Canyon Lake, California.
Typical home $703,487 (+2.2% in a year), asking rent $3,767 . Riverside-San Bernardino-Ontario, CA metro.
to buy the typical home at today's mortgage rate — +$2,001 (+118%) since Jan 2020.
- 1 year
- Up $15,262 +2%
- $688,224$703,487 since Sep 2025
- 5 years
- Up $81,849 +13%
- $621,637$703,487 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Canyon Lake$3,692
- California$3,997
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 28 years.
Typical home values in Canyon Lake, CA rose 2.2% over the past year — faster than the nation's +1.2%.
Living in Canyon Lake, Riverside County, California
Canyon Lake is a city of 11,082 people in Riverside County. Half its households earn more than $126,926 a year and half less, against $93,074 across Riverside County; 7% of its people live below the poverty line. 85% of its homes are lived in by their owners and 15% are rented. Unemployment in Riverside County was 6.2% in August 2026, and the county had 0.7% more jobs in 2025 than the year before. The most residents work in finance and property, then construction.
Written by AI Claude Sonnet 5.5 wrote this on 26 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Canyon Lake is a small city built around its reservoir, and its residents tend to be older than in much of the country. Nearly everyone owns the home they live in, and incomes run well above the county's, with fewer households living in poverty than you might expect. A good share of adults hold a four-year degree, and typical home values are high.
Work. Residents work mostly in banks, insurance and property, the building trades, schools and hospitals, and shops. Commutes are long, and a fair number of people work from home. Across Riverside County, some of the largest workplaces are the University of California-Riverside, Corona-Norco Unified and Amazon, and the county's job market has grown only a little over the past year.
Things to do. Canyon Lake itself, the reservoir, is in or beside town, and so is the California Theatre of the Performing Arts. Lake Elsinore, a lake, is a short drive away, as is the Orange Empire Railway Museum. Winters are mild, with little or no snow, summers are hot, and rain is scarce through the year.
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- 4,105households
- 31%of adults have a degree
- 7%below the poverty line
- 48 mintypical commute
- 29%work from home
What residents work in
Employed residents by industry, from the Census survey. Riverside County had 846,070 jobs in 2025, 0.7% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 65° and lows near 40°; warmest in August, with highs near 98° and lows near 65°. About 12 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Elsinore weather station, 5 miles away (NOAA).
Largest workplaces in Riverside County
- University of California-RiversideUniversity or college4,684
- Corona-Norco UnifiedSchool district4,333FTE
- AmazonGeneral warehousing and storage4,330
- Riverside UnifiedSchool district3,906FTE
- Riverside University Health SystemGeneral hospital3,902FTE
- Eisenhower Medical CenterGeneral hospital3,892FTE
- Moreno Valley UnifiedSchool district3,304FTE
- AmazonGeneral warehousing and storage3,218
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 1,391 workplaces with 20 or more staff, 229,739 people in all across the county; Canyon Lake has two of its own. Colleges come from IPEDS (NCES, 2023–24), school districts from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingRelatively high
- Earthquakesrelatively high in parts of Canyon LakeRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Canyon Lake’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Riverside County and the Riverside-San Bernardino-Ontario, CA metro.
Canyon Lake home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Canyon Lake$703,487
- California$761,538
- United States$366,157
Sellers are cutting prices on about 1 in 3 Canyon Lake listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Canyon Lake32.85%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Canyon Lake119
New listings per month
Sellers arriving at the market.
- Canyon Lake20
Zip codes with a Canyon Lake address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Canyon Lake — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.