Riverside County Housing Market Report
Median home price is $296,600 with a rental parity value of $385,400. This market’s discount is $88,800.
Monthly payment affordability has been worsening over the last 1 month(s). Momentum suggests unchanging affordability.
Resale prices on a $/SF basis increased from $168/SF to $169/SF. Resale prices have been rising for 3 month(s).
Over the last 12 months, resale prices rose 3.6% indicating a longer term upward price trend.
Median rental rates increased $2 last month from $1,700 to $1,702. The current capitalization rate (rent/price) is 5.5%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 8