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Moreno Valley real estate market overview
- Average Monthly Rent: $2,136
- Home Price/Value Percentage Change: 0.40%
- Median Home Value: $506,188
- Best Time To Sell a Home: September
- Affordability Index: Low
- Days To Sell a House: 69
- Job Market: Fair
- Public School Ranking: 40
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 2023 is 213,215, with a growth rate of 0.72%.
The job growth has decreased by -5.76% over the last year and 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 PMC Global, Moreno Valley Unified School district, Via Wines, COLORFX INCA and Family Service Association.
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.
Moreno Valley real estate market details
- Cloverdale
- La Jolla
- Sugar Hill
- Ridgecrest
- Moreno
The average monthly rent in Moreno Valley is $2,136 for an average apartment size of 914 sq. feet.
There has been a 0.4% increase in median home value over the last year. As of 2023, the median home value is $506,188.
On average, homes in Moreno Valley sell after 69 days on the market.
The best time to sell a home for the highest valued sale is during September. For the quickest sale, homeowners should sell in August.
The affordability index in Moreno Valley is 128. This number indicates low affordability in this city.
The top ranked public schools are North Ridge Elementary School, Victoriano Elementary School, May Ranch Elementary School, Bear Valley Elementary School and Towngate Elementary School. This information is based on data measuring academic performance and equity.