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Riverside County, CA

RANK #794 / 996  ·  POP 2,429,487  ·  CA

PROJECTED GROWTH: -0.5%

Riverside County ranks in the bottom tier of U.S. counties on economic momentum.

[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] Signal Profile

[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

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] 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.

[06] 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.

[07] Frequently Asked Questions

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

Riverside County has a Boom Town Index score of 20/100, ranking #794 among 996 U.S. counties. With job growth at +2.5% and a median household income of $84,505, it faces some economic headwinds compared to faster-growing counties.

Is Riverside County affordable?

The median home value in Riverside County is $462,900 with median rent at $1,711/month. The income-to-home-value ratio is 0.1826, which is less affordable than the national average.

Is Riverside County growing or shrinking?

Population growth: +0.8% year-over-year. Job growth: +2.5%. Home values changed -2.0% in the past 12 months.

Are people moving to Riverside County?

Yes — 3.84% of Riverside County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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