What are current home values in Canyon Lake, CA?

The median home value in Canyon Lake, CA is $706,171 as of June 2026. This represents a 0.0% increase compared to last month and a 0.7% increase year-over-year.

How have home values changed in Canyon Lake, CA?

Home values in Canyon Lake, CA have increased by 0.0% month-over-month and 0.7% year-over-year.

How do home values in Canyon Lake, CA compare to Riverside County, California, and the national average?

The median home value in Canyon Lake, CA ($706,171) compares to: Riverside County ($608,963), California ($775,549), and the U.S. national median ($372,995).

Canyon Lake, CA Housing Market

$706,171

0.7% 1-yr

The average Canyon Lake, CA home value is $706,171, up 0.7% over the past year, and homes go to pending in around 48 days. (Updated on 6/30/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Canyon Lake Key Takeaways

Typical Home Values: $706,171

1-Year Value Change: +0.7%

(Data through June 30, 2026)

Canyon Lake Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 128 (June 30, 2026)

New Listings: 32 (June 30, 2026)

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: $898,333 (June 30, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: 48 (June 30, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Canyon Lake

NameMedian ZHVI
Quail Valley$408,564
Sun City$432,001
Romoland$590,267
Horsethief Canyon Ranch$678,963
May Ranch--
Sycamore Creek$811,367
Lake Mathews$1,054,178
Lasselle$584,874
Rainbow Ridge$548,083

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Canyon Lake Homes for Sale

$949,900

4 bd4 ba2,889 sqft

22731 S Canyon Lake Dr

View Canyon Lake listings

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Canyon Lake Rental Market Trends

Average Rent: $3,650 (June 30, 2026)

National Average Rent: $1,965 (June 30, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.