Riverside, CA—92505
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 $621,000, with a year-over-year change of -3.4%. 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 | $621,000 | -3.4% |
| Single Family | $627,000 | -3.5% |
| Condos | $421,000 | -3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $284,000 | -3.7% |
2 Bed | $492,000 | -4.1% |
3 Bed | $600,000 | -3.7% |
4 Bed | $666,000 | -3.1% |
| 5 Bed | $797,000 | -2.8% |
% of Housing Stock
Rental Trends — Riverside, CA
As of July '25, Rentcast reports the average rent in Riverside, CA is $2,620, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Riverside, CA is studios: $1,550, 1-bedrooms: $1,780, 2-bedrooms: $2,250, 3-bedrooms: $2,950, 4-bedrooms: $3,300. The most common rental property sizes in Riverside, CA are 2-bedroom and 1-bedroom, accounting for 35.5% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,620 |
| Studio Rent | $1,500 | $1,550 |
| 1 Bed Rent | $1,800 | $1,780 |
| 2 Bed Rent | $2,150 | $2,250 |
| 3 Bed Rent | $2,990 | $2,950 |
| 4 Bed Rent | $3,300 | $3,300 |
% 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 70. 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $650,000 | -4.0% |
Listing Count | 66 | 31.0% |
| Listings as % of Homes | 0.3% | 31.0% |
Days on Market | 70 | 5.0% |
Demographics — Riverside, CA
As of the latest ACS Survey released in 2023, Riverside, CA has a population of 53,100, which has increased by 3.4% 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 20.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 53,100 | 3.4% |
% Under 18 | 25.3% | 1.6% |
% Seniors | 10.8% | 11.3% |
% WFH | 9.0% | 100.0% |
% w/ College Degree | 20.2% | 21.7% |
As of the latest ACS Survey released in 2023, Riverside, CA is a predominantly hispanic area, with 60.4% of the population identifying as hispanic. The hispanic population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Riverside, CA is white, making up 20.0% of the population. Foreign-born residents account for 29.4% of the population in Riverside, CA, and this percentage has increased by 5.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 20.0% | -13.0% |
% Black | 6.0% | 15.4% |
% Hispanic | 60.4% | -0.7% |
% Asian | 10.4% | 25.3% |
% Foreign Born | 29.4% | 5.8% |
Mortgage and Risk — Riverside, CA
According to HUD data as of 2023, there were 366 mortgage originations in Riverside, CA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 32.0% 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. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 366 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Riverside, CA
As of 2024, the percent of homes in Riverside, CA under the Section 8 program is 2.7%. 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 | 235 |
Total Units Section 8 | 235 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $460 | $1,800 | $2,260 |
| 2 Bedroom | $660 | $2,150 | $2,810 |
| 3 Bedroom | $760 | $2,990 | $3,750 |
| 4 Bedroom | $1,260 | $3,300 | $4,560 |
Affordability — Riverside, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $621,000 |
| Median Household Income | $84,500 |