Riverton, MI is a great area for homeowners looking to purchase or invest in housing. According to recent data, the median value of housing in Riverton is $194,600, which is significantly lower than the US house median value of $338,100. While the US has experienced a 1 year house appreciation rate of 8.27%, Riverton has seen a much higher appreciation rate at 13.62%. This means that homes in this area have seen a much greater increase in value over the past year than other areas around the country. With such strong appreciation rates and relatively low values compared to other areas of the nation, Riverton residents are likely to experience substantial returns on their housing investments in the near future.
The median home cost in Riverton is $194,600. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Riverton is up 16.5%.
Average Age of Homes
- The median age of Riverton real estate is 43 years old
The Rental Market in Riverton
- Renters make up 8.7% of the Riverton population
- 0.0% of houses and apartments in Riverton, 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.