Housing in Riverside, CA is a desirable option for potential home buyers due to its relatively high median value of $590,700 compared to the US median value of $338,100. Furthermore, the house appreciation 1 year rate in Riverside is 9.15%, which is an impressive statistic higher than the US average of 8.27%. With its low inventory and competitive market, Riverside is an attractive area for consider when looking for a place to call home.
The median home cost in Riverside is $590,700. Home appreciation the last 10 years has been 193.0%. Home Appreciation in Riverside is up 17.4%.
Average Age of Homes
- The median age of Riverside real estate is 42 years old
The Rental Market in Riverside
- Renters make up 41.1% of the Riverside population
- 2.0% of houses and apartments in Riverside, 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.