Riverside County Housing Market Report: January 2015
Median home price is $290,800 with a rental parity value of $381,600. This market’s discount is $90,800.
Monthly payment affordability has been improving over the last 6 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased from $165/SF to $165/SF. Resale prices have been rising for 1 month(s).
Over the last 12 months, resale prices rose 8.7% indicating a longer term upward price trend.
Median rental rates increased $0 last month from $1,697 to $1,698. The current capitalization rate (rent/price) is 5.6%.
Rents have been rising for 7 month(s). Price momentum signals rising rents over the next three months.
Market rating = 7