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These days, finding an affordable place to live in the Riverside area can be challenging. Home prices in Riverside are now at a median cost of $533,283, lower than the California average of $812,006.
The average cost of rent is $2,083/mo in Riverside, primarily driven by the current value of real estate in the Riverside area. In Riverside, 34.16% of households rent, and 31.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Riverside is $8,213 per month. Households that rent pay about 25.36% of their income on rent here. Riverside’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rubidoux, CA: less expensive homes
- Pedley, CA: higher priced homes
- Woodcrest, CA: higher priced homes
- Crestmore Heights, CA: higher priced homes
- Glen Avon, CA: equally priced homes
- Mira Loma, CA: higher priced homes
- Lake Mathews, CA: higher priced homes
- Grand Terrace, CA: less expensive homes
- Bloomington, CA: less expensive homes
- Norco, CA: higher priced homes
Cities with Similar Populations
- Los Angeles, CA: higher priced homes
- Loganville, GA: less expensive homes
- Lexington, SC: less expensive homes
- Littleton, CO: higher priced homes
- Lubbock, TX: less expensive homes
- Lima, OH: less expensive homes
- Lodi, CA: equally priced homes
- Lafayette, LA: less expensive homes
- Lake Charles, LA: less expensive homes
- Las Vegas, NV: less expensive homes
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