The typical owner-occupied home in Riverside is worth about $165,600, 42% below the Texas median of $283,800 and 50% below the national median of $332,700. 54% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Riverside at a glance
| Riverside | Texas | U.S. | |
|---|---|---|---|
| Median home value | $165,600 | $283,800 | $332,700 |
| Median property tax paid per year | – | $4,232 | $3,119 |
| Median household income | – | $78,476 | $80,734 |
| Homes lived in by their owners | 54% | 63% | 65% |
| Owner homes with a mortgage | 43% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,484 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 21.7% | 21.0% |
| Median rent | $948 | $1,403 | $1,413 |
| Rent as a share of renters' income | 22.8% | 30.9% | 30.6% |
| Median year homes were built | 1993 | 1992 | 1980 |
| Vacant homes | 26.0% | 9.4% | 10.1% |
| Population | 740 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Riverside
At this week's average 30-year rate of 7.11%, buying the median Riverside home of $165,600 with 20% down costs about $1,112 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,388, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $47,657 for the 20%-down payment.
The median rent here is $948 a month, so owning the median home costs about $164 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $33,120 |
|---|---|
| Loan amount | $132,480 |
| Principal and interest | $891 |
| Property taxes (1.10% a year) | $152 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| PMI | $0 |
| Total per month | $1,112 |
Change the numbers in the calculator
| Down payment | $5,796 |
|---|---|
| Loan amount | $162,601 |
| Principal and interest | $1,094 |
| Property taxes (1.10% a year) | $152 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| FHA mortgage insurance | $73 |
| Total per month | $1,388 |
Change the numbers in the calculator
Questions about home buying in Riverside
What is the median home value in Riverside?
About $165,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Riverside?
For the median home with 20% down at 7.11%, the payment is about $1,112 a month. Keeping that under 28% of gross income takes about $47,657 a year.
More about Riverside
- Mortgage Refinance in Riverside
- Debt Relief in Riverside
- Home Equity Loans in Riverside
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data