The housing market in Riverside-San Bernardino-Ontario, CA Metro Area is highly competitive, with a median value of $529,600, which is significantly higher than the US house median value of $338,100. This area has seen a robust appreciation of 10.63% in the last year alone, significantly higher than the national average of 8.27%. It's clear that this area is attractive to potential homeowners and real estate investors alike due to its strong appreciation trend and fast-growing market.
The median home cost in Riverside-San Bernardino-Ontario Metro Area is $529,600. Home appreciation the last 10 years has been 180.5%. Home Appreciation in Riverside-San Bernardino-Ontario Metro Area is up 17.8%.
Average Age of Homes
- The median age of Riverside-San Bernardino-Ontario Metro Area real estate is 32 years old
The Rental Market in Riverside-San Bernardino-Ontario Metro Area
- Renters make up 31.3% of the Riverside-San Bernardino-Ontario Metro Area population
- 1.3% of houses and apartments in Riverside-San Bernardino-Ontario Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.