Moreno Valley, CA is an area with a thriving housing market. The median value of homes in the area is currently $481,700, which is significantly higher than the US median value of $338,100. Additionally, in the last year house appreciation was around 9.15%, which is slightly higher than the US rate of 8.27%. This shows strong growth in housing prices and demonstrates that Moreno Valley is an attractive place to invest in real estate.
The median home cost in Moreno Valley is $481,700. Home appreciation the last 10 years has been 193.0%. Home Appreciation in Moreno Valley is up 17.4%.
Average Age of Homes
- The median age of Moreno Valley real estate is 30 years old
The Rental Market in Moreno Valley
- Renters make up 37.2% of the Moreno Valley population
- 1.4% of houses and apartments in Moreno Valley, 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.