Median price for residential apartments in as of May, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
1,118 Riverside, CA, USA apartments for sale
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Riverside
According to statistics, the population in Riverside, CA amounts to 330,080, which shows decline 1% compared to the previous year. The median age of the city’s residents is 31. The average household income is $67,850, shifting growth 1% from the past year, and the average property value in Riverside, CA growth 4% to $385,000 throughout the year.
| Population | 330,080 |
| Median Age | 31.2 |
| Poverty Rate | 17% |
| Household Income | $67,850 |
| Number Of Employees | 156,254 |
| Median Property Value | $385,000 |
Household Income
The average household income in Riverside, CA grew from $66,928 to $67,850 in the past year. This data is an estimate based upon 87,341 households in Riverside, CA . The chart below presents how household income is distributed in Riverside, CA in comparison to the revenue allocation amid households nationally.
- USA
- Riverside, CA
Property Value
According to data from last year, the average property value in Riverside, CA shifted from $368,600 to $385,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Riverside, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Riverside, CA properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
- USA
- Riverside, CA
Rent vs. Own
- Rent55%
- Own45%
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Riverside, CA compared to median property taxes around the country. The prevalent amount of property taxes in Riverside, CA equals $3000, which is less than the national average.
- USA
- Riverside, CA
Housing Trends
Riverside, CA, USA Housing Trends
Average sale in Riverside: $618,902 (+18.8%)
| Apartment Size | May | vs Last Month |
|---|---|---|
| 2 bed apartments | $333,740 | -0.5% |
| 3 bed apartments | $523,685 | +12.9% |
| 4+ bed apartments | $756,845 | +13.7% |
During May 2021, the average price for an apartment in/near Riverside, CA increased by 18.8% to $618,902.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $333,740. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $523,685. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $756,845 for a big-family home.
| Listing Type | May | vs Last Month |
|---|---|---|
| Apartments for sale | $719,394 | +190.3% |
| Townhouses for sale | $424,714 | +8% |
| Lofts for sale | $787,450 | +2.9% |
| Houses for sale | $608,788 | -2.2% |
| Condos for sale | $325,000 | N/A |
| Duplexes for sale | $719,990 | N/A |
While assessing the property pricing Riverside, CA, you can note that it remains flat with a price tag of $719,394. According to statistics, average house is still $608,788 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $325,000. An average value of duplex is $719,990, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $787,450. Value of the townhouses didn’t change, the price still starts at $424,714.
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