Home Value and Income Trends for Riverside Metro (March 2023)

Riverside-San Bernardino-Ontario, CA Metro Area (March 2023)
* Home Value: $542,000
* Median Household Income: $77,095
* Home Value to Household Income Ratio = 7.03x
* Home Value Growth (Year-over-Year or YoY): 3.0%
* For Sale Inventory: 7,511
* Sales Inventory Growth: 71.1% YoY
* Price Cut Share of Listings: 16.8%
* Monthly House Payment: $3,426 (PITI)
* Rent for Homes: $3,243/mo.
* Monthly Difference Between Home Mortgage and Rent: $183
* Listing Inventory as % of All Homes: 0.5%
* Rent for Apartments: 2,494/mo.
Sources: Realtor.com, Zillow, and US Census Bureau