Riverside, CA—92501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Riverside, CA
As of Oct '25, the median home price in Riverside, CA is $556,000, with a year-over-year change of -2.2%. This indicates that home prices in Riverside, CA are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $556,000 | -2.2% |
| Single Family | $559,000 | -2.4% |
| Condos | $397,000 | -4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $478,000 | -0.8% |
3 Bed | $551,000 | -2.7% |
4 Bed | $612,000 | -2.5% |
| 5 Bed | $694,000 | -1.6% |
% of Housing Stock
Rental Trends — Riverside, CA
As of July '25, Rentcast reports the average rent in Riverside, CA is $2,340, with a year-over-year rent change of -8.2%. Per bedroom, the median rent as of July '25 in Riverside, CA is studios: $1,530, 1-bedrooms: $1,760, 2-bedrooms: $2,210, 3-bedrooms: $3,310, 4-bedrooms: $4,340. The most common rental property sizes in Riverside, CA are 2-bedroom and 1-bedroom, accounting for 36.5% and 21.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,340 |
| Studio Rent | $1,450 | $1,530 |
| 1 Bed Rent | $1,750 | $1,760 |
| 2 Bed Rent | $2,050 | $2,210 |
| 3 Bed Rent | $3,180 | $3,310 |
| 4 Bed Rent | $4,200 | $4,340 |
% of Rental Stock
Property Listings — Riverside, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Riverside, CA is 43. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $631,000 | -4.0% |
Listing Count | 47 | 16.0% |
| Listings as % of Homes | 0.4% | 16.0% |
Days on Market | 43 | 5.0% |
Demographics — Riverside, CA
As of the latest ACS Survey released in 2023, Riverside, CA has a population of 22,100, which has increased by 2.0% over the past 5 years. Riverside, CA is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 18.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,100 | 2.0% |
% Under 18 | 23.1% | -2.1% |
% Seniors | 10.4% | 13.0% |
% WFH | 10.7% | 148.8% |
% w/ College Degree | 18.4% | -8.0% |
As of the latest ACS Survey released in 2023, Riverside, CA is a predominantly hispanic area, with 62.1% of the population identifying as hispanic. The hispanic population has grown by 12.7% in the last 5 years. The second most common race or ethnicity in Riverside, CA is white, making up 26.7% of the population. Foreign-born residents account for 18.1% of the population in Riverside, CA, and this percentage has decreased by 16.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.7% | -8.2% |
% Black | 7.0% | -2.8% |
% Hispanic | 62.1% | 12.7% |
% Asian | 2.4% | -60.0% |
% Foreign Born | 18.1% | -16.6% |
Mortgage and Risk — Riverside, CA
According to HUD data as of 2023, there were 198 mortgage originations in Riverside, CA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Riverside, CA. Investor activity is low, as 4.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 198 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Riverside, CA
As of 2024, the percent of homes in Riverside, CA under the Section 8 program is 10.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Riverside, CA, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 459 |
Total Units Section 8 | 385 |
% Rentals under Section 8 | 10.5% |
% Occupied Section 8 | 93.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,750 | $1,680 |
| 2 Bedroom | $40 | $2,050 | $2,090 |
| 3 Bedroom | -$390 | $3,180 | $2,790 |
| 4 Bedroom | -$810 | $4,200 | $3,390 |
Affordability — Riverside, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $556,000 |
| Median Household Income | $83,000 |