Riverside, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Riverside Neighborhoods Since 2000




Riverside, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Riverside Housing Market Information

With 322,424 people, 91,267 houses or apartments, and a median cost of homes of $328,924, real estate costs in Riverside are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Riverside, accounting for 64.13% of the city's housing units. Other types of housing that are prevalent in Riverside include large apartment complexes or high rise apartments ( 24.18%), duplexes, homes converted to apartments or other small apartment buildings ( 5.58%), and a few row houses and other attached homes ( 3.78%).

The most prevalent building size and type in Riverside are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.29% owning and 46.71% renting.

There is a lot of housing in Riverside built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Riverside built between 1940-1969 ( 33.77%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.11%). There's also some housing in Riverside built before 1939 ( 6.66%).

Riverside Home Appreciation Rates

Riverside's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Riverside during the period has been just -1.78%, which is lower than 80% of US communities.

Appreciation rates are so strong in Riverside that despite a nationwide downturn in the housing market, Riverside real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Riverside appreciation rates continue to be some of the highest in America, at 8.14%, which is higher than appreciation rates in 87.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Riverside. Riverside appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.

Importantly, this makes Riverside one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Riverside's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Riverside differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Riverside - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Riverside real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$328,924

Riverside, CA HOME PRICES

Value Range
> $1,393,000 1.0
$1,045,001 - $1,393,000 1.0
$697,001 - $1,045,000 3.8
$558,001 - $697,000 7.0
$418,001 - $558,000 18.5
$278,001 - $418,000 33.9
$140,001 - $278,000 27.9
$70,001 - $140,000 2.2
$0 - $70,000 4.5

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
13.8052267666706 63.0952380952381

Number Of Homes And Apartments:
91,267

Riverside Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
112.74% 4.47% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,475 / per month

Homeownership Rate

Homeownership
Owners 53.29
Renters 46.71
Vacant 7.23

Housing Market Details

 

Age of Homes

AGE OF Riverside HOMES
2000 or Newer 14.1
1970 - 1999 45.5
1940 - 1969 33.8
1939 or Older 6.7

Types of Homes

TYPE OF Riverside HOMES
Single-Family 64.1
Townhomes 3.8
Small Apt. Buildings 5.6
Apt. Complexes 24.2
Mobile Homes 2.2
Other 0.1

Home Size

SIZE OF Riverside HOMES
No Bedroom 2.14
1 Bedroom 13.11
2 Bedrooms 25.65
3 Bedrooms 32.29
4 Bedrooms 21.20
5 or more bedrooms 5.60