Much like the surrounding areas, it's substantially more expensive compared to the United States as a whole. However compared to the city of Los Angeles, it's significantly less expensive.
Home prices
The cost of the median home in Moreno Valley is $312,000. Compared to its nearby areas this is roughly $5,100 (1%) higher.It is approximately $94,500 (43%) higher in comparison to the nation as a whole, and it is roughly $324,900 (51%) lower in comparison to the city of Los Angeles.
Rents
In Moreno Valley the median rent is $1,494 a month. Compared to its surrounding areas this is approximately $252 (20%) higher.It is approximately $432 (40%) higher compared to the entire nation, and is about $44 (3%) higher in comparison to the city of Los Angeles.
Nearby places
March ARB
March ARB is Moreno Valley's neighbor to the southwest. The housing prices there are similar. The cost of the median home in March ARB is $300,000, which comes out to $12,000 (4%) lower than Moreno Valley. Rent there is somewhat more expensive. March ARB's median monthly rent is $1,669, which is $175 (10%) higher than Moreno Valley.
Mead Valley
Mead Valley is roughly 7 miles southwest from Moreno Valley. The housing prices there are a bit less expensive. The median home cost in Mead Valley is $268,900, which works out to $43,100 (16%) lower than Moreno Valley. Rents there are somewhat less expensive. Mead Valley's median rent is $1,265 a month, which works out to $229 (18%) lower than Moreno Valley.
Lakeview
Lakeview is roughly 8 miles southeast of Moreno Valley. Housing prices there are a bit more expensive. The median home in Lakeview costs $346,100, which works out to $34,100 (9%) higher than Moreno Valley. The rent there is a lot less expensive. In Lakeview the median monthly rent is $1,048, which is $446 (42%) lower than Moreno Valley.
Highgrove
Highgrove is roughly 8 miles northwest of Moreno Valley. Housing prices there are a little more expensive. Highgrove's median home value is $402,000, which comes out to $90,000 (22%) higher than Moreno Valley. The rent there is substantially less expensive. The median monthly rent in Highgrove is $1,095, which is $399 (36%) lower than Moreno Valley.
Calimesa
Calimesa is approximately 8 miles northeast of Moreno Valley. Its housing prices are substantially less expensive. The median home in Calimesa costs $217,500, which is $94,500 (43%) lower than Moreno Valley. Rent there is a little less expensive. In Calimesa the median monthly rent is $1,135, which works out to $359 (31%) lower than Moreno Valley.
