Quick facts: Perris, CA

Quick Facts

127.6
Cost of Living
above US average
80,263
Population
29.13
Crime Rate per 1000
above US average
$78,352
Median Income
below US average
$586,614
Median House Price
above US average
$2594.06
Average Rent
above US average
14%
Poverty Rate
above US average
6.7%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $78,352.

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Income Needed to Buy

βœ— Stretch
$184k/year
Based on $586,614 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $184k vs median $78,352
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Income Needed to Rent

⚠ Stretch
$111k/year
Based on $2594.06/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $111k vs median $78,352
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Perris, CA

Perris, California, located in Riverside County, is a small city known for its rich history and growing community. Established in the late 19th century, Perris was initially a railroad hub, which helped shape its development and economic prospects. Today, it is a blend of suburban living and rural charm, with a population of approximately 80,000 residents. Outdoor enthusiasts will appreciate the nearby Lake Perris State Recreation Area, which offers a range of activities such as boating, fishing, hiking, and picnicking. The lake is an essential spot for both locals and visitors, facilitating various water sports and events. Additionally, the city hosts the annual Perris Valley Aviators air show, celebrating its aviation history. Perris features a diverse community with various cultural influences evident in its local cuisine and community events. The city is also experiencing growth in business and infrastructure, making it an appealing spot for families and new residents seeking more affordable housing compared to larger cities in the region. Overall, Perris combines historical significance with modern conveniences, creating a unique living environment in Southern California.

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