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ZIP Code · CA

ZIP 92586

Part of Menifee, CA
Pop. 20,767·Riverside County·632nd most expensive ZIP in California
Median rent (all units)
$2,478/mo
Year-over-Year
+11.1%
Month-over-Month
+2.3%
vs US Median
+$513
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 92586 · $2,478
More expensive than 79% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,600
1 BR
$1,670
2 BR
$2,080
3 BR
$2,780
4 BR+
$3,380
Research median
$2,080/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$29,736/yr
At $2,478/mo median
Location
StateCA
CountyRiverside County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.1% YoY, +2.3% MoM), not inventory.
Demographics

Who lives here

ZIP 92586 (Menifee, CA) is majority owner-occupied, has a large retiree population, has a median income below the national average, 14.9% of residents hold a bachelor's degree or higher.

Population
20,767
Median income
$57,708
Median age
58
Renters
28.2%
Age distribution
13.6%
13.1%
18.8%
14.5%
40%
Under 1813.6%
18–3413.1%
35–5418.8%
55–6414.5%
65+40%
Gender
46.7%
53.3%
Male46.7%
Female53.3%
Race & ethnicity
55.1%
33.3%
White55.1%
Black7.5%
Hispanic33.3%
Asian3.9%
Education (25+)
15.2%
32.7%
37.1%
14.9%
No HS diploma15.2%
HS diploma32.7%
Some college37.1%
Bachelor's+14.9%
Housing tenure
71.8%
28.2%
Owner71.8%
Renter28.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 92586 in Menifee, CA has changed in 5 years

Income
$50,921 → $57,708
up 13.3%
Population
20,022 → 20,767
up 3.7%
Renter share
28.2% → 28.2%
+0.0 pts
Bachelor's+
12.4% → 14.9%
+2.5 pts
Median age
58.7 → 58
-0.7 yrs

Local incomes tracked alongside that move, going from a median of $50,921 in 2021 to $57,708 more recently. The population has grown by 3.7% since 2021, moving from about 20,022 residents to roughly 20,767. College-educated residents now make up 14.9% of adults here, versus 12.4% in 2021.

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Local insights

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About renting in ZIP 92586

Last updated: July 20, 2026

ZIP code 92586 covers Menifee, CA. The median rent here is $2,478/mo as of July 2026. A 1-bedroom rents for a median of $1,670/mo. A 2-bedroom rents for a median of $2,080/mo.

At 52% of local median household income ($57,708/yr), ZIP 92586 ranks as expensive compared to the national benchmark of 30%. Rents have increased 11.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 92586?

As of July 20, 2026, the median monthly rent in ZIP 92586 (Menifee, CA) is $2,478. This is based on aggregated data from public sources and community submissions.

How does ZIP 92586 rent compare to the US average?

ZIP 92586's median rent of $2,478/mo is $513 (26%) above the US national median of $1,965/mo.

How does ZIP 92586 compare to other ZIPs in California?

ZIP 92586 is among the more affordable ZIP codes in California, ranking #632 out of 907 ZIPs at $2,478/mo.

How much income do you need to rent in ZIP 92586?

To keep rent at or below 30% of gross income, you would need to earn at least $99,000/year (~$48/hour full-time) to afford the median rent of $2,478/mo in ZIP 92586. The local median household income is $57,708/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 92586?

Rent in ZIP 92586 has increased 11.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 92586 an affordable place to rent?

ZIP 92586 is considered expensive for renters. At $2,478/mo, rent takes approximately 52% of the local median household income ($57,708/yr). The standard benchmark is 30%. ZIP 92586 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 92586 residents rent vs. own?

According to Census data, approximately 28.2% of ZIP 92586 households are renters, while 71.8% are owner-occupied. ZIP 92586 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 92586 compare to the rest of Menifee?

ZIP 92586 is more affordable than Menifee overall. At $2,478/mo, it's $346 below the Menifee citywide median of $2,824/mo.

When was rent data for ZIP 92586 last updated?

Rent data for ZIP 92586 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
52%
EXPENSIVE

At $2,478/mo, rent takes ~52% of ZIP 92586's median household income ($57,708/yr). The standard benchmark is 30%.

ZIP 92586 52%Benchmark 30%
State income tax1–13.3%
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