Located in Riverside County near the Santa Ana River is the city of Riverside, California. The city has around 28 different neighborhoods and the 2010 U.S. Census of Population and Housing reported 303,871 people called Riverside home. The population density was 3,731 people per square mile.
Data shows that 96.2 percent of residents lived in 98,440 housing units at an average density of 1,208.7 per square mile. The homeownership rate between 2006 and 2010 was 58.6 percent while owners occupied 55.7 percent of homes and 44.3 percent were renter-occupied.
Both the median household income and the median value of owner-occupied housing units were under statewide medians, as the median household income in Riverside was $56,991 and the median value of housing units was $345,400.
The 2010 Census listed the median age of residents living in Riverside was 30 years old while 26.8 percent of the population was under the age of 18 and only 8.6 percent of residents were 65 years of age or older.
Homes for sale in Los Angeles could continue to see multiple offers, as mortgage rates have remained near all-time lows despite rising in two consecutive weeks.