Nuevo, California.
Typical home $571,851 (+1.4% in a year). Riverside-San Bernardino-Ontario, CA metro.
to buy the typical home at today's mortgage rate — +$1,613 (+116%) since Jan 2020.
- 1 year
- Up $8,139 +1%
- $563,712$571,851 since Sep 2025
- 5 years
- Up $86,371 +18%
- $485,480$571,851 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Nuevo$3,002
- California$3,997
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 21 years.
Typical home values in Nuevo, CA rose 1.4% over the past year — faster than the nation's +1.2%.
Living in Nuevo, Riverside County, California
Nuevo, in Riverside County, had 6,733 people in the 2020 census. Half its households earn more than $112,857 a year and half less, against $93,074 across Riverside County; 7% of its people live below the poverty line. 88% of its homes are lived in by their owners and 12% are rented. Unemployment in Riverside County was 6.2% in August 2026, and the county had 0.7% more jobs in 2025 than the year before. The most residents work in construction, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Nuevo is a small community in Riverside County where most homes are lived in by their owners, a good deal more so than in most places. Residents are younger than in many towns, and household incomes run above the county's. Fewer residents are living in poverty than you might expect, and few adults hold a four-year degree.
Work. Residents work mostly in the building trades, in shops, in schools, hospitals and social care, and in transport, warehouses and utilities. Across Riverside County, some of the largest workplaces are the University of California-Riverside, Corona-Norco Unified and Amazon, which runs a warehouse operation. The typical commute is a long one, and only a small number of people work from home.
Things to do. Lake Perris is a lake a short drive away, and the Orange Empire Railway Museum is also a short drive from town. A longer drive brings you to Riverside International Raceway, a race track. Winters here are mild and summers are hot and dry, with little or no snow and not much rain through the year.
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- 1,690households
- 12%of adults have a degree
- 7%below the poverty line
- 39 mintypical commute
- 10%work from home
What residents work in
Employed residents by industry, from the Census survey. Riverside County had 846,070 jobs in 2025, 0.7% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 65° and lows near 39°; warmest in August, with highs near 96° and lows near 64°. About 12 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the San Jacinto weather station, 10 miles away (NOAA).
Largest workplaces in Riverside County
- University of California-RiversideUniversity or college4,684
- Corona-Norco UnifiedSchool district4,333FTE
- AmazonGeneral warehousing and storage4,330
- Riverside UnifiedSchool district3,906FTE
- Riverside University Health SystemGeneral hospital3,902FTE
- Eisenhower Medical CenterGeneral hospital3,892FTE
- Moreno Valley UnifiedSchool district3,304FTE
- AmazonGeneral warehousing and storage3,218
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 1,391 workplaces with 20 or more staff, 229,739 people in all across the county; Nuevo has one of its own. Colleges come from IPEDS (NCES, 2023–24), school districts from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- WildfireVery high
- EarthquakesRelatively high
- Inland floodingRelatively high
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Nuevo’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Riverside County and the Riverside-San Bernardino-Ontario, CA metro.
Nuevo home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Nuevo$571,851
- California$761,538
- United States$366,157
Sellers are cutting prices on about 1 in 5 Nuevo listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Nuevo20.61%
- United States25.56%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Nuevo19
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Nuevo address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Nuevo — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.