What are current home values in Canyon Lake, CA?

The median home value in Canyon Lake, CA is $701,056 as of August 2026. This represents a 0.1% increase compared to last month and a 1.7% increase year-over-year.

How have home values changed in Canyon Lake, CA?

Home values in Canyon Lake, CA have increased by 0.1% month-over-month and 1.7% 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 ($701,056) compares to: Riverside County ($604,305), California ($764,158), and the U.S. national median ($368,697).

Canyon Lake, CA Housing Market

$701,056

1.7% 1-yr

The average Canyon Lake, CA home value is $701,056, up 1.7% over the past year. (Updated on 8/31/2026)

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: $701,056

1-Year Value Change: +1.7%

(Data through August 31, 2026)

Canyon Lake Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 126 (August 31, 2026)

New Listings: 26 (August 31, 2026)

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: $861,498 (August 31, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: --

(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$407,143
Sun City$428,150
Romoland$587,198
Horsethief Canyon Ranch$672,571
May Ranch--
Sycamore Creek$799,628
Lake Mathews$1,038,929
Lasselle$581,279
Rainbow Ridge$546,350

Move forward with a local partner

Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.

Talk to a local agent

Get pre-qualified for a loan

At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.

Start Now

An equal housing lender. NMLS #10287.

Canyon Lake Rental Market Trends

Average Rent: $3,892 (August 31, 2026)

National Average Rent: $1,948 (August 31, 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.