Cities with the fastest-growing home prices in the Riverside metro area

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was $358,761 in November, 2.3% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Stacker compiled a list of cities with the most expensive homes in the Riverside-San Bernardino-Ontario metro area using data from Zillow. Charts show the monthly typical home value since January 2018.

No. 30 Perris

– 1-year price change: +$21,599 (+4.2%)
– 5-year price change: +$197,919 (+58.7%)
– Typical home value: $534,961 (40th most expensive city in metro)

29. Redlands

– 1-year price change: +$21,616 (+3.6%)
– 5-year price change: +$197,390 (+46.3%)
– Typical home value: $623,881 (22nd most expensive city in metro)

28. Hesperia

– 1-year price change: +$22,578 (+5.2%)
– 5-year price change: +$174,734 (+62.4%)
– Typical home value: $454,757 (49th most expensive city in metro)

27. Colton

– 1-year price change: +$22,603 (+4.8%)
– 5-year price change: +$180,343 (+58.0%)
– Typical home value: $491,432 (44th most expensive city in metro)

26. San Bernardino

– 1-year price change: +$22,676 (+4.9%)
– 5-year price change: +$188,077 (+64.0%)
– Typical home value: $481,874 (46th most expensive city in metro)

25. Loma Linda

– 1-year price change: +$22,737 (+3.8%)
– 5-year price change: +$202,122 (+48.2%)
– Typical home value: $621,769 (23rd most expensive city in metro)

24. Lake Elsinore

– 1-year price change: +$23,174 (+4.1%)
– 5-year price change: +$215,259 (+58.4%)
– Typical home value: $583,917 (25th most expensive city in metro)

23. Moreno Valley

– 1-year price change: +$23,350 (+4.4%)
– 5-year price change: +$205,474 (+59.2%)
– Typical home value: $552,363 (37th most expensive city in metro)

22. Highland

– 1-year price change: +$23,798 (+4.6%)
– 5-year price change: +$186,745 (+52.8%)
– Typical home value: $540,542 (38th most expensive city in metro)

21. Menifee

– 1-year price change: +$24,487 (+4.4%)
– 5-year price change: +$205,870 (+54.5%)
– Typical home value: $583,613 (26th most expensive city in metro)

20. Wildomar

– 1-year price change: +$24,701 (+3.9%)
– 5-year price change: +$233,384 (+55.7%)
– Typical home value: $652,139 (18th most expensive city in metro)

19. Grand Terrace

– 1-year price change: +$25,010 (+4.5%)
– 5-year price change: +$204,987 (+53.8%)
– Typical home value: $585,775 (24th most expensive city in metro)

18. Bloomington

– 1-year price change: +$25,435 (+4.7%)
– 5-year price change: +$200,317 (+55.5%)
– Typical home value: $561,316 (33rd most expensive city in metro)

17. Rialto

– 1-year price change: +$26,079 (+4.7%)
– 5-year price change: +$209,756 (+56.6%)
– Typical home value: $580,068 (27th most expensive city in metro)

16. Murrieta

– 1-year price change: +$28,269 (+4.3%)
– 5-year price change: +$249,234 (+56.9%)
– Typical home value: $687,213 (13th most expensive city in metro)

15. Riverside

– 1-year price change: +$28,917 (+4.7%)
– 5-year price change: +$225,635 (+53.7%)
– Typical home value: $645,921 (19th most expensive city in metro)

14. Montclair

– 1-year price change: +$29,748 (+4.8%)
– 5-year price change: +$225,526 (+52.8%)
– Typical home value: $652,359 (17th most expensive city in metro)

13. Ontario

– 1-year price change: +$31,605 (+5.0%)
– 5-year price change: +$229,485 (+52.5%)
– Typical home value: $666,919 (15th most expensive city in metro)

12. Fontana

– 1-year price change: +$31,835 (+5.3%)
– 5-year price change: +$220,126 (+53.5%)
– Typical home value: $631,722 (21st most expensive city in metro)

11. Upland

– 1-year price change: +$33,237 (+4.3%)
– 5-year price change: +$260,949 (+47.9%)
– Typical home value: $806,028 (6th most expensive city in metro)

10. Jurupa Valley

– 1-year price change: +$34,286 (+5.5%)
– 5-year price change: +$237,112 (+56.1%)
– Typical home value: $659,922 (16th most expensive city in metro)

9. Temecula

– 1-year price change: +$34,638 (+4.8%)
– 5-year price change: +$280,700 (+58.8%)
– Typical home value: $758,198 (9th most expensive city in metro)

8. Indian Wells

– 1-year price change: +$35,221 (+2.7%)
– 5-year price change: +$554,577 (+70.3%)
– Typical home value: $1,343,427 (1st most expensive city in metro)

7. Corona

– 1-year price change: +$35,770 (+4.9%)
– 5-year price change: +$270,190 (+54.8%)
– Typical home value: $763,588 (8th most expensive city in metro)

6. Rancho Cucamonga

– 1-year price change: +$37,591 (+5.1%)
– 5-year price change: +$257,759 (+49.5%)
– Typical home value: $778,005 (7th most expensive city in metro)

5. Chino

– 1-year price change: +$37,757 (+5.3%)
– 5-year price change: +$251,302 (+49.8%)
– Typical home value: $756,094 (10th most expensive city in metro)

4. Homeland

– 1-year price change: +$39,821 (+8.0%)
– 5-year price change: +$198,791 (+58.7%)
– Typical home value: $537,189 (39th most expensive city in metro)

3. Norco

– 1-year price change: +$53,885 (+6.5%)
– 5-year price change: +$325,790 (+58.2%)
– Typical home value: $885,403 (4th most expensive city in metro)

2. Chino Hills

– 1-year price change: +$56,303 (+6.3%)
– 5-year price change: +$321,388 (+50.6%)
– Typical home value: $956,323 (2nd most expensive city in metro)

1. Eastvale

– 1-year price change: +$57,549 (+6.5%)
– 5-year price change: +$352,256 (+59.9%)
– Typical home value: $940,698 (3rd most expensive city in metro)

The article was copy edited from its original version. 

Re-published with CC BY-NC 4.0 License.

More from Business