Home Values

Riverside Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$285,100

  • 5.9% 1-year change
  • 4.7% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Riverside Metro is $285,100. Riverside Metro home values have gone up 5.9% over the past year and Zillow predicts they will rise 4.7% within the next year. The median list price per square foot in Riverside Metro is None. The median rent price in Riverside Metro is $1,600, which is lower than the California median of $1,995.

Foreclosures will be a factor impacting home values in the next several years. In Riverside Metro 4.1 homes are foreclosed (per 10,000). This is greater than the California value of 2.6 and also greater than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Riverside Metro is 6.4%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Riverside Metro homeowners underwater on their mortgage is 17.0%, which is higher than California at 11.6%.

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Relative ZHVI
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Riverside Metro Market Overview

Data through Apr 30, 2015
  • $285,100 ZHVI
  • 4.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • $291,625 Median sale price
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Riverside Metro Market Health

Data through Apr 30, 2015
  • No recent data Healthy
  • 91 Average days on Zillow (Mar 31, 2015)
  • 17.0% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 6.4% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

4.1 homes Riverside Metro
2.6 homes California
3.9 homes United States
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Cities in Riverside Metro

Name Median ZHVI
Rancho Cucamonga $429,200
Corona $427,300
Ontario $311,400
Name Median ZHVI
Fontana $283,900
Riverside $283,200
Moreno Valley $226,500
Name Median ZHVI
San Bernardino $182,400
Hemet $177,800
Victorville $170,400

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $165 Median sale price / sq ft
  • No data Listings with price cut
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Riverside Metro Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,674 Riverside Metro
    $2,238 California
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,600 Rent list price
  • $1.05 Rent list price / sq ft
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