How much is a home worth in ZIP code 92532?

The typical home in 92532 is worth $631,315, based on the Zillow Home Value Index.

Are home values rising in 92532?

Home values in 92532 are down 1.4% over the past year, and up 5.0% a year over five years.

What is the typical rent in 92532?

A typical home in 92532 rents for about $2,728 a month, a gross rental yield of 5.2%.

What is the property tax rate in 92532?

The effective property tax rate in 92532 is 1.1% — roughly $6,726 a year on a typical home.

ZIP code 92532 has a population of 28,055 and a median household income of $122,312.

HousingHandbookReference data

…

U.S. ZIP Code · CA92532

Riverside County · Riverside-San Bernardino-Ontario, CA

Typical home value

$631,315^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.4%
5-year / yr: +5.0%
10-year / yr: +6.3%

Relative price

vs U.S.: +122.2%
vs metro: +18.3%
vs state: -9.9%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 92532 is worth $631,315 — 18.3% above the Riverside-San Bernardino-Ontario, CA median. Over the past year, values have fallen 1.4%. Homes here rent for a typical $2,728 a month — a 5.2% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,728^[2]
Gross yield: 5.2%^[2]
Cap rate: 3.1%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.1%^[3]
Typical annual tax: $6,726^[3]

#Climate risk

FEMA National Risk Index ratings for Riverside County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Very High^[4]
Riverine flood: Very High
Coastal flood: Not Applicable
Wildfire: Very High
Drought: Relatively Low
Heat wave: Relatively High
Hurricane: Very Low
Tornado: Relatively Moderate
Earthquake: Very High
Winter weather: Relatively Moderate

#Who lives here

Population: 28,055^[3]
Median household income: $122,312^[3]

#Migration

Household moves in and out of Riverside County over a year, from IRS tax-return data.

Net migration: +1,447^[5]
Moved in: 55,018
Moved out: 53,571

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 6
Elementary: 4
Middle: 1
High: 1

Temescal Canyon High
High · Grades 9–12 · Lake Elsinore Unified
2,248 students
Canyon Lake Middle
Middle · Grades 6–8 · Lake Elsinore Unified
970 students
Earl Warren Elementary
Elementary · Grades K–5 · Lake Elsinore Unified
850 students
Cottonwood Canyon Elementary
Elementary · Grades K–5 · Lake Elsinore Unified
811 students
Herk Bouris Elementary
Elementary · Grades K–5 · Menifee Union
796 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.2%

Net yield (after ~40% expenses)3.1%

Annual rent$32,740

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,192

Loan principal$505,052

Down payment$126,263

Total interest paid$644,166

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.57

Monthly cost to own$4,281

Monthly rent$2,728

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 46th percentile^[1]
Rental yield: 54th percentile^[2]
Property tax: 95th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 92532?: The typical home in 92532 is worth $631,315, based on the Zillow Home Value Index.
Are home values rising in 92532?: Home values in 92532 are down 1.4% over the past year, and up 5.0% a year over five years.
What is the typical rent in 92532?: A typical home in 92532 rents for about $2,728 a month, a gross rental yield of 5.2%.
What is the property tax rate in 92532?: The effective property tax rate in 92532 is 1.1% — roughly $6,726 a year on a typical home.
Who lives in 92532?: ZIP code 92532 has a population of 28,055 and a median household income of $122,312.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

92584 vs 92532 →
Menifee, CA
Typical home
$631,563
Gross yield
5.5%
91764 vs 92532 →
Ontario, CA
Typical home
$633,775
Gross yield
4.8%
92505
Riverside, CA
Typical home
$636,779
Gross yield
4.4%
92509
Jurupa Valley, CA
Typical home
$637,594
Gross yield
4.7%
92503
Riverside, CA
Typical home
$638,997
Gross yield
4.5%
92587
Menifee, CA
Typical home
$642,854
Gross yield
—

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#Jump to section

U.S. ZIP Code · CA92532

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