Hemet, CA housing market
Typical home value
$441K
▲ 0.6% 1 yr
Typical rent
$1,839/mo
▼ 0.6% 1 yr
Gross rent yield
5.0%
U.S. 6.3%
5-year home value change
+18%
U.S. +20%
Key takeaways
- 1The typical home in Hemet is worth $441,488, up 0.6% over the past year and up 18% over five years.
- 2Typical rent is $1,839 a month (−0.6% YoY), a gross rent yield of 5.0% (below the Riverside, CA metro's 5.2%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,426/mo, $587 more than typical rent.
- 4Zillow forecasts the Riverside, CA metro's home values to change +0.3% over the next 12 months.
Market temperature (Riverside, CA metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 39/100, #290 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Hemet compares
| Measure | Hemet | Riverside, CA metro | United States |
|---|---|---|---|
| Typical home value | $441,488 | $580,321 | $366,157 |
| Home value, 1-yr change | +0.6% | +0.6% | +1.2% |
| Typical rent | $1,839 | $2,533 | $1,932 |
| Rent, 1-yr change | −0.6% | +2.9% | +2.7% |
| Gross rent yield | 5.0% | 5.2% | 6.3% |
| Price-to-rent ratio | 20.0 | 19.1 | 15.8 |
| Mortgage P&I, typical home | $2,426 | $3,189 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Hemet rental, pre-filled.
Rent vs buy in Hemet
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $441K home.
Landlord in California? See California deposit, late fee and notice rules.
Other cities in the Riverside, CA metro
Riverside, CA
$642K home$2,427 rent
▲ 0.9% 1 yr
San Bernardino, CA
$493K home$1,971 rent
▲ 2.3% 1 yr
Fontana, CA
$634K home$3,191 rent
▲ 0.6% 1 yr
Corona, CA
$751K home$2,661 rent
▲ 0.2% 1 yr
Moreno Valley, CA
$550K home$2,412 rent
▲ 0.8% 1 yr
Ontario, CA
$662K home$2,580 rent
▼ 0.1% 1 yr
Rancho Cucamonga, CA
$779K home$2,786 rent
▲ 0.2% 1 yr
Victorville, CA
$436K home$2,248 rent
▲ 0.9% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.