The story of this market
The typical home in ZIP 92506 sells for about $724,839, or $389 per square foot.
Prices are roughly flat from a year ago (+0.7%), a market in balance. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $1,993 a month.
ZIP 92506 — Riverside
The 92506 housing market remains competitive with a median sale price of $724,839, reflecting a 0.7% year-over-year increase. Demand is supported by the area's central location and stable employment base, though inventory remains constrained. Homes are selling in a median of 41 days, indicating a balanced but active market environment.
This ZIP is well-suited for family buyers and commuters seeking established neighborhoods with a mix of historic and traditional housing stock.
Median prices moved up 0.7% year over year.
Homes spend a median of 41 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 8.7% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92506, Riverside County CA
The area is served by a mix of public and private institutions, including Notre Dame High School and various local academies.
Riverside serves as a major regional hub with significant employment in education, healthcare, and government sectors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents typically commute via major highway corridors including the 91 and I-215, connecting to broader Inland Empire employment centers.
The area features proximity to local parks, historic neighborhoods, and shopping districts along Central Avenue.
The rental market is competitive with a median asking rent of approximately $2,400 and moderate vacancy pressure.
The local economy is anchored by the University of California, Riverside, and major healthcare systems, providing a stable employment base.
The area is served by regional highway networks and local bus transit, with access to Metrolink commuter rail in nearby Riverside stations.
Ongoing infill development and residential upgrades characterize the current pipeline in the Riverside area.
The Riverside County Assessor manages property valuations based on Proposition 13 guidelines.
Parcels may be subject to various special districts including school, water, and flood control districts.
Property insurance premiums in the region are influenced by wildfire risk assessments and general California market trends.
Data sourced from Data Commons/Census 2024 estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Dave & Buster's Ontario4.213.5 mi
- Castle Park Riverside4.25.9 mi
- Tom's Farms4.513.3 mi
- Glen Helen Regional Park4.418.5 mi
- John's Incredible Pizza - Riverside3.84.8 mi
- Yaamava' Resort & Casino4.216.6 mi
- Toyota Arena4.514.3 mi
- National Orange Show Event Center4.411.1 mi
- Topgolf Ontario4.115.6 mi
- Ontario Convention Center4.515.9 mi
- SilverLakes Equestrian and Sports Park4.310.4 mi
- Riverside National Cemetery4.86.6 mi
- Lake Perris State Recreation Area4.612.4 mi
- Van Buren Drive-In Theatre and Swap Meet4.44.2 mi
- Rubidoux Drive-In Theatre4.35.3 mi
- BAPS Shri Swaminarayan Mandir, Chino Hills4.818.7 mi
- Historic Original McDonald's Museum4.513.5 mi
- Southern California Railway Museum4.614.8 mi
- Tom's Farms4.513.3 mi
- March Field Air Museum4.87.3 mi
- Lake Perris State Recreation Area4.612.4 mi
- Fairmount Park4.53.7 mi
- Ryan Bonaminio Park4.62.7 mi
- Rancho Jurupa Park4.53.6 mi
- Harada Heritage Park4.611.3 mi
- Oak Quarry Golf Club4.46.8 mi
- Hidden Valley Golf Club4.48.4 mi
- Goose Creek Golf Club4.59.3 mi
- Dos Lagos Golf Course4.211.6 mi
- Indian Hills Golf Club / Weddings and Events4.35.8 mi
- Galleria at Tyler4.45.3 mi
- Moreno Valley Mall4.15.9 mi
- Inland Center4.310.8 mi
- Ontario International Airport4.515.1 mi
- SBD International Airport4.613.2 mi
- Chino Airport4.715.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional shopping and entertainment destination.
Deterministic aggregate of 3 researched properties in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
2 county-record distress flag(s) across 2 researched properties on the ARED base layer. Key-figure check: median price corroborated by the researched-property base layer (within 12.5%).