Riverside, CA—92506
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 $693,000, with a year-over-year change of -2.0%. 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 | $693,000 | -2.0% |
| Single Family | $699,000 | -2.0% |
| Condos | $495,000 | -0.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $531,000 | -2.0% |
3 Bed | $634,000 | -2.6% |
4 Bed | $783,000 | -1.8% |
| 5 Bed | $1,035,000 | -1.2% |
% of Housing Stock
Rental Trends — Riverside, CA
As of July '25, Rentcast reports the average rent in Riverside, CA is $3,020, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in Riverside, CA is studios: $1,800, 1-bedrooms: $1,860, 2-bedrooms: $2,500, 3-bedrooms: $3,290, 4-bedrooms: $4,390. The most common rental property sizes in Riverside, CA are 3-bedroom and 2-bedroom, accounting for 36.9% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $3,020 |
| Studio Rent | $1,800 | $1,800 |
| 1 Bed Rent | $1,850 | $1,860 |
| 2 Bed Rent | $2,400 | $2,500 |
| 3 Bed Rent | $3,100 | $3,290 |
| 4 Bed Rent | $3,800 | $4,390 |
% 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 32.0% 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 | $832,000 | 5.0% |
Listing Count | 124 | 8.0% |
| Listings as % of Homes | 0.7% | 8.0% |
Days on Market | 70 | 32.0% |
Demographics — Riverside, CA
As of the latest ACS Survey released in 2023, Riverside, CA has a population of 44,300, which has decreased by -3.4% over the past 5 years. Riverside, CA is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 42.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,300 | -3.4% |
% Under 18 | 24.3% | 11.5% |
% Seniors | 16.1% | -0.6% |
% WFH | 12.5% | 171.7% |
% w/ College Degree | 42.3% | 18.5% |
As of the latest ACS Survey released in 2023, Riverside, CA is a predominantly white area, with 50.9% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Riverside, CA is hispanic, making up 35.7% of the population. Foreign-born residents account for 11.2% of the population in Riverside, CA, and this percentage has decreased by 16.4% 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 | 50.9% | -1.9% |
% Black | 4.3% | -25.9% |
% Hispanic | 35.7% | 4.4% |
% Asian | 5.0% | 2.0% |
% Foreign Born | 11.2% | -16.4% |
Mortgage and Risk — Riverside, CA
According to HUD data as of 2023, there were 691 mortgage originations in Riverside, CA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Riverside, CA. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 691 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Riverside, CA
As of 2024, the percent of homes in Riverside, CA under the Section 8 program is 3.8%. 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 | 108 |
Total Units Section 8 | 108 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,850 | $1,990 |
| 2 Bedroom | $80 | $2,400 | $2,480 |
| 3 Bedroom | $210 | $3,100 | $3,310 |
| 4 Bedroom | $230 | $3,800 | $4,030 |
Affordability — Riverside, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $693,000 |
| Median Household Income | $121,000 |