Riverdale, IL is a great city to live in if you are looking for an affordable housing option. The median value of homes in the area is $106,000, which is significantly lower than the national median housing value of $338,100. In the past year, the appreciation rate of homes in Riverdale has been 5.17%, which is lower than the national average of 8.27%. This indicates that despite not experiencing as much appreciation in property values as some other areas, Riverdale remains an affordable and desirable place to live for those seeking a good value for their money.
The median home cost in Riverdale is $106,000. Home appreciation the last 10 years has been 77.3%. Home Appreciation in Riverdale is up 14.3%.
Average Age of Homes
- The median age of Riverdale real estate is 57 years old
The Rental Market in Riverdale
- Renters make up 40.6% of the Riverdale population
- 4.7% of houses and apartments in Riverdale, 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.