Riverside First-Time Homebuyer Report for January

Riverside is a city in California. It's somewhat affluent and the cost of living is less expensive compared to the rest of the state, with a median income of $50,102 per household and cost of living adjustment score of 112.0. La Sierra, Ramona, and Orangecrest are the three largest neighborhoods in terms of population. Riverside is made up of homes that are relatively old with a median of 35 years. Topping the list of best schools in the city is John F. Kennedy Elementary School.


Recommended places to eat, according to Foursquare, in Riverside include In-N-Out Burger, Chipotle Mexican Grill, and California Pizza Kitchen. One of the most popular places to get a drink is Yard House. Lastly, The Coffee Bean & Tea Leaf is a well-known place to get some coffee.

Price Range

The median value of homes in Riverside is $185,600, making the area almost identical to others in California. At the same time, the average list price of available homes is presently $382,470. In this week's report, the number of homes sold in the Riverside market dropped to 225 over the past 30 days. It marked a decrease of 5.1% from last week's report and a fall below the monthly average.

Out of all the listings in Riverside, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$427K   $186K   $539K  

Typical Dwelling

The typical dwelling in Riverside is a three-bedroom detached home worth about $344,513. To purchase a similar home, a buyer with good credit and a $68,903 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,671 monthly payment. The property tax rate is $9.19 per $1,000 of taxable assessed value.

Get started right now by checking out Riverside homes for sale or reviewing Riverside real estate trends.

Data reported through 1/12/2017


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