The housing market in Riverside, MI has shown a higher appreciation rate than the national average over the past year. The median value of homes in Riverside is currently $206,100, which is much lower than the US median value of $338,100. However, the one year house appreciation rate in Riverside is 15.49%, compared to 8.27% nationally. This shows that Riverside real estate has been steadily increasing in price in recent years, making it an attractive investment opportunity for potential buyers and investors alike.
The median home cost in Riverside is $206,100. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Riverside is up 19.8%.
Average Age of Homes
- The median age of Riverside real estate is 34 years old
The Rental Market in Riverside
- Renters make up 7.6% of the Riverside population
- 1.3% of houses and apartments in Riverside, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.