The population is approaching 200,000 and the housing market in Moreno Valley is stabilizing. The end of August 2013 saw the median list price at $247,240 and the median selling price at $203,800. The May through July period saw 558 home sales, a number which was actually down about 30 percent from the year before. 57.62 percent of homes are owner occupied, 35.97 percent are rented, and 6.41 percent are vacant. The apartment vacancy rate is nearly the same at 7 percent, meaning apartments are available but it might take a bit of searching to find the right choice.
Moreno Valley Nightlife
Traditionally, Moreno Valley hasn't been known as a nightlife hot spot. The rapid growth of housing developments left most people searching for nightlife options in nearby cities like San Bernardino and Riverside, or even driving down to Los Angeles. That perception is changing, albeit slowly. There are many great restaurants and top-line movie theaters that make dinner and a movie a great option. BJ's Restaurant and Brewhouse offers great pub fare and more, along with handcrafted beers. Harkins Theaters Moreno Valley 16 gives the cinema experience a full range of options from IMAX and 3D to an in-lobby children's supervised play center for kids 3-8. The kids can have fun while Mom and Dad enjoy a movie just steps away. Bahama Mama's on Sunnymead Boulevard is a favorite hangout for locals looking for a cocktail and a great sound system. El Rodeo de Moreno Valley offers great dancing to techno, hip hop, and Latin favorites. P. H. Woods Restaurant and Brewery is a great sports hangout with fantastic food options and an excellent beer selection. Naims Lounge Hookah Bar combines a Middle Eastern ambiance with great music.
Moreno Valley has some very interesting attractions. Perris Auto Speedway has sprint car racing, demolition derbies, stock and specialty races. Lake Perris and the Lake Perris State Recreation Area provide a wide range of water-related activities. It's a picturesque reservoir on the south side of Moreno Valley, adjacent to the small city of Perris. More than 100 species of birds have been spotted at the lake and a Native American museum offers the history the first people to call the area home. Also in Perris is the Orange Empire Railway Museum. The 90-acre site is home to more than 200 historic rail cars and locomotives that breathe the life of California's railroad past. Train and trolley rides, including Thomas the Tank Engine for the kids, are a great outing for the family. March Field, which later became March Air Force Base, was formed in anticipation of American entry into WWI. The March Field Air Museum tracks the history of the base and includes a fine collection of vintage aircraft. The nearby Riverside International Automotive Museum pays homage to the racetrack that was a centerpiece of the area.
Moreno Valley Neighborhoods
The city has 44 recognized distinct neighborhoods with a wide variety of living options. The rapid growth means there are many large tracts and master planned communities. The core area and outlying original districts have older properties with a less homogeneous feel. Here's a look at some of the bigger neighborhoods in Moreno Valley:
Sunnymead Ranch: It's a huge planned area in the north side of town that is centered around Sunnymead Ranch Lake. Homes right on the lake are naturally the most expensive, but homeowners within the development have lake access, as well as usage of the gym, pool. park, and clubhouse.
Edgemont: An older area with established homes and few HOAs, Edgemont fronts I-215 on the west and extends down to the boundary of what is now March Air Reserve Base. It's bisected by Alessandro Boulevard, which is lined with shops and businesses.
Moreno Valley Ranch: It's a community in the southeast part of town that abuts the hills north of Lake Perris. Geographically, it is centered around Moreno Valley College. A mix of new developments and homes that are older but well maintained make it an interesting neighborhood.