Quick facts: Moreno valley, CA

Quick Facts

110.0
Cost of Living
above US average
211,924
Population
30.15
Crime Rate per 1000
above US average
$82,637
Median Income
above US average
$529,900
Median House Price
above US average
$2508.15
Average Rent
above US average
16%
Poverty Rate
above US average
5.6%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $82,637.

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Income Needed to Buy

βœ— Stretch
$166k/year
Based on $529,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $166k vs median $82,637
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Income Needed to Rent

⚠ Stretch
$107k/year
Based on $2508.15/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $107k vs median $82,637
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Moreno valley, CA

Moreno Valley, located in Riverside County, California, is a vibrant city known for its diverse community and beautiful surroundings. Incorporated in 1984, it has rapidly grown to become one of the largest cities in the inland region of Southern California. With a population of over 200,000 residents, Moreno Valley features a suburban feel, boasting numerous parks, recreational facilities, and natural landscapes, including the nearby Box Springs Mountain Regional Park. The city offers various shopping, dining, and entertainment options, with the Moreno Valley Mall serving as a central retail hub. Education is served by the Moreno Valley Unified School District, which features several elementary, middle, and high schools, along with adult education programs. Moreno Valley is strategically located with easy access to major highways, making it a convenient hub for commuters traveling to neighboring cities like Riverside and San Bernardino. The city's growing economy is supported by a mix of industries, including logistics, retail, and healthcare. Overall, Moreno Valley impresses with its community spirit, outdoor activities, and accessibility to Southern California's attractions.

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