Riverbank, CA is a desirable market for housing due to its median value being well above the national average. The median value of a home in Riverbank is currently $455,000 compared to the US median value of $338,100. While the US experienced an 8.27% house appreciation rate over the last year, Riverbank experienced a 3.39% house appreciation rate. This indicates that while the housing market in Riverbank has been increasing in value at a slower rate than the national average, it is still growing steadily and may be expected to continue appreciating at or around this same rate going forward.
The median home cost in Riverbank is $455,000. Home appreciation the last 10 years has been 187.4%. Home Appreciation in Riverbank is up 11.1%.
Average Age of Homes
- The median age of Riverbank real estate is 23 years old
The Rental Market in Riverbank
- Renters make up 28.9% of the Riverbank population
- 0.4% of houses and apartments in Riverbank, 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.