Riverdale Park, MD is a great place to live for people looking for affordable housing. The median value of housing in Riverdale Park is $417,800, which is significantly higher than the US House Median Value of $338,100. Despite this higher median value, the house appreciation rate in Riverdale Park over the past year has been 6.91%, still lower than the US rate of 8.27%. This suggests that Riverdale Park offers an affordable option despite having a high median value. It's a great opportunity to purchase or rent a home in this area and benefit from its relatively low appreciation rate.
The median home cost in Riverdale Park is $417,800. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Riverdale Park is up 10.7%.
Average Age of Homes
- The median age of Riverdale Park real estate is 58 years old
The Rental Market in Riverdale Park
- Renters make up 46.4% of the Riverdale Park population
- 0.7% of houses and apartments in Riverdale Park, 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.