39486, in state:06).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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