Riverton, IL is a great place to invest in the housing market. With a median value of $161,200, it is substantially lower than the US House Median Value of $338,100. This provides an opportunity for potential buyers to access more affordable housing options. In addition to this, Riverton has seen higher than average appreciation over the past year of 10.25%, compared to 8.27% nationally. Therefore investing in the housing market in Riverton may provide good returns for buyers in the future or those looking for an appreciating asset over time.
The median home cost in Riverton (zip 62561) is $161,200. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Riverton (zip 62561) is up 11.6%.
Average Age of Homes
- The median age of Riverton (zip 62561) real estate is 41 years old
The Rental Market in Riverton (zip 62561)
- Renters make up 25.2% of the Riverton (zip 62561) population
- 1.9% of houses and apartments in Riverton (zip 62561), 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.