Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 107,396 people, 35,948 houses or apartments, and a median cost of homes of $441,304, Riverview real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Riverview, accounting for 73.04% of the town's housing units. Other types of housing that are prevalent in Riverview include mobile homes or trailers ( 9.44%), large apartment complexes or high rise apartments ( 8.69%), and a few row houses and other attached homes ( 6.72%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Riverview. Owner-occupied housing accounts for 72.54% of Riverview's homes, and 75.05% have either three or four bedrooms, which is average sized relative to America.
Riverview homes and real estate are some of the newest in America. 68.86% of Riverview's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Riverview real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.84%), and between 1940-1969 ( 2.96%).
In the last 10 years, Riverview has experienced some of the highest home appreciation rates of any community in the nation. Riverview real estate appreciated 174.68% over the last ten years, which is an average annual home appreciation rate of 10.63%, putting Riverview in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Riverview definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Riverview's appreciation rate, at 7.07%, has been at or slightly above the national average. In the latest quarter, Riverview's appreciation rate has been 0.30%, which annualizes to a rate of 1.19%.
Notably, Riverview's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Riverview's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Riverview differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Riverview - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Riverview real estate investment or home purchase decisions.
$441,304
for Florida
for nation
35,948
$3,923 / per month