Riverside, CA
Riverside County · Pop. 314,998
Ranked #190 of 243 cities
28Crisis
Median Home Price
🏠$520K
3.5% YoY
Median Rent
🔑$1,750
3.0% YoY
Median Income
💰$62K
Rent Burden
📊34.0%
% of income to rent
Income to Buy
🏦$149K
annual income needed
Income to Rent
📝$70K
annual income needed
Price-to-Income
⚖️8.4x
Homeownership
🏡54.0%
Rent vs. Buy
Buy
$2,768/mo
Est. mortgage (7%, 20% down)
Need $149K/yr income
Rent
$1,750/mo
Median rent
Need $70K/yr income
How Riverside Compares
| Metric | Riverside | California | National |
|---|---|---|---|
| Home Price | $520K | $726K | $410K |
| Rent | $1,750 | $1,992 | $1,500 |
| Income | $62K | $96K | $75K |
| Rent Burden | 34.0% | 40.5% | 30.0% |
Key Takeaways
- • Home prices in Riverside are 27% higher than the national average.
- • Rent is 17% higher than the national average.
- • You need an income of $149K to comfortably buy a home here.
- • The homeownership rate is 54.0%, compared to 65.0% nationally.