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.
|Number Of Employees||156,254|
|Median Property Value||$385,000|
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.
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.
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.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$573,920||+59.7%|
|1 bed for sale||$472,199||+70.4%|
|2 bed for sale||$423,160||-8.7%|
|3 bed for sale||$584,562||-2.9%|
|4+ bed for sale||$701,062||-16.1%|
During Jul 2022, the average price for an apartment in/near Riverside, CA decreased by 10.1% to $629,791.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 70.4% to $472,199. Asking price for 2-bed apartment also decreased by 8.7% and a place of this size will now cost you $423,160. A 3-bed apartment goes for $584,562, it decreased by 2.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 16.1% and made it down to $701,062.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$571,062||+12.7%|
|Apartments for sale||$140,000||-11.4%|
|Houses for sale||$651,414||-4.6%|
|Land for sale||$464,563||-81.4%|
|Condos for sale||$412,483||+0.9%|
|Duplexes for sale||$661,633||N/A|
The average cost of an apartment in Riverside, CA decreased by 11.4% to $140,000. Price reports demonstrate that house price decreased by 4.6% this month making it up to $651,414. Condos are really in demand in this season. The median price for a condo increased by 0.9%, it’s now available for $412,483. An average value of duplex is $661,633, thus a median price for a duplex remains the same this month. The property value of townhouses increased by 12.7%, you’ll have to spend around $571,062 to get one.