Riverside, CA—92503
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 $630,000, with a year-over-year change of -3.3%. 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 | $630,000 | -3.3% |
| Single Family | $636,000 | -3.3% |
| Condos | $382,000 | -3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $407,000 | -3.8% |
2 Bed | $477,000 | -3.0% |
3 Bed | $593,000 | -3.4% |
4 Bed | $682,000 | -3.3% |
| 5 Bed | $943,000 | -2.3% |
% of Housing Stock
Rental Trends — Riverside, CA
As of July '25, Rentcast reports the average rent in Riverside, CA is $2,760, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Riverside, CA is studios: $1,420, 1-bedrooms: $1,950, 2-bedrooms: $2,320, 3-bedrooms: $3,250, 4-bedrooms: $3,680. The most common rental property sizes in Riverside, CA are 2-bedroom and 3-bedroom, accounting for 33.4% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,760 |
| Studio Rent | $1,650 | $1,420 |
| 1 Bed Rent | $1,980 | $1,950 |
| 2 Bed Rent | $2,200 | $2,320 |
| 3 Bed Rent | $3,190 | $3,250 |
| 4 Bed Rent | $3,500 | $3,680 |
% 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 73. This is a increase of 66.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $680,000 | -7.0% |
Listing Count | 169 | 12.0% |
| Listings as % of Homes | 0.5% | 12.0% |
Days on Market | 73 | 66.0% |
Demographics — Riverside, CA
As of the latest ACS Survey released in 2023, Riverside, CA has a population of 88,200, which has decreased by -6.6% over the past 5 years. Riverside, CA is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 20.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 88,200 | -6.6% |
% Under 18 | 25.3% | -4.2% |
% Seniors | 12.0% | 17.6% |
% WFH | 9.6% | 209.7% |
% w/ College Degree | 20.7% | 13.1% |
As of the latest ACS Survey released in 2023, Riverside, CA is a predominantly hispanic area, with 60.8% of the population identifying as hispanic. The hispanic population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Riverside, CA is white, making up 23.7% of the population. Foreign-born residents account for 27.5% of the population in Riverside, CA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 23.7% | -11.2% |
% Black | 3.8% | -2.6% |
% Hispanic | 60.8% | -0.2% |
% Asian | 8.0% | 11.1% |
% Foreign Born | 27.5% | 0.0% |
Mortgage and Risk — Riverside, CA
According to HUD data as of 2023, there were 940 mortgage originations in Riverside, CA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Riverside, CA. Investor activity is low, as 2.0% 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 | 940 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% 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 6.9%. 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 and 3-bedroom and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 723 |
Total Units Section 8 | 576 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,980 | $1,970 |
| 2 Bedroom | $250 | $2,200 | $2,450 |
| 3 Bedroom | $80 | $3,190 | $3,270 |
| 4 Bedroom | $480 | $3,500 | $3,980 |
Affordability — Riverside, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $630,000 |
| Median Household Income | $91,500 |