Riverside County Housing Market Report: April 2015
Median home price is $292,300 with a rental parity value of $386,200. This market’s discount is $93,900.
Monthly payment affordability has been improving over the last 12 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased from $164/SF to $166/SF. Resale prices have been rising for 1 month(s).
Over the last 12 months, resale prices rose 4.7% indicating a longer term upward price trend.
Median rental rates increased $0 last month from $1,691 to $1,691. The current capitalization rate (rent/price) is 5.6%.
Rents have been rising for 10 month(s). Price momentum signals rising rents over the next three months.
Market rating = 8