92240 — Riverside County, California Market Snapshot
Housing market data for zip code 92240 in Riverside County, California. Updated monthly with median prices, days on market, and more.
Market Sales Data
110 sales in 2026 (year to date)
Median Sale Price
$393,500
Days to Sell
79
Homes Sold
110
Inventory
174
Sale-to-List
98.8%
New Listings
142
Price/SqFt
$243
Pending Sales
133
Conforming Loan Available
Most homebuyers in 92240 can comfortably use conventional financing. The median home price of $393,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 79 days on average, 92240 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 92240 (98.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 92240 can comfortably use conventional financing. The median home price of $393,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 92240 are set at the county level.
2026 Loan Limits — Riverside County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $690,000 |
| 2 Units | $1,066,250 | $883,300 |
| 3 Units | $1,288,800 | $1,067,750 |
| 4 Units | $1,601,750 | $1,326,950 |
Affordability Snapshot — Zip 92240
To purchase the median home at $393,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,165.
Monthly Payment
$3,165
Income Required
$135,637
Principal & Interest
$2,425/mo
Down Payment (5%)
$19,675
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 92240.
Estimated Monthly Payment
$2,585
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