What Is the Average Home Price in Riverside, CA?

What Is the Average Home Price in Riverside, CA?

Sun, ocean beaches, glamor—southern California has a lot to offer, and the cost of living reflects that. Yet within an hour’s drive to Los Angeles, it’s still possible to find housing with obtainable home values if you aren’t in the market for a million-dollar shack. 

Dubbed the crown jewel of the Inland Empire, home values in Riverside, CA, at the end of the 2021 year were averaging $412,510, according to the United States Federal Housing Finance Agency (FHFA).1

While the influx of new buyers is a boon to sellers, it can be difficult to decide on the listing price for your home. In this guide, we’ll give you an overview of the Riverside County housing market by neighborhood so that you can plan for a speedy and lucrative sale.

What Are Average Home Prices in Riverside Neighborhoods? 

Although the city gets high marks in liveability as a whole, the average home price in Riverside, CA, varies depending on the neighborhood. Below are 25 discrete Riverside neighborhoods, their homes’ median price, and a few factors that influence Riverside real estate market prices

This list is in ascending order based on the median home price Riverside county properties are currently valued. 

#1 University of California Riverside

UC Riverside is a quiet, calm neighborhood with a diverse mix of students and families and the lowest Riverside house prices.2 Neighborhood characteristics include: 

  • Median home value: $231,319
  • Population: 27,114

#2 Hunter Industrial Park

This area offers a sparse, suburban feel with many renters, above-average schools, and numerous parks.3Neighborhood characteristics include: 

  • Median home value: $276,142
  • Population: 14,963

#3: Northside

Northside is quiet with convenient dining, older retail establishments, and easy access to downtown Riverside.4Neighborhood characteristics include: 

  • Median home value: $294,827
  • Population: 10,561

#4 Arlanza

Arlanza is an ethnically diverse family neighborhood, quiet during the business workday with families active in the evening.5 Neighborhood characteristics include: 

  • Median home value: $295,601
  • Population: 27,080

#5 Eastside

While improvements to its roads and schools are in process, Eastside does see a higher crime and vandalization rate than most Riverside areas.6 Neighborhood characteristics include: 

  • Median home value: $303,932
  • Population: 16,853

#6 Magnolia Center

Magnolia Center includes both older homes on larger lots and newer homes with less yard space. It’s very walkable with many restaurants. 7Neighborhood characteristics include: 

  • Median home value: $315,284
  • Population: 20,329

#7 Presidential Park

Presidential Park boasts historic homes and beautiful street views.8 Neighborhood characteristics include: 

  • Median home value: $316,050
  • Population: 5,838

#8 Arlington

Arlington has a small-town vibe in the middle of a big city, with prime restaurant choices and good schools.9 Neighborhood characteristics include: 

  • Median home value: $316,700
  • Population: 15,180

#9 Casablanca

Although known for a history of gang violence, Casablanca is a safer neighborhood than in past decades and home to many families.10 Neighborhood characteristics include: 

  • Median home value: $317,780
  • Population: 9,061

#10 Ramona 

Located between Riverside and Corona, Ramona is close to shopping, restaurants, and nightlife. It also offers gardens, trails, parks, and community centers.11 Neighborhood characteristics include: 

  • Median home value: $326,828
  • Population: 30,831

#11 Downtown

Downtown residents enjoy nightlife, the annual Festival of Lights, and historic buildings.12 Neighborhood characteristics include: 

  • Median home value: $333,872
  • Population: 17,028
Twilight view of the city of Riverside, from Mount Rubidoux Park, in Riverside, California

#12 Grand

Grand offers convenience, with fast food and family dining restaurants and shops.13 It’s rated 9th best neighborhood to live in Riverside. Neighborhood characteristics include: 

  • Median home value: $346,221
  • Population: 9,449

#13 La Sierra Acres

La Sierra Acres is a calm neighborhood, although residents need to stay aware of their surroundings. 14Neighborhood characteristics include: 

  • Median home value: $349,091
  • Population: 13,465

#14 La Sierra

La Sierra offers convenience, tranquility, and beautiful scenery to its residents.15 Neighborhood characteristics include: 

  • Median home value: $352,371
  • Population: 41,058

#15 Arlington South

Arlington South includes retail, grocery, and convenience shopping, with easy access to the rest of Riverside.16 Neighborhood characteristics include: 

  • Median home value: $360,115
  • Population: 6,437

#16 Wood Streets

Wood Streets is a dog-friendly family community with intergenerational homes along with many parks and all-ages events.17 Neighborhood characteristics include: 

  • Median home value: $369,632
  • Population: 8,893

#17 La Sierra Hills

Predominantly occupied by homeowners, La Sierra Hills provides a sparse urban feel and several parks. 18Neighborhood characteristics include: 

  • Median home value: $396,050
  • Population: 13,301

#18 Victoria

Victoria is a safe, quiet, and friendly area.19 Neighborhood characteristics include: 

  • Median home value: $407,812
  • Population: 11,780

#19 La Sierra South

La Sierra South boasts a blend of beauty, convenience, and community features.20 Neighborhood characteristics include: 

  • Median home value: $419,210
  • Population: 33,169

#20 Mission Grove

Mission Grove is clean, safe, quiet, and peaceful. 21Neighborhood characteristics include: 

  • Median home value: $460,469
  • Population: 16,909

#21 Canyon Crest

Canyon Crest is convenient, beautiful, and mostly populated by single-family homes.22 Neighborhood characteristics include: 

  • Median home value: $461,413
  • Population: 24,365

#22 Orangecrest

Orangecrest boasts the best public schools in Riverside and multiple parks. Other attractions include a sports park, a library, and a community center.23 Neighborhood characteristics include: 

  • Median home value: $484,857
  • Population: 32,632

#23 Arlington Heights

Arlington Heights is a well-established neighborhood with a mix of historic and newer homes. 24Neighborhood characteristics include: 

  • Median home value: $565,234
  • Population: 11,730

#24 Hawarden Hills

Hawarden Hills is a beautiful, safe area with well-kept yards and parks.25 Neighborhood characteristics include: 

  • Median home value: $728,714
  • Population: 6,490

#25 Alessandro Heights

Alessandro Heights is populated primarily with homeowners and provides several parks.26 Neighborhood characteristics include: 

  • Median home value: $760,947
  • Population: 5,669

Considering Selling Your Riverside Home?

Now that you’re familiar with the Riverside, California housing market, it’s time to prepare. Getting your property ready for viewings can come with an endless list of to-do’s—plus the cost of repairs and fees for an appraiser and a real estate agent. If you’re looking for a simpler, quicker path to either sell your home or tap into your home equity, FlipSplit can help. How? Well, to put it simply, we buy houses.

We pay cash for houses as-is and take care of the cost and work of getting your property in tip-top condition to command the highest Riverside home prices. Plus, we split extra profits with you when we flip a home! 

Visit FlipSplit today to learn more about how we can help you with a stress-free solution to sell your Riverside house fast today.

Sources: 

  1. U.S. Federal Housing Finance Agency. All-Transactions House Price Index for Riverside-San Bernardino-Ontario, CA (MSA). https://fred.stlouisfed.org/series/ATNHPIUS40140Q
  2. Niche. University of California Riverside. https://www.niche.com/places-to-live/n/university-of-california—riverside-riverside-ca/
  3. Niche. Hunter Industrial Park. https://www.niche.com/places-to-live/n/hunter-industrial-park-riverside-ca/
  4. Niche. Northside. https://www.niche.com/places-to-live/n/northside-riverside-ca/
  5. Niche. Arlanza. https://www.niche.com/places-to-live/n/arlanza-riverside-ca/
  6. Niche. Eastside. https://www.niche.com/places-to-live/n/eastside-riverside-ca/
  7. Niche. Magnolia Center. https://www.niche.com/places-to-live/n/magnolia-center-riverside-ca/
  8. Niche. Presidential Park. https://www.niche.com/places-to-live/n/presidential-park-riverside-ca/
  9. Niche. Arlington. https://www.niche.com/places-to-live/n/arlington-riverside-ca/
  10. Niche. Casablanca. https://www.niche.com/places-to-live/n/casablanca-riverside-ca/
  11. Niche. Ramona. https://www.niche.com/places-to-live/n/ramona-riverside-ca/
  12. Niche. Downtown. https://www.niche.com/places-to-live/n/downtown-riverside-ca/
  13. Niche. Grand. https://www.niche.com/places-to-live/n/grand-riverside-ca/
  14. Niche. La Sierra Acres. https://www.niche.com/places-to-live/n/la-sierra-acres-riverside-ca/
  15. Niche. La Sierra. https://www.niche.com/places-to-live/n/la-sierra-riverside-ca/
  16. Niche. Arlington South. https://www.niche.com/places-to-live/n/arlington-south-riverside-ca/
  17. Niche. Wood Streets. https://www.niche.com/places-to-live/n/wood-streets-riverside-ca/
  18. Niche. La Sierra Hills. https://www.niche.com/places-to-live/n/la-sierra-hills-riverside-ca/
  19. Niche. Victoria. https://www.niche.com/places-to-live/n/victoria-riverside-ca/
  20. Niche. La Sierra South. https://www.niche.com/places-to-live/n/la-sierra-south-riverside-ca/
  21. Niche. Mission Grove. https://www.niche.com/places-to-live/n/mission-grove-riverside-ca/
  22. Niche. Canyon Crest. https://www.niche.com/places-to-live/n/canyon-crest-riverside-ca/
  23. Niche. Orangecrest. https://www.niche.com/places-to-live/n/orangecrest-riverside-ca/#real-estate
  24. Niche. Arlington Heights. https://www.niche.com/places-to-live/n/arlington-heights-riverside-ca/
  25. Niche. Hawarden Hills. https://www.niche.com/places-to-live/n/hawarden-hills-riverside-ca/
  26. Niche. Alessandro Heights. https://www.niche.com/places-to-live/n/alessandro-heights-riverside-ca/
  27. Niche. The Best Places to Live Methodology. https://www.niche.com/about/methodology/best-places-to-live/
  28. Niche. Presidential Park. https://www.niche.com/places-to-live/n/presidential-park-riverside-ca/
  29. Niche. Arlington. https://www.niche.com/places-to-live/n/arlington-riverside-ca/
  30. Niche. Arlington South. https://www.niche.com/places-to-live/n/arlington-south-riverside-ca/

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