There are currently 99,123 real estate properties in Riverside, CA, with a median automated valuation model (AVM) price of $604,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Riverside, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Riverside, CA, is $630,911.00, with the most expensive house in Riverside, CA, topping out at $12,334,000.00 and the cheapest home in Riverside, CA, clocking in at $37,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Riverside, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Riverside, CA, is on a rollercoaster ride. The average rent price in Riverside, CA, is $1,951.00. Indeed, when looking to rent in Riverside, CA, you can expect to pay as little as $680.00 or as much as $4,920.00, with the average rent median estimated to be $1,850.00. The good news is that finding an affordable and desirable property to rent in Riverside, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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