The housing market in 92503 Riverside, CA is thriving. The median value of a house in this area is 536,300 dollars which is much higher than the US House Median Value of 338,100 dollars. Moreover, the one year appreciation of houses in this area is 9.15%, which is greater than the US national one year appreciation rate of 8.27%. This high appreciation rate shows that this area has a thriving housing market and can be an excellent investment opportunity for buyers looking to purchase a home or for investors looking to buy property.
The median home cost in Riverside (zip 92503) is $536,300. Home appreciation the last 10 years has been 193.0%. Home Appreciation in Riverside (zip 92503) is up 17.4%.
Average Age of Homes
- The median age of Riverside (zip 92503) real estate is 38 years old
The Rental Market in Riverside (zip 92503)
- Renters make up 34.9% of the Riverside (zip 92503) population
- 0.6% of houses and apartments in Riverside (zip 92503), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.