Riverside, CA County has seen a robust increase in housing prices over the past year. The median value of a home in Riverside is $536,000, which is significantly higher than the US median house value of $338,100. This difference is further reflected in the appreciation rates; Riverside homes have seen a 9.92% increase in value over the past year as compared to 8.27% for houses across the country. It appears that Riverside is one of the most desirable housing markets in the country right now and shows no signs of slowing down anytime soon.
The median home cost in Riverside County is $536,000. Home appreciation the last 10 years has been 183.5%. Home Appreciation in Riverside County is up 18.3%.
Average Age of Homes
- The median age of Riverside County real estate is 29 years old
The Rental Market in Riverside County
- Renters make up 29.2% of the Riverside County population
- 1.4% of houses and apartments in Riverside County, 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.