Riverside, CA—92508
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 $752,000, with a year-over-year change of -2.7%. 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 | $752,000 | -2.7% |
| Single Family | $753,000 | -3.0% |
| Condos | $378,000 | -0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $418,000 | 0.0% |
3 Bed | $665,000 | -2.8% |
4 Bed | $753,000 | -3.0% |
| 5 Bed | $840,000 | -2.9% |
% of Housing Stock
Rental Trends — Riverside, CA
As of July '25, Rentcast reports the average rent in Riverside, CA is $3,410, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Riverside, CA is 1-bedrooms: $2,080, 2-bedrooms: $2,200, 3-bedrooms: $3,090, 4-bedrooms: $3,740. The most common rental property sizes in Riverside, CA are 2-bedroom and 4-bedroom, accounting for 29.1% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $3,410 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,200 | $2,080 |
| 2 Bed Rent | $2,200 | $2,200 |
| 3 Bed Rent | $2,900 | $3,090 |
| 4 Bed Rent | $3,500 | $3,740 |
% 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 60. This is a increase of 28.0% 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 | $796,000 | 2.0% |
Listing Count | 90 | 6.0% |
| Listings as % of Homes | 0.5% | 6.0% |
Days on Market | 60 | 28.0% |
Demographics — Riverside, CA
As of the latest ACS Survey released in 2023, Riverside, CA has a population of 36,800, which has decreased by -6.2% over the past 5 years. Riverside, CA is a popular place for families, as children make up 25.7% of the population. The area has a moderately educated workforce, with 38.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,800 | -6.2% |
% Under 18 | 25.7% | -4.5% |
% Seniors | 11.7% | 30.0% |
% WFH | 11.6% | 182.9% |
% w/ College Degree | 38.4% | 17.4% |
As of the latest ACS Survey released in 2023, Riverside, CA is a predominantly white area, with 39.3% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Riverside, CA is hispanic, making up 35.4% of the population. Foreign-born residents account for 17.2% of the population in Riverside, CA, and this percentage has increased by 1.8% 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 | 39.3% | -2.5% |
% Black | 6.1% | -35.1% |
% Hispanic | 35.4% | -1.9% |
% Asian | 12.5% | 26.3% |
% Foreign Born | 17.2% | 1.8% |
Mortgage and Risk — Riverside, CA
According to HUD data as of 2023, there were 370 mortgage originations in Riverside, CA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Riverside, CA. Investor activity is low, as 4.0% 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 | 370 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 4.0% |
% 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 0.5%. 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 | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $580 | $2,200 | $2,780 |
| 2 Bedroom | $1,260 | $2,200 | $3,460 |
| 3 Bedroom | $1,720 | $2,900 | $4,620 |
| 4 Bedroom | $2,120 | $3,500 | $5,620 |
Affordability — Riverside, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $752,000 |
| Median Household Income | $144,000 |