2023 Riverside County Economic Profile

24,681

UNITS

From April 1, 2020-January 1, 2023. Riverside County was the second fastest growing county for housing units in California.

$618K MEDIAN PRICE

2 ND

FASTEST GROWING COUNTY

For a single-family residence based on data from the California Association of Realtors (August 2023).

Housing in Riverside County grew by 24,681 units from April 1, 2020 to January 1, 2023, making Riverside County the2 nd fastest growing county in the state, behind Los Angeles and San Diego.

HOME PRICE DATA According to data from the California Department of Finance, housing in Riverside County grew by 24,681 units from April 1, 2020 to January 1, 2023, making Riverside County the second fastest growing county in the state, behind Los Angeles and San Diego. Riverside County has seen a significant surge in single-family housing growth over the past two years. The number of attached and detached units increased by an impressive 20,350 between April 1, 2020 and January 1, 2023. In fact, Riverside County is now the fastest growing county for single family housing in the state. Despite this growth, the median cost for a single-family residence in Riverside County remains relatively affordable. According to data from the California Association of Realtors (July 2023), the median cost is $618K, making it more affordable than the coastal Southern California counties by up to 112%. This makes Riverside County an attractive option for those looking for a more affordable housing market without compromising on quality of life.

• LA Co – Riv Co is 43% lower price • Orange Co – Riv Co is 112% lower price

• San Diego Co – Riv Co is 38% lower price • Ventura Co – Riv Co is 48% lower price

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