Riverside, CA—92507
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 $602,000, with a year-over-year change of -3.2%. 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 | $602,000 | -3.3% |
| Single Family | $622,000 | -3.3% |
| Condos | $367,000 | -5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $323,000 | -3.0% |
2 Bed | $422,000 | -3.7% |
3 Bed | $578,000 | -3.8% |
4 Bed | $679,000 | -3.0% |
| 5 Bed | $764,000 | -2.9% |
% of Housing Stock
Rental Trends — Riverside, CA
As of July '25, Rentcast reports the average rent in Riverside, CA is $2,560, with a year-over-year rent change of -2.3%. Per bedroom, the median rent as of July '25 in Riverside, CA is studios: $1,600, 1-bedrooms: $1,620, 2-bedrooms: $2,230, 3-bedrooms: $2,930, 4-bedrooms: $3,730. The most common rental property sizes in Riverside, CA are 2-bedroom and 1-bedroom, accounting for 40.5% and 33.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,560 |
| Studio Rent | $1,600 | $1,600 |
| 1 Bed Rent | $1,680 | $1,620 |
| 2 Bed Rent | $2,150 | $2,230 |
| 3 Bed Rent | $3,000 | $2,930 |
| 4 Bed Rent | $3,600 | $3,730 |
% 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 54. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $612,000 | -6.0% |
Listing Count | 131 | -5.0% |
| Listings as % of Homes | 0.3% | -5.0% |
Days on Market | 54 | 1.0% |
Demographics — Riverside, CA
As of the latest ACS Survey released in 2023, Riverside, CA has a population of 61,900, which has increased by 7.0% over the past 5 years. Riverside, CA is a moderately popular place for families, as children make up 18.7% of the population. The area has a moderately educated workforce, with 32.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 61,900 | 7.0% |
% Under 18 | 18.7% | -2.1% |
% Seniors | 7.3% | -6.4% |
% WFH | 8.5% | 93.2% |
% w/ College Degree | 32.0% | 13.9% |
As of the latest ACS Survey released in 2023, Riverside, CA is a predominantly hispanic area, with 52.0% of the population identifying as hispanic. The hispanic population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Riverside, CA is white, making up 21.0% of the population. Foreign-born residents account for 22.8% of the population in Riverside, CA, and this percentage has increased by 3.2% 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 | 21.0% | -16.3% |
% Black | 9.0% | 4.7% |
% Hispanic | 52.0% | 0.8% |
% Asian | 14.6% | 24.8% |
% Foreign Born | 22.8% | 3.2% |
Mortgage and Risk — Riverside, CA
According to HUD data as of 2023, there were 510 mortgage originations in Riverside, CA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 510 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Riverside, CA
As of 2024, the percent of homes in Riverside, CA under the Section 8 program is 3.7%. 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 | 612 |
Total Units Section 8 | 538 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $1,680 | $2,040 |
| 2 Bedroom | $390 | $2,150 | $2,540 |
| 3 Bedroom | $390 | $3,000 | $3,390 |
| 4 Bedroom | $530 | $3,600 | $4,130 |
Affordability — Riverside, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.8 |
| Median Home Price | $602,000 |
| Median Household Income | $72,400 |