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Moreno Valley, California Average Home Sizes and Asking Prices
| Updated On: December 5, 2019 |
Zipcode
|
Single Family Home |
Townhome or Condo |
4 BR
|
3 BR
|
#Lst
|
3 BR
|
2 BR
|
#Lst
|
92551 |
1,900 sf |
$351,000
|
1,500 sf |
$352,000
|
77
|
1,500 sf |
$307,000
|
1,300 sf |
$254,000
|
13
|
92553 |
1,700 sf |
$342,000
|
1,400 sf |
$323,000
|
128
|
1,300 sf |
$283,000
|
1,000 sf |
$186,000
|
12
|
92555 |
2,400 sf |
$417,000
|
1,900 sf |
$380,000
|
161
|
1,600 sf |
$296,000
|
1,200 sf |
$241,000
|
18
|
92557 |
2,100 sf |
$407,000
|
1,700 sf |
$401,000
|
174
|
1,400 sf |
$315,000
|
|
|
7
|
Asking Price in 92551 - 3 Bedroom Single Family Homes
|
|
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Homes for Sale in Moreno Valley
Moreno Valley Real Estate & Homes for Sale in California
Moreno Valley is located in the heart of Southern California's Inland Empire halfway between Los Angeles and Palm Springs. Highway 60 and I-215 provide residents with easy access to local mountains, beaches and deserts. The city encompasses 50 square miles with a great deal of open space, numerous mountain trails for hiking and biking and numerous parks.
The community has experienced a strong population growth over the past decade thanks to affordable housing prices. Moreno Valley is now home to more than 201,000 residents that enjoy a strong economy, lush landscapes, a low crime rate and a good school system.
Moreno Valley is a typical Southern California city with residents taking advantage of the excellent weather to enjoy a wide variety of recreational opportunities. While the city has been known as a commuter community, strong growth in the retail and manufacturing sectors within Moreno Valley and in surrounding communities is lessening the need for residents to hit the road.
The real estate market is comprised mainly of traditional, multi-story detached homes located on large lots. Some homes are also located within gated communities and in new home subdivisions. A few condominiums and townhouses are scattered throughout.
Moreno Valley began as a small-town community and has grown to become a giant within the Inland Empire. The city was incorporated in 1984 and its population has nearly tripled since. Moreno Valley has become one of the most dynamic economic market potentials in California today. | Moreno Valley City Guide |
Moreno Valley Real Estate Market: Price Range of Moreno Valley Homes for Sale
Real estate throughout Moreno Valley features a fine selection of homes in a wide range of price points. Future residents can choose from a variety of amenities and communities, whether they are looking for rural or ranch properties, or are just looking to take advantage of suburban living. Pricing for condominiums and townhouses in Moreno Valley begin at around $85,000 to $230,000. Moreno Valley's single-family homes market includes homes that are priced from $175,000 to $760,000. Hilltop estates and horse properties are usually priced in the higher end of the pricing spectrum.
Moreno Valley Real Estate Stats and Trends for the week of December 5th, 2019: homes priced around $352,105 compared to $352,105 the previous week, to remain steady with no change in listing price. For Thursday, December 5th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%. |