Riverview, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Riverview, FL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Riverview Housing Market Information

With a population of 76,248, 26,495 total housing units (homes and apartments), and a median house value of $216,890, 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 70.67% of the town's housing units. Other types of housing that are prevalent in Riverview include mobile homes or trailers ( 12.12%), large apartment complexes or high rise apartments ( 9.93%), and a few row houses and other attached homes ( 5.19%).

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 71.51% of Riverview's homes, and 73.59% 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. 55.09% 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 ( 39.83%), and between 1940-1969 ( 4.72%).

Vacant housing appears to be an issue in Riverview. Fully 12.95% of the housing stock is classified as vacant. Left unchecked, vacant Riverview homes and apartments can be a drag on the real estate market, holding Riverview real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Riverview Home Appreciation Rates

Riverview's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Riverview during the period has been just -1.87%, which is lower than 80% of US communities.

Appreciation rates are so strong in Riverview that despite a nationwide downturn in the housing market, Riverview real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Riverview appreciation rates continue to be some of the highest in America, at 8.14%, which is higher than appreciation rates in 87.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Riverview. Riverview appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.24%.

Relative to Florida, our data show that Riverview's latest annual appreciation rate is lower than 50% 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.

Average Home Values

 

Median Home Value:
$216,890

Riverview, FL HOME PRICES

Value Range
> $1,356,000 0.1
$1,017,001 - $1,356,000 0.4
$678,001 - $1,017,000 0.7
$542,001 - $678,000 1.0
$407,001 - $542,000 4.4
$271,001 - $407,000 23.2
$136,001 - $271,000 49.5
$68,001 - $136,000 14.0
$0 - $68,000 6.7

High for FL
High for Nation

Value Relative to Nation Value Relative to State
28.3311848119067 39.957264957265

Number Of Homes And Apartments:
26,495

Riverview Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
57.82% 2.68% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,670 / per month

Homeownership Rate

Homeownership
Owners 71.51
Renters 28.49
Vacant 12.95

Housing Market Details

 

Age of Homes

AGE OF Riverview HOMES
2000 or Newer 55.1
1970 - 1999 39.8
1940 - 1969 4.7
1939 or Older 0.4

Types of Homes

TYPE OF Riverview HOMES
Single-Family 70.7
Townhomes 5.2
Small Apt. Buildings 2.0
Apt. Complexes 9.9
Mobile Homes 12.1
Other 0.1

Home Size

SIZE OF Riverview HOMES
No Bedroom 0.16
1 Bedroom 4.05
2 Bedrooms 17.14
3 Bedrooms 41.82
4 Bedrooms 31.77
5 or more bedrooms 5.05