Moreno Valley Real Estate Market Overview
Average Monthly Rent:
$1,544
Percentage Change in Home Price/Value:
4.20%
Median Home Value:
$351,769
Best Time To Sell Home:
August
Affordability Index:
Moderate
Days To Sell House:
63.42
Job Market:
Fair
Public School Ranking:
38
Selling a House in Moreno Valley
If you find yourself desperate to sell a home in the Moreno Valley area, August has shown to be the perfect time to do so. The average number of days it takes to sell is 63.42,and the median home value is $351,769. If you need to sell your home in a month, for example, using the traditional real estate methods might not be sufficient. iBuyers can sell your home in the amount of time that works best for you. With the help of an AVM, they can determine your home's value and will proceed to give you an automatic offer.
Location and Weather
Moreno Valley is 12 miles northwest of Riverside County, California, and is part of the San Bernardino-Riverside Metropolitan Area. One of the most visible geographical features in Moreno Valley is Box Springs Mountain. This mountain can be found at the northwest end of the city, towering over most of Moreno Valley. The outdoor lifestyle is most popular here, which can be attributed to Moreno Valley's abundance of greenery and landscape. This city is also known for its car racing and skydiving.
Moreno Valley summers are hot, arid, and mostly clear. Their winters are long, cold, and partly cloudy. The summer temperatures are in the 90’s, with lows in the mid-60’s. Winter temperatures are in the 60’s, with lows in the 40’s.
Population, Job Market and Cost of Living
Moreno Valley’s population in 2019 was 209,050, with a growth rate of 1.13%. The job growth has increased by 2.22% over the last yearand in ten years, is predicted to have increased by 37.62%. The major industries are retail trade, healthcare, social assistance, transportation and warehousing. The largest companies to work for are iHerb, Baker’s Drive Thru, Landmark Middle School and Vista Heights Middle School. The cost of living is high, due to the Moreno Valley real estate market and cost of available housing.
With stunning lakes and mountains ideal for outdoor recreation, a mild climate, and increasing job growth amongst diversified industries, Moreno Valley will provide residents with the ultimate California lifestyle.
