26 / 100

Riverside County, CA

RANK #735 / 996 NAT  ·  #15 / 43 CA  ·  POP 2,429,487

1YR FORECAST: +0.0%

5YR OUTLOOK: +18%

#25 Best Climate & Terrain #34 Most Overvalued
Our model projects Riverside County's housing market at +0.0% over the next year, underperforming most U.S. counties.

[01] Why Riverside County?

Temecula Valley Wine Country, with its rolling hills and vineyards, stands out as a distinctive feature of Riverside County, offering a unique blend of agriculture and leisure. Located in Southern California, Riverside County spans from the greater Los Angeles area to the Arizona border, encompassing diverse landscapes from chaparral to desert and mountains. Commuting within the expansive county, which is roughly the size of New Jersey, can involve significant travel times, though public transportation options like Metrolink and various bus services are available. The region boasts extensive outdoor recreation, including hiking and biking trails in areas like the Santa Rosa Plateau Ecological Reserve and Mount Rubidoux Park, along with opportunities for water activities at Lake Elsinore and Lake Hemet.

Life in Riverside County often involves a balance between suburban living and access to natural amenities. Many residents commute to jobs within Southern California, with average commute times around 31 minutes. The county is home to numerous schools, with the Riverside County Office of Education overseeing programs for nearly half a million students. The economy is experiencing growth, with job creation in sectors such as logistics, manufacturing, and healthcare. There is also a focus on developing clean energy initiatives and improving infrastructure to support continued economic expansion and reduce commuter traffic.

[02] Market Snapshot

Housing Ratio
11.0x

Overvalued relative to economy

GDP Growth
+3.3%

Above national median

Home Prices
-2.0%

Prices declining

Climate & Terrain
6.6

Favorable climate & terrain

Price/Rent
15x

Above national median (13x)

Housing looks overvalued at 11.0x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Unified School Districts (Various) Education
    25,000+
  2. 2
    County of Riverside Government
  3. 3
    Amazon Logistics
    10,000+
  4. 4
    University of California, Riverside Education
    5,000+
  5. 5
    State of California Government
  6. 6
    Walmart Retail
  7. 7
    Kaiser Permanente Riverside Medical Center Healthcare
  8. 8
    Eisenhower Medical Center Healthcare
    2,500+
  9. 9
    Pechanga Resort & Casino Hospitality
  10. 10
    Stater Bros. Retail

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Riverside County U.S. National

The Numbers

DEMOGRAPHICS
Population
2,429,487
+0.84% YoY
Median Household Income
$84,505
Median Home Value
$462,900
-1.97% 12mo
Median Rent
$1,711
Average Annual Pay
$59,734
+3.7% YoY
Employment
840,433
+2.5% YoY
Income-to-Home-Value
0.1826
Near national average
Migration Inflow
3.84%
of pop. from another state
Bachelor's Degree+
24.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$600,000
Days on Market
73
Slower market
Months of Supply
4.2
Balanced market
Sale-to-List Ratio
98.4%
Near asking price
Sold Above List
26.2%
Listings w/ Price Drops
23.9%
Building Permits (2024)
9,598
Single-Family Permits
8,016

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.7
per 100K · nat avg 6.3
Firearm Fatalities
9.0
per 100K · nat avg 14.8
Injury Deaths
70.3
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

F
AIR QUALITY
GRADE
Median AQI (3yr)
81.7
Moderate
Good Air Days
11%
122 of 1,095 days
Unhealthy+ Days (3yr)
378
Includes 22 Very Unhealthy
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
89
2022
77
2023
79
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$1,863M
TOTAL
PROJECT AMOUNT STATUS
Crimson Energy Storage Project
Recurrent Energy (80% Axium Infrastructure, 20% Canadian Solar Inc.)
$500M Operating
Nova Power Bank Battery Storage Facility
Calpine
$500M Under Construction
Desert Quartzite Solar Farm
Unknown
$300M Planned
Arica Solar Farm
Arica Solar, LLC
$263M Operating
San Gorgonio Pass Wind Farm Repowering Projects (Coachella Hills, Painted Hills, Desert Hot Springs, Mountain View, Mesa, Alta Mesa)
Terra-Gen Operating Co-Wind and others
$150M Operating
Desert Harvest Solar Project
EDF Renewable Energy
$150M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +3.3% 62 percentile
Population Growth +0.8% 66 percentile
Income Growth +11.1% 91 percentile
Vacancy Rate 1.1% 46 percentile
Home Price Change -2.0% 15 percentile
Rent Growth +1.3% 24 percentile
Price/Rent 15x 31 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Riverside County, CA a good place to move to?

At 26/100, Riverside County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $84,505 combined with job growth of +2.5% suggests the local economy is struggling to keep pace with national trends.

Is Riverside County affordable?

Riverside County leans toward the expensive side. A median home value of $462,900 against an income-to-home-value ratio of 0.18 means housing eats a bigger share of local earnings than the national norm. Renters face $1,711/month on average.

Is Riverside County growing or shrinking?

Riverside County is growing on multiple fronts. Population is up +0.8% year-over-year while employers added jobs at a +2.5% clip. Home values shifted -2.0% in the past year.

Are people moving to Riverside County?

There's a moderate stream of newcomers. About 3.84% of residents moved from another state, which is above average and suggests Riverside County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

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