Short Sale Listings in Lake Elsinore, CA

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31 Thorpe-trail-Beaumont-CA-92223
Short Sale NEW
$560,000 List Price

4 Bed | 3 Bath

6 Uppercrest-ct-Menifee-CA-92586
Short Sale
$399,000 List Price

3 Bed | 2 Bath | 1,224 Sq. Ft.

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Foreclosure Homes in Lake Elsinore, CA

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Lake Elsinore, CA area at Get information on foreclosure homes for rent, how to buy foreclosures in Lake Elsinore, CA and much more. Save thousands at closing with home foreclosure listings in Lake Elsinore, CA — up to 75% off market value!

Top Reasons To Live In Lake Elsinore, CA In 2023

Lake Elsinore is located in Riverside, California, with an estimated municipal population of 69,283 residents. All of the best foreclosed homes for sale in Lake Elsinore are located in the following zip code areas on 92570 92532 92530. The estimated population per square kilometer (.62 miles) in Lake Elsinore is 699.

Cost Of Living In Lake Elsinore, CA

So, about how much do homes cost in Lake Elsinore? The most recent median value of resident-owned homes in Lake Elsinore is 351,226. An estimated 67.8 percent of households in Lake Elsinore own their homes, with an average family size of 4.08. The median household income in Lake Elsinore is 71,476, with31.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake Elsinore, the median commute time of resident workers (in minutes) is 45.5. And last, but certainly not least, are you looking for homes to rent in Lake Elsinore? If so, the average rent price paid by renters in Lake Elsinore is 1,476, according to recent statistics.

Diversity And Demographics In Lake Elsinore, California

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lake Elsinore, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Lake Elsinore is 30.6, split between 48.7 percent male versus 51.3 female. The percentage of residents who report being married in Lake Elsinore is 48.9, with an average family size of 4.08.

The percentage of residents who report their race in Lake Elsinore is as follows:

White 50.5%
Black / African American 6.6%
Asian 6.1%
American Indian / Alaskan Native 0.5%
Native Hawaiian / Other Pacifc Islander 0.2%
Multi-racial 5.9%
Other 30.2%

Looking for family-friendly neighborhoods in and/or near Lake Elsinore? Or maybe you are searching for 55+ active adult communities in and/or near Lake Elsinore?

The percentage of residents who report their age in Lake Elsinore is as follows:

Under 10 18.9%
Aged 10-19 15.8%
20s 14%
30s 16.7%
40s 12.4%
50s 11%
60s 6.5%
70s 3.1%
80+ 1.6%

Best Schools In Lake Elsinore, California

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lake Elsinore with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lake Elsinore.

Pros And Cons Of Living In Lake Elsinore, California

How do you know that living in -- or moving to -- Lake Elsinore is right where you need to be? Perhaps you grew up in Lake Elsinore or already live nearby; therefore, the decision to buy a home in Lake Elsinore is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lake Elsinore for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lake Elsinore:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lake Elsinore.

Reasons To Move To Lake Elsinore, California, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lake Elsinore can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake Elsinore, meanwhile, can field multiple offers from more qualified buyers.

Lake Elsinore, CA Short Sale Listings


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