Riverside County Real Estate and Livability Trends
Riverside County, California, has shown promising economic growth and increased attractiveness for real estate investors. Average taxable income per tax return has jumped from $50,825.02 in 2013 to $71,719.34 in 2021, alongside a drop in the poverty rate from 16.5% to 9.6%. Median home values have risen from $253,200 in 2015 to $462,900 in 2022, remaining more affordable compared to California's... Read more
Riverside County Market Trends
The median home value in Riverside County, California, has soared from $253,200 in 2015 to $462,900 in 2022, presenting a more affordable option compared to the state’s $659,300 average. Real estate tax amounts have also risen over the last decade, increasing from $3,860.36 in 2012 to $6,486.74 in 2021, signaling either appreciating property values or rising living costs. Additionally, the... Read more
Median Value of Occupied Housing Units in Riverside County, California Over the Last 8 Years
The median home value in Riverside County, California, has seen consistent growth over the last eight years, jumping from $253,200 in 2015 to $462,900 in 2022. When stacked against the state average for California, Riverside County remains more affordable, with the state's median home value hitting $659,300 in 2022. Compared to the national median of $179,400 in the same year, Riverside County's housing market showcases a substantially higher value, reflecting the premium of California real estate. This upward trend could appeal to investors eyeing property appreciation, as well as residents considering the long-term benefits of purchasing real estate in this area.
Residential Energy Tax Credit Per Tax Return in Riverside County, CA Over the Last 9 Years
Over the past nine years in Riverside County, California, the average residential energy tax credit per tax return has shown significant growth. The credit elevated from $1,782.93 in 2013 to a peak of $4,389.40 in 2018. Although there were occasional dips, such as in 2019 and 2020, the general trend suggests rising investment and interest in energy-efficient home improvements. For investors and homeowners, this trend highlights the increasing financial incentives and potential savings linked to energy-efficient technologies in the region.
Average Real Estate Taxes Per Tax Return in Riverside County, CA Over the Last 10 Years
Riverside County, California, has seen a steady rise in average real estate taxes per tax return over the last decade. From $3,860.36 in 2012 to $6,486.74 in 2021, these increases might reflect rising property values and possibly higher tax rates. Such trends could suggest either appreciating home values or rising costs of living, aspects that prospective investors, new residents, and existing homeowners need to consider. This information might be particularly significant for those interested in understanding the broader economic landscape of Riverside County and making informed real estate decisions.
Percentage of Farm Returns in Riverside County, CA Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Riverside County, California, has declined gradually from approximately 0.25% in 2012 to about 0.16% in 2021. Farm tax returns represent the income reported by farmers on their tax filings, serving as an indicator of agricultural activity in the area. This downward trend may suggest a shift away from farming or consolidation within the agricultural sector, which could impact land values, property development opportunities, and investment potential in the county. Understanding these trends could be crucial for those considering agricultural investments, real estate ventures, or relocation to Riverside County.
Number of Mortgages by Occupancy Type in Riverside County, CA Over the Last 5 Years in Riverside County
Occupancy trends in Riverside County, California show a significant fluctuation in mortgage counts across different property types over the last five years. Notably, there's been a sharp increase in both investment properties and principal residences, particularly peaking in 2021. This trend could suggest a shift in the housing market dynamics, influencing rental markets and property values. For those in real estate, investment, or even appraisals, these shifts are crucial as they may affect property demands, insurance premiums, and overall market strategies. Adjustments in occupancy types can signal broader economic trends and impact decisions around property development and investment planning. It’s a terrain worth carefully monitoring for anyone vested in the county's real estate ecosystem.
Economic Outlook
Riverside County, California, has demonstrated notable economic growth over the past decade, epitomized by an increase in average taxable income per tax return from $50,825.02 in 2013 to $71,719.34 in 2021. Correspondingly, state and local income taxes and total tax liabilities have also seen significant upticks, reflecting broader economic changes and higher income levels. Furthermore, a gradual decrease in the poverty rate, from 16.5% in 2013 to 9.6% in 2022, underscores the improving... Read more
Average Taxable Income per Tax Return in Riverside County, CA over the last 9 years
Over the past nine years, Riverside County, CA has seen a notable increase in average taxable income per tax return, growing from $50,825.02 in 2013 to $71,719.34 in 2021. This upward trend underscores a robust economic growth in the region, making it an attractive prospect for investors and those looking to move or build property in the area. With rising incomes, the county offers promising potential for real estate development and business opportunities.
Average State and Local Income Taxes Per Tax Return in Riverside County, CA Over the Last 10 Years
Over the past decade, Riverside County has experienced a steady increase in average state and local income taxes per tax return, starting from $6,022.64 in 2012 and reaching $11,899.53 by 2021. This significant rise reflects broader economic changes, including income growth and possible tax policy adjustments, impacting residents' cost of living and financial planning.
Average Total Tax Liability Per Tax Return in Riverside County, CA Over the Last 10 Years
Over the past decade in Riverside County, California, the average total tax liability per tax return has steadily increased. Starting at $7,359.65 in 2012, the tax liability saw a notable rise, peaking at $10,651.55 in 2021. This upward trend underscores the area’s economic growth and possibly higher income levels, making it a point of interest for investors and potential residents looking for opportunities in a dynamic market.
Cost of Living in Riverside County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,481 | $1,460 | $1,708 | $2,122 | $2,091 |
| 1 adult 4 children | $2,481 | $1,192 | $1,318 | $2,122 | $2,299 |
| 2 adults 3 children | $2,481 | $1,193 | $1,475 | $2,122 | $1,833 |
| 1 adult 3 children | $2,481 | $974 | $1,086 | $2,122 | $2,121 |
| 2 adults 2 children | $1,829 | $976 | $1,243 | $1,849 | $1,288 |
| 1 adult 2 children | $1,829 | $729 | $854 | $1,849 | $1,470 |
| 2 adults 1 child | $1,829 | $772 | $1,011 | $960 | $1,025 |
| 1 adult 1 child | $1,829 | $498 | $622 | $960 | $983 |
| 2 adults | $1,460 | $620 | $779 | $0 | $749 |
| 1 adult | $1,338 | $338 | $390 | $0 | $732 |
Safety trends & Data
Over the last five years, property crime in Riverside County, California, has shown significant variability. Burglary peaked in 2019 with 1,402 cases and bottomed out in 2021 with 39 instances, indicating an unpredictable trend that's crucial for potential investors and residents to consider. Arson cases notably fluctuated, with a high of 67 in 2022 and a low of 5 in 2021. Vandalism has generally been on the rise, reaching 822 cases in 2022, posing potential risks for property owners. These... Read more
Property Crime Trends in Riverside County, CA Over the Last 5 Years
Over the last five years, Riverside County, California has witnessed variable trends in property crime. Burglary rates peaked in 2019 with 1,402 cases and hit the lowest in 2021 with just 39 instances, suggesting a volatile pattern that potential investors and residents should consider. Arson and motor vehicle theft saw notable fluctuations, with arson ranging from a low of 5 cases in 2021 to a high of 67 in 2022. Meanwhile, vandalism cases have been generally rising, reaching 822 in 2022, marking it as a potential area of concern for property owners. The data indicates that Riverside County might offer both opportunities and challenges for those interested in the property market, highlighting the importance of being well-informed on crime trends.
Demographics
Riverside County's demographic landscape indicates a nearly balanced gender split among adults, suggesting a diverse labor force and community dynamics. The educational attainment data hints at a population with a substantial portion having only a high school diploma or some college experience, which could impact the job market and economic development. Age distribution shows a significant number of residents in the 25 to 44 years range, potentially driving demand for services and housing... Read more
Race Distribution in Riverside County, California (2022)
Educational Attainment in Riverside County, California (2022)
Age Distribution in Riverside County, California
Citizen Population in Riverside County, California (2022)
Political Trends & Data
In Riverside County, California, the 2020 U.S. Presidential Election revealed a competitive and potentially volatile political scene, with Democrats perhaps holding a slight advantage over Republicans. Despite the small but existing backing for third parties like the Libertarians and Greens, the region remains heavily dominated by the two primary parties. This political landscape might influence local real estate trends, as policy shifts and voter preferences could drive changes in housing... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Riverside County, California, the 2020 U.S. Presidential Election showcased a nearly even split between the two major parties with Democrats potentially holding a slight edge over Republicans. This teetering balance suggests a competitive political landscape which may exhibit some unpredictability in future elections. Third parties such as the Libertarian and Green parties garnered minimal support, indicating a strong two-party dominance despite the presence of alternative voices.
45.04% of voters voted for the Republican party in the 2020 Presidential Election
52.98% of voters voted for the Democrat party in the 2020 Presidential Election
1.00% of voters voted for the Livertarian party in the 2020 Presidential Election
0.34% of voters voted for the Green party in the 2020 Presidential Election
0.63% of voters voted for the Other party in the 2020 Presidential Election
School Data
Riverside County, California has seen its student-to-teacher ratio decline over the past nine years, moving from 26 students per teacher in 2014 to roughly 22 in 2023. Although still above the national average of 14, this trend suggests improving education conditions that could attract families and potentially raise property values. For real estate professionals, better-supported schools might boost demand and indicate a more stable community, while appraisers and insurance agents could view... Read more
Student-to-teacher ratio in Riverside County, California over the last 9 years
Riverside County, California has seen a gradual decline in its student-to-teacher ratio over the past nine years, moving from 26 students per teacher in 2014 to roughly 22 students per teacher in 2023. While still above the national average of 14 students per teacher, this trend may suggest improving conditions for education in the county, which could be appealing to families considering a move. For real estate agents and investors, better-supported schools might increase local property values and drive demand. Appraisers and insurance agents might also see this as a positive shift, as quality education is often linked to community stability and lower risks.
