Real Estate Market Update for 92506 (Riverside, CA)
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Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 32% from one year earlier, and down 4% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 430-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 6%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 330-thousand dollars. The number of units sold decreased 26% year-over-year, and increased 43% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 92506 (Riverside, CA)
Area Information for 92506 (Riverside, CA)
  • Population: 46,074
  • Median Age: 39.52 yr
  • Median Commute Time: 19.34 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 2,844/sq mi
  • Population Change Since 2000: 9.14%
  • Closest Airport: Ontario International
  • Closest College: California Baptist University
  • Closest Jr. College: Riverside Community College-riverside
  • Median Household Income: $81,075
  • Annual Residential Turnover: 14.19%
  • Median Years in Residence: 4.53 yr
  • Median Home Sales Price: $243,000
  • Closest Major Sports Team: Anaheim Ducks
  • Change Avg. Household Income Since 2000: 30%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 92506 (Riverside, CA)
Median Age: 39.52 Married: 37% Number of Households: 16,109 Households with Children: 5,511
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 92506 (Riverside, CA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Castle View Elementary School 0.7 mi Public K-6 3 4
      William Howard Taft Elementary School 1.2 mi Public K-6 3 4
      Immanuel Lutheran Elementary School 1.3 mi Private PRESCHOOL-6 0 4
      Matthew Gage Middle School 1.6 mi Public 7-8 3 3
      Victoria Elementary School 1.6 mi Public K-6 2-5 5
      Raincross High (continuation) School 1.6 mi Public 9-12 1 2
      Riverside Unified Independent Study 1.6 mi Public 1-12 0 0
      Alcott Elementary School 1.6 mi Public K-6 3 4
      California School For The Deaf-riverside 1.7 mi Public K-12 1 3
      Polytechnic High School 1.7 mi Public 9-12 3 4
      Washington Elementary School 1.7 mi Public K-6 3-5 4
      Temple Beth El Child Development Center 1.8 mi Private PRESCHOOL-PRESCHOOL 0 0
      Montessori Academy 2.4 mi Private PRESCHOOL-4 0 5
      Riverside Christian Day School 2.4 mi Private K-6 0 5
      Notre Dame High School 2.6 mi Catholic 9-12 0 3
      Pachappa Elementary School 2.6 mi Public K-6 3 4
      St. Catherine Of Alexandria School 2.7 mi Catholic PRESCHOOL-8 0 4
      Riverside Unified Opportunity 2.9 mi Public 7-12 0 0
      Magnolia Elementary School 3.1 mi Public PRESCHOOL-6 3 4
      Gateway To College Early College High School 3.2 mi Public 10-12 2 0
      Growing Place School 3.3 mi Private PRESCHOOL-6 0 5
      Central Middle School 3.3 mi Public 7-8 2 3
      All Saints' Carden Academy 3.3 mi Private K-5 0 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 92506 (Riverside, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.