Riverview, MI is a great place for anyone looking to invest in real estate. The median value of housing in Riverview is $208,900, which is significantly lower than the national average of $338,100. Furthermore, the 1-year house appreciation rate in Riverview is 8.47%, slightly higher than the national rate of 8.27%. This shows that investing in housing in Riverview would be a solid and profitable decision.
The median home cost in Riverview is $208,900. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Riverview is up 13.1%.
Average Age of Homes
- The median age of Riverview real estate is 49 years old
The Rental Market in Riverview
- Renters make up 31.4% of the Riverview population
- 3.8% of houses and apartments in Riverview, 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.