The Most Affordable Neighborhoods in Magnolia Center, Riverside, CA by Home Value

 

Magnolia Center, Riverside, CA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Magnolia Center area can be challenging. Home prices in Magnolia Center are now at a median cost of $374,005, lower than the Riverside average of $379,112.

The average cost of rent is $1,442/mo in Magnolia Center, primarily driven by the current value of real estate in the Magnolia Center area. While nearly 22.03% of residents own their homes outright in Magnolia Center, 39.95% rent.

Housing affordability isn’t just about home prices, though. The average household income in Magnolia Center is $6,388 per month. Households that rent pay about 22.58% of their income on rent here. Magnolia Center's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the neighborhood.


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