Riverside
About Riverside, California
Riverside, California, is a vibrant city located in the heart of the Inland Empire region. Known for its rich history, beautiful landscapes, and diverse community, Riverside offers a high quality of life with a mix of urban amenities and natural beauty. Nestled along the Santa Ana River, this city boasts a Mediterranean climate, making it an ideal place for outdoor enthusiasts who can explore its numerous parks, trails, and recreational opportunities. Riverside's commitment to education, culture, and innovation has earned it the nickname "The City of Arts and Innovation."
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Average Home Prices in Riverside
The average home price in Riverside, CA, currently stands at approximately $610,000.
Based on calculations of home data from MLS and/or public records.
Veteran Benefits in California
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California Veterans Homes
California has eight veterans homes, providing essential care and support for veterans in need. These homes are located in various cities, including Barstow, Chula Vista, Fresno, Lancaster, Redding, Ventura, West Los Angeles, and Yountville. Eligibility requirements may vary, and disabled or homeless veterans needing long-term care may qualify regardless of age.
- California Veteran Financial Benefits
California offers a range of financial benefits to veterans, including:
- Income Tax: California active-duty residents do not pay state income taxes if stationed outside the state.
- CalVet Farm and Home Loans: Eligible veterans can access various types of loans, such as home, farm, mobile home, construction, home improvement, and rehabilitation loans, with competitive rates and quick processing.
- Veterans Property Tax Exemption: Honorably discharged veterans may qualify for a property tax exemption of up to $4,000 for real or personal property.
- Disabled Veterans Property Tax Exemption: Disabled veterans may be eligible for property tax exemptions with two different levels: the basic exemption and the low-income exemption.
- California Military Family Relief Fund
The California Military Family Relief Fund (CMFRF) provides short-term financial assistance in the form of grants to California National Guard members and their families affected by mobilization and deployment.
- Motor Vehicle Registration Fees Waived
Medal of Honor recipients, former prisoners of war (POWs), and some permanently and totally disabled veterans may be eligible for a waiver of registration fees and free license plates for certain motor vehicles.
- Business License, Tax and Fee Waiver
Honorably discharged veterans who engage in certain business activities may be eligible for waivers of municipal, county, and state business license fees, as well as other taxes and fees.
- California Veterans Employment Preference
Honorably discharged veterans and their spouses, or surviving spouses of 100% disabled veterans, receive preference in state employment.
- Disabled Veteran State Contract Preference
The Disabled Veteran Business Enterprise program helps small businesses wholly or partly owned by disabled veterans compete for state contracts.
- Commercial Driver's License
Service members and veterans who served in a military position requiring operation of a military motor vehicle equivalent to a commercial motor vehicle on public roads and highways may be exempt from certain parts of the licensing exam.
- California Veteran Dependent College Fee Waiver
Eligible dependents of veterans may qualify for a fee waiver for mandatory tuition and fees at California community colleges, state universities, and UC campuses.
- California National Guard Education Assistance
The California National Guard Education Assistance Award Program covers costs at selected state universities and community colleges for Guard members in active status while attending school.
- California Veteran Recreation Benefits
California offers recreation benefits for veterans, including reduced fees for fishing and hunting licenses, state park and recreation pass benefits, and access to state veterans cemeteries.
Explore Riverside Neighborhoods
Riverside is a city of diverse neighborhoods, each with its own unique character and charm. Whether you're looking for historic districts, family-friendly suburbs, or vibrant urban communities, Riverside has a neighborhood to match your lifestyle. Here are some of the standout neighborhoods in Riverside:
- Downtown Riverside: The heart of the city, Downtown Riverside, is a hub of culture, entertainment, and historic landmarks. Explore the Mission Inn, catch a show at the Fox Performing Arts Center, and enjoy dining at local restaurants.
- Wood Streets: Known for its tree-lined streets and charming vintage homes, the Wood Streets neighborhood is a favorite among families and history enthusiasts.
- Orangecrest: This suburban community offers excellent schools, parks, and recreational facilities, making it a top choice for families.
- Canyon Crest: Home to the University of California, Riverside (UCR), this neighborhood combines academic vibrancy with scenic landscapes.
- La Sierra: La Sierra boasts a mix of residential and commercial areas, with access to parks, shopping centers, and the La Sierra University.
- Arlington Heights: This peaceful neighborhood features wide streets and is known for its lush greenery and friendly atmosphere.
- Victoria: A historic neighborhood with elegant homes and the renowned Victoria Avenue, offering a picturesque drive or bike ride.
- Highgrove: Highgrove is a quiet residential area with a small-town feel, offering a break from the city's hustle and bustle.
- Grand and Chicago: This lively area is known for its multicultural diversity and vibrant street scenes.
- University Village: Adjacent to UCR, University Village is a thriving community with shopping, dining, and entertainment options.
- Eastside: Eastside Riverside is a dynamic neighborhood known for its community events and cultural festivals.
- Alessandro Heights: Perched on the city's western edge, this upscale neighborhood offers beautiful views of Riverside and the surrounding hills.
- Presidential Park: A residential enclave with well-maintained homes and proximity to parks and schools.
- Sycamore Canyon Park: Located near the Sycamore Canyon Wilderness Park, this neighborhood is ideal for nature lovers.
- La Sierra Acres: A peaceful suburban neighborhood with a mix of housing options, from traditional to modern.
Military Bases in Riverside
Riverside is not only a thriving city but also home to several military installations that contribute significantly to national defense. These bases play a crucial role in supporting our armed forces and are an integral part of the region's identity. Here are some of the key military bases in Riverside:
- March Air Reserve Base: Located in Riverside County, this base is a vital center for air mobility and the Air Force Reserve Command's largest air mobility wing.
- Naval Surface Warfare Center, Corona Division: While technically in Norco, this center is part of the defense community in Riverside County and focuses on engineering and testing for the U.S. Navy.
Local Universities in Riverside
Riverside is home to several esteemed universities and colleges, offering diverse educational opportunities and contributing to the city's academic vibrancy. Whether you're pursuing higher education or seeking professional development, Riverside's educational institutions have you covered. Here are some of the local universities:
- University of California, Riverside (UCR): A renowned public research university, UCR is known for its research contributions and diverse student body.
- California Baptist University (CBU): A private Christian university offering a range of undergraduate, graduate, and professional degree programs.
- La Sierra University: A private university affiliated with the Seventh-day Adventist Church, offering a variety of academic programs.
- Riverside City College (RCC): A community college providing accessible higher education and vocational training to the community.
Unlocking Homeownership with VA Loans in Riverside
Riverside, California, presents a fantastic opportunity for veterans and active-duty service members to realize their homeownership dreams. VA Loans in Riverside come with a range of valuable benefits that make homeownership more accessible and affordable:
- No Down Payment: VA Loans eliminate the need for a substantial down payment, making it easier to enter the Riverside housing market.
- Competitive Interest Rates: Enjoy competitive interest rates that reduce the overall cost of homeownership.
- PMI Exemption: With VA Loans, say goodbye to private mortgage insurance (PMI), further lowering your monthly expenses.
These benefits align perfectly with Riverside's dynamic community and cultural diversity, offering veterans and service members a path to homeownership that's both accessible and rewarding.
MHS Lending: Your Trusted Partner for Riverside VA Loans
MHS Lending specializes in VA Loans in Riverside, providing unmatched expertise and support throughout your VA Loan journey:
- Personalized Guidance: Our team offers personalized assistance, ensuring you navigate the VA Loan process with confidence and clarity.
- Maximizing Your Benefits: We're committed to helping you maximize your VA Loan benefits, from initial qualification to the final closing.
- Seamless Home Buying: Let us simplify your home buying experience in Riverside, so you can focus on creating lasting memories in your new home.
Ready to embark on your homeownership journey in Riverside? MHS Lending is your trusted partner every step of the way. Get started now.
- California Veteran Financial Benefits