Area Insights of 92508, Riverside, CA

Stay ahead with market trends and local insights that matter.

Demand Insights

The market maintains its steady pace indicating a consistent buyer interest. A total of 99 homes were sold with 6 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

92508, Riverside, CA

Date

05-13-2024

Price Ratio

101%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

No schools available

Middle School

Amelia Earhart Middle School

7 to 8

Ratings

B

High School

Martin Luther King High School

9 to 12

Ratings

A+

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 5% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (37,175)
18,614 Male
18,561 Female
Education
19% High School
12% Associate
19% Bachelor
16% Graduate
Age

Average Age is 36 Years

Household Details

The area's household landscape is diverse, with 81% owner-occupied homes and 19% renter-occupied properties. Family households represent 88% of the population, indicating a strong community focus on family living. The average home value stands at $769,709, which suggests ample demand for multi-bedroom properties.

Total Households
10,705
Average home value
$769,709
Owned
81%
Rented
19%
Vacant
2%
Families
88%
Married
73%
With children
46%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 13% Asian, 8% Black, and 1% Native residents, alongside 45% White and 36% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 63% of households earning over $100,000 annually, while 22% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
3%
Healthcare
14%
Professional
4%
Education
15%
Services
29%
Labor
18%
Retail
12%
Other
6%
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