Riverside Stands Out Among Southern California's Apartment Hunting Destinations
Lisa Mailhot | August 8, 2024
Buyers
Lisa Mailhot | August 8, 2024
Buyers
Riverside Stands Out Among Southern California's Apartment Hunting Destinations
In the ever-evolving world of real estate, staying on top of the latest trends and insights that shape the market is crucial. A recent study by RentCafe has shed light on the most sought-after apartment-hunting destinations across the United States, and the results for Southern California are quite intriguing.
Riverside, the vibrant city in the Inland Empire, has emerged as the top-ranked Southern California destination for apartment hunters. Ranking 38th out of 150 major apartment markets nationwide, Riverside stood out for its strong rental demand and online interest.
The study found that Riverside experienced a 26% drop in available rental units, the third-highest decline in the region. With its position as the number one city in Southern California for online searches, Riverside's appeal as a desirable rental market is undeniable.
While Riverside may have outshone its regional counterparts, it's important to note that 37 other cities across the country scored higher in the national rankings. California's Sacramento, San Jose, Elk Grove, and Fremont ranked above Riverside, highlighting the fierce competition in the apartment-hunting landscape.
On the other end of the spectrum, Oxnard was deemed the least desirable big Southern California city for renters, with a 14% drop in availability and the eighth-highest ranking for online searches. Nationally, Oxnard was the 11th worst-performing city.
As for the rest of the region, the study revealed a mixed performance bag. Los Angeles, Long Beach, Chula Vista, and Moreno Valley all landed in the top half of the national rankings, while cities like Glendale, Irvine, and Huntington Beach struggled to keep pace, ranking in the bottom 50.
These insights provide valuable information for renters and real estate professionals navigating the ever-changing housing market. Staying informed on the latest trends and data can help you make informed decisions and better serve your clients.
Let's connect if you're considering a move to the Orange County area. I'd be happy to share my expertise and insights to help you find the perfect fit for your lifestyle and needs.
Accidental landlords are at a near-record high. Find out what this housing trend means for buyers and sellers in Orange County.
Learn how the American Dream Accounts Act could help first-time homebuyers save tax-free for a down payment in 2026.
Riverside County is auctioning 946 tax-defaulted properties this April, with bids starting as low as $100 and potential revenue of $29M.
A proposed federal bill aims to ban hedge funds from owning single-family homes. Here's what it could mean for buyers and sellers.
U.S. homeowners now stay put an average of 12 years. California leads the nation, reshaping inventory and opportunity in Orange County.
First-time homebuyers average 35 in 2025. Learn what's driving the shift, how Gen Z and millennials are buying, and what it means for Orange County.
Mortgage rates dropped to their lowest point since 2022, boosting buyer purchasing power and creating real opportunities in the Orange County housing market.
States like Idaho, Connecticut, and Colorado are passing new starter home laws to tackle affordability. Here's what buyers and sellers need to know.
Single Americans face housing struggles at twice the rate of married couples, with nearly two-thirds unable to afford monthly payments. Discover why income gaps, the f… Read more
Let's find a time that suits you best to chat about your goals, show you how we work, and figure out how we can help you the most
Get In Touch With Lisa
Broker Associate
949-877-7087
124 Tustin Ave Suite 200, Newport Beach, CA 92663
