Moreno Valley, California Housing Market Prices
Moreno Valley Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 28% below the California median$466,836
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Median rent 4% above the California median$2,124
Housing Market Overview
| Metric | Moreno Valley | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $466,836 | $650,794 | $248,835 |
| Price Trend (Annual %) | 12.0% | 8.9% | 7.5% |
| Median Gross Rent | $2,124 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 6.5% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Moreno Valley is about 28% lower than in California. Rent is about 4% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Moreno Valley, up about 12.0% and 6.5% a year respectively. Home prices are changing faster.
Median rent in Moreno Valley rose about 68.6% between 2015 and 2024, from $1,260 to $2,124. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Moreno Valley.
Buying the median-priced home in Moreno Valley costs roughly 18.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Moreno Valley. The price-to-rent ratio in California is about 26.6.
| Metric | Moreno Valley | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $466,836 | $650,794 | $248,835 |
| Median Household Income | $92,510 | $99,161 | $80,455 |
| Price-to-Income Ratio | 5.0 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Moreno Valley rose about 195.2%, while median household income rose about 49.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Moreno Valley | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.5% | 51.7% | 58.5% |
| Rental Rate | 36.4% | 40.8% | 31.2% |
| Vacancy Rate | 3.1% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Moreno Valley has a homeownership rate of 60.5%, higher than the California average of 51.7%. Its housing vacancy rate is 3.1%, compared with 7.5% in California.
Housing Stock
| Metric | Moreno Valley | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.82 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1990 | 1975 | 1978 |
| Median Number of Rooms | 5.7 | 5.0 | 5.5 |
The typical housing unit in Moreno Valley was built around 1990. On average, 3.8 people live in a home with about 5.7 rooms, staying for about 13.0 years on average.
Moreno Valley, CA Housing Compared With Nearby Cities
How Moreno Valley, CA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Moreno Valley, CA | 186,868 | $466,836 #2/3 | $2,124 #1/3 | 62.4% #2/3 |
| Mead Valley, CA | 20,008 | $302,898 | $1,940 | 72.5% |
| Redlands, CA | 78,265 | $587,826 | $2,018 | 57.6% |
Frequently Asked Questions
Common questions about the housing market in Moreno Valley, California.
What is the median home price in Moreno Valley, California?
The median home price in Moreno Valley, California is $466,836, lower than the California average of $650,794.
What is the average home price in Moreno Valley, California?
The typical home price in Moreno Valley, California, reported as the median sale price, is $466,836. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Moreno Valley, California?
The median gross rent in Moreno Valley, California is $2,124 per month, higher than the California average of $2,036.
What was the median gross rent in Moreno Valley in 2020?
In 2020, the median gross rent in Moreno Valley, California was $1,577 per month.
What is the price-to-rent ratio in Moreno Valley, California?
The price-to-rent ratio in Moreno Valley, California is about 18.3, meaning it would take roughly 18.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Moreno Valley.
Are home prices or rent rising faster in Moreno Valley, California?
Both home prices and rent are rising in Moreno Valley, up about 12.0% and 6.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Moreno Valley, California?
60.5% of households in Moreno Valley, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Moreno Valley, California?
The housing vacancy rate in Moreno Valley, California is 3.1%, lower than the California average of 7.5%.
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