2023 Riverside County Economic Profile

HOME PRICE DATA According to data from the California Department of Finance, housing in Riverside County grew by 15,235 units from April 1, 2020 to January 1, 2022, making Riverside County the 3 rd 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 12,339 between April 1, 2020 and January 1, 2022. 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 2022), the median cost is $625K, making it more affordable than the coastal Southern California counties by up to 49%. 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 26% lower price • Orange Co – Riv Co is 49% lower price

• San Diego Co – Riv Co is 33% lower price • Ventura Co – Riv Co is 32% lower price

12,339

UNITS

From April 1, 2020-January 1, 2022. This makes Riverside County tied for the 3 rd fastest growing county for housing units in the state .

$625K MEDIAN COST

3 RD

FASTEST GROWING COUNTY

Housing in Riverside County grew by 12,339 units from April 1, 2020 to January 1, 2022, making Riverside County the 3 rd fastest growing county in the state, behind Los Angeles and San Diego.

For a single-family residence based on data from the California Association of Realtors (July 2022).

3030