The story of this market
The typical home in ZIP 92508 sells for about $744,000, or $306 per square foot.
Prices are down 4.6% from a year ago, which gives buyers more room to negotiate. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $2,633 a month.
ZIP 92508 — Riverside
The 92508 housing market is currently experiencing a competitive environment with a median sale price of $744,000. While year-over-year prices have softened slightly, demand remains steady as evidenced by a 30-day median time on market and a high sale-to-list ratio. The market is driven by family buyers seeking suburban amenities and proximity to Riverside's major employment hubs.
This ZIP is ideal for family buyers and professionals seeking suburban space and good school access while maintaining a manageable commute to major Inland Empire employment centers.
Median prices moved down 4.6% year over year.
Homes spend a median of 30 days on market with 3.0 months of supply — a fast-moving market.
24% of listings have cut prices · homes sell at 99.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 4.6% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92508, Riverside County CA
Crime rates in the 92508 area are generally considered lower than the broader Riverside city average, reflecting its suburban, family-oriented character.
The area is served by the Riverside Unified School District, which generally maintains stable performance ratings, with several schools in the vicinity receiving favorable marks from local families.
The region faces moderate wildfire risk typical of Southern California's inland areas, necessitating standard fire-insurance considerations for homeowners.
Economic momentum is driven by proximity to the Riverside employment core and ongoing residential development in master-planned communities like Bridle Ridge.
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 primarily commute via the I-215 and CA-91 corridors toward employment hubs in Riverside, Corona, and the broader Inland Empire.
The area features access to local parks, hiking trails in the nearby hills, and proximity to shopping centers along the Van Buren Boulevard corridor.
The rental market is characterized by high demand from families seeking suburban space, with limited vacancy pressure and a steady presence of long-term residential investors.
The local economy is anchored by healthcare, education, and logistics sectors, with significant employment provided by the University of California, Riverside and regional medical centers.
The area is heavily reliant on personal vehicle transit, with major highway access provided by I-215 and CA-91.
Development is focused on infill residential projects and the expansion of suburban housing stock in the southern portions of the ZIP.
The Riverside County Assessor maintains property valuations based on Proposition 13, limiting annual increases in assessed value for existing homeowners.
Parcels are subject to various special districts including Riverside Unified School District and local water/utility service districts.
Property insurance premiums are influenced by regional wildfire risk, with many carriers requiring specific fire-mitigation measures.
Data retrieved from US Census Bureau ACS profiles for ZCTA 92508.
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 Ontario4.217.9 mi
- Castle Park Riverside4.28.1 mi
- Tom's Farms4.512.3 mi
- John's Incredible Pizza - Riverside3.84 mi
- Round1 Bowling & Arcade - Moreno Valley4.14.6 mi
- Yaamava' Resort & Casino4.218.8 mi
- Toyota Arena4.518.6 mi
- National Orange Show Event Center4.413.8 mi
- Topgolf Ontario4.119.9 mi
- Live Oak Canyon Farm3.715.6 mi
- Riverside National Cemetery4.82.7 mi
- Lake Perris State Recreation Area4.68.7 mi
- Van Buren Drive-In Theatre and Swap Meet4.46.5 mi
- Rubidoux Drive-In Theatre4.39.7 mi
- Fairmount Park4.57.9 mi
- Historic Original McDonald's Museum4.516.3 mi
- Southern California Railway Museum4.610.4 mi
- Tom's Farms4.512.3 mi
- March Field Air Museum4.83.4 mi
- The Cheech Marin Center for Chicano Art & Culture of the Riverside Art Museum4.86.9 mi
- Lake Perris State Recreation Area4.68.7 mi
- Fairmount Park4.57.9 mi
- Ryan Bonaminio Park4.67 mi
- Rancho Jurupa Park4.58 mi
- Mount Rubidoux Park4.87.5 mi
- Oak Quarry Golf Club4.411.2 mi
- Hidden Valley Golf Club4.411.1 mi
- Dos Lagos Golf Course4.211.5 mi
- Goose Creek Golf Club4.512.9 mi
- Indian Hills Golf Club / Weddings and Events4.310 mi
- Galleria at Tyler4.47.6 mi
- Moreno Valley Mall4.14.6 mi
- Van Buren Drive-In Theatre and Swap Meet4.46.5 mi
- Riverside Plaza4.55.9 mi
- Rubidoux Drive-In Theatre4.39.7 mi
- Ontario International Airport4.519.3 mi
- SBD International Airport4.615.2 mi
- Chino Airport4.718.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large nature preserve offering extensive hiking and biking trails.
1 county-record distress flag(s) across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the researched-property base layer (within 12.5%).