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Murrieta, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,699
Monthly Cash Flow
-$1,414
Principal + Equity
$4,244
Annual Total Gain
$33,959
Cash on Cash
-9.93%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$396
Occupancy Rate
46.67%
Monthly Revenue
$4,190
Monthly Cash Flow
-$552
Principal + Equity
$4,244
Annual Total Gain
$44,307
Cash on Cash %
-3.88%
Net ROI %
Market Health & Growth
Median Income
$109,780
Population
111,621
LTR Renter %
30.68%
Forecast (1 yr)
1.45%
Appreciation (1 yr)
-1.71%
Appreciation (5 yr)
46.51%
Appreciation (10 yr)
88.19%
Job Growth
-0.29%
LTR Rentability
Low
STR Demand
44
STR Rentals
221
Top Public Schools
A-Vista Murrieta High School
A-Murrieta Mesa High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Suburbs in California
#113out of 526 markets
Places with the Best Public Schools in California
#166out of 817 markets
Suburbs with the Best Public Schools in California
#150out of 526 markets
A-
Public School
C
Crime And Safety
D
Housing
B-
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Murrieta, CA.
In Murrieta, CA, short term rentals (STRs) are regulated by the city's Municipal Code. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Permit Requirement: STRs in Murrieta require a permit from the city. The permit application process may involve submitting documentation such as proof of insurance, a floor plan of the property, and a signed affidavit agreeing to comply with all applicable regulations.
2. Occupancy Limits: The city of Murrieta has specific occupancy limits for STRs, which vary depending on the size of the property. Investors should ensure that they are aware of and comply with these limits to avoid potential fines or penalties.
3. Noise Regulations: Murrieta has noise regulations in place to ensure that STRs do not disturb neighboring residents. Investors should be aware of these regulations and take steps to minimize noise disturbances from their rental property.
4. Transient Occupancy Tax: Murrieta imposes a transient occupancy tax on short term rentals, which must be collected from guests and remitted to the city. Investors should factor this tax into their financial planning for their rental property.
5. Homeowner's Association (HOA) Regulations: If the property is located within a homeowners association, investors should also be aware of any additional regulations or restrictions that may apply to short term rentals. Some HOAs may have their own rules regarding rental properties.
6. Enforcement: The city of Murrieta actively enforces regulations related to short term rentals, including conducting inspections and responding to complaints from neighbors. Investors should be prepared to comply with all regulations and address any issues that may arise promptly.
Overall, investors considering purchasing a property for short term rental purposes in Murrieta should thoroughly research and understand the regulations and requirements in place to ensure compliance and successful operation of their rental property.
Market Trends Over Time
Explore 25 years of market data for Murrieta, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Murrieta, CA.
The LTR Genie Score of Murrieta, CA is 53 and STR Genie Score is 54, indicating a moderate rating for both long-term and short-term rental investments. The LTR Rentability is low, which may be attributed to the low LTR Rent Growth Rate of 0.0559%. However, the LTR Net ROI of 19.86% and STR Net ROI of 25.92% suggest potential profitability in both rental strategies. The 1-Year Price Appreciation Forecast of 1.45% indicates a stable market with slight growth potential. The STR Occupancy rate of 46.67% and STR Revenue of $4,190 demonstrate a steady demand for short-term rentals in the area.
Murrieta, CA is a growing city located in Southern California, known for its family-friendly neighborhoods, good schools, and proximity to major employment centers. The city offers a mix of suburban living with easy access to urban amenities, making it an attractive location for real estate investors.
Based on the metrics provided, Murrieta, CA appears to be a promising market for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by exploring opportunities in both rental strategies to maximize returns. With a moderate Genie Score for both LTR and STR, investors should conduct further research and due diligence to assess the potential risks and rewards before making investment decisions in this market.
LTR Genie Score 64
$945,000
🛏 4 Beds🛁 3.0000 Baths🏙 2,797 sqft.🏠 SINGLE FAMILY
