Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 211,924 people, 53,958 houses or apartments, and a median cost of homes of $595,243, real estate costs in Moreno Valley are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Moreno Valley, accounting for 78.45% of the city's housing units. Other types of housing that are prevalent in Moreno Valley include large apartment complexes or high rise apartments ( 13.86%), duplexes, homes converted to apartments or other small apartment buildings ( 3.79%), and a few mobile homes or trailers ( 2.23%).
The most prevalent building size and type in Moreno Valley are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.74% owning and 37.26% renting.
There is a lot of housing in Moreno Valley built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Moreno Valley built between 2000 and later ( 25.06%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.03%).
In the last 10 years, Moreno Valley has experienced some of the highest home appreciation rates of any community in the nation. Moreno Valley real estate appreciated 144.32% over the last ten years, which is an average annual home appreciation rate of 9.34%, putting Moreno Valley in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Moreno Valley definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Moreno Valley's appreciation rate, at 6.15%, has been at or slightly above the national average. In the latest quarter, Moreno Valley's appreciation rate has been 2.37%, which annualizes to a rate of 9.83%.
Relative to California, our data show that Moreno Valley's latest annual appreciation rate is higher than 50% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Moreno Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Moreno Valley - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Moreno Valley real estate investment or home purchase decisions.
$595,243
for California
for nation
53,958
$3,480 / per month