Zip 48193 (Riverview, MI) Housing

The housing market in 48193 is Riverview, MI is quite strong. The median house value in the area stands at $216,700, which is much lower than the US median of $338,100. However, over the past year the value of homes in Riverview has appreciated 8.47%, slightly higher than the national average of 8.27%. This indicates that Riverview is a desirable place to live and people are confident that investing in housing there will provide excellent returns on their investment.

The median home cost in Riverview (zip 48193) is $216,700. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Riverview (zip 48193) is up 13.1%.

Average Age of Homes

- The median age of Riverview (zip 48193) real estate is 46 years old

The Rental Market in Riverview (zip 48193)

- Renters make up 30.6% of the Riverview (zip 48193) population
- 3.9% of houses and apartments in Riverview (zip 48193), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Riverview, Michigan	United States
	6,902.0	139,647,020.0
	51	42
	$216,700	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$20.06	$10.98
	$3,364	$2,690
	59.6%	57.4%
	6.0%	11.2%
	34.5%	31.4%
Vacant Housing
	3.9%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.9%	0.4%
	0.2%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	2.0%	2.6%
	2.4%	2.4%
	1.4%	2.8%
	2.9%	3.9%
	5.8%	4.5%
	25.0%	11.3%
	28.6%	13.0%
	26.7%	20.1%
	3.5%	13.6%
	1.3%	8.3%
	0.4%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.3%	13.6%
	4.3%	13.6%
	7.4%	13.6%
	11.6%	13.2%
	27.6%	14.8%
	7.4%	13.6%
	19.1%	10.0%
	6.2%	4.7%
	3.2%	12.2%

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