Riverside, CA—92504
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 $598,000, with a year-over-year change of -3.0%. This indicates that home prices in Riverside, CA are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $598,000 | -3.0% |
| Single Family | $600,000 | -3.2% |
| Condos | $442,000 | -2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $513,000 | -3.0% |
3 Bed | $576,000 | -3.4% |
4 Bed | $684,000 | -2.3% |
| 5 Bed | $1,107,000 | 0.1% |
% of Housing Stock
Rental Trends — Riverside, CA
As of July '25, Rentcast reports the average rent in Riverside, CA is $2,490, with a year-over-year rent change of -9.5%. Per bedroom, the median rent as of July '25 in Riverside, CA is studios: $1,630, 1-bedrooms: $1,680, 2-bedrooms: $2,250, 3-bedrooms: $3,000, 4-bedrooms: $3,110. The most common rental property sizes in Riverside, CA are 2-bedroom and 3-bedroom, accounting for 34.9% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,490 |
| Studio Rent | $1,650 | $1,630 |
| 1 Bed Rent | $1,780 | $1,680 |
| 2 Bed Rent | $2,150 | $2,250 |
| 3 Bed Rent | $3,000 | $3,000 |
| 4 Bed Rent | $2,900 | $3,110 |
% 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 50. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $650,000 | -8.0% |
Listing Count | 131 | 47.0% |
| Listings as % of Homes | 0.6% | 47.0% |
Days on Market | 50 | -6.0% |
Demographics — Riverside, CA
As of the latest ACS Survey released in 2023, Riverside, CA has a population of 57,100, which has decreased by -4.1% over the past 5 years. Riverside, CA is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 57,100 | -4.1% |
% Under 18 | 22.1% | -9.8% |
% Seniors | 15.6% | 31.1% |
% WFH | 8.4% | 64.7% |
% w/ College Degree | 21.1% | 14.1% |
As of the latest ACS Survey released in 2023, Riverside, CA is a predominantly hispanic area, with 56.4% of the population identifying as hispanic. The hispanic population has grown by 4.8% in the last 5 years. The second most common race or ethnicity in Riverside, CA is white, making up 27.7% of the population. Foreign-born residents account for 19.6% of the population in Riverside, CA, and this percentage has decreased by 3.4% 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 | 27.7% | -17.6% |
% Black | 8.1% | 42.1% |
% Hispanic | 56.4% | 4.8% |
% Asian | 4.1% | -18.0% |
% Foreign Born | 19.6% | -3.4% |
Mortgage and Risk — Riverside, CA
According to HUD data as of 2023, there were 765 mortgage originations in Riverside, CA, of which 73.0% 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 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 765 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Riverside, CA
As of 2024, the percent of homes in Riverside, CA under the Section 8 program is 11.9%. 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. In Riverside, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 759 |
Total Units Section 8 | 678 |
% Rentals under Section 8 | 11.9% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,780 | $1,900 |
| 2 Bedroom | $210 | $2,150 | $2,360 |
| 3 Bedroom | $150 | $3,000 | $3,150 |
| 4 Bedroom | $930 | $2,900 | $3,830 |
Affordability — Riverside, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $598,000 |
| Median Household Income | $88,200 |