Riverdale, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Riverdale Neighborhoods Since 2000




Riverdale, IL 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

Riverdale Housing Market Information

With 13,536 people, 4,927 houses or apartments, and a median cost of homes of $84,685, house prices in Riverdale are some of the most affordable in Illinois as well as the nation.

Single-family detached homes are the single most common housing type in Riverdale, accounting for 53.04% of the village's housing units. Other types of housing that are prevalent in Riverdale include large apartment complexes or high rise apartments ( 25.78%), duplexes, homes converted to apartments or other small apartment buildings ( 13.13%), and a few row houses and other attached homes ( 7.96%).

People in Riverdale primarily live in small (one, two or no bedroom) single-family detached homes. Riverdale has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Riverdale's housing was primarily built during this period, from the '40s through the '60s. A full 69.00% of the village's housing hails from this era. Other housing ages represented in Riverdale include homes built between 1970-1999 ( 17.55%) and housing constructed before 1939 ( 8.44%). There's also some housing in Riverdale built between 2000 and later ( 5.01%).

Vacant housing appears to be an issue in Riverdale. Fully 20.33% of the housing stock is classified as vacant. Left unchecked, vacant Riverdale homes and apartments can be a drag on the real estate market, holding Riverdale 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.

Riverdale Home Appreciation Rates

Homes have actually lost value in Riverdale over the last then years, as home values have seen a decline of 34.33% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Riverdale home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

NeighborhoodScout's data show that during the latest twelve months, Riverdale's appreciation rate, at 4.27%, has been at or slightly above the national average. In the latest quarter, Riverdale's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Riverdale's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$84,685

Riverdale, IL HOME PRICES

Value Range
> $1,021,000 0.0
$765,001 - $1,021,000 0.0
$510,001 - $765,000 0.3
$408,001 - $510,000 0.0
$306,001 - $408,000 0.0
$204,001 - $306,000 0.3
$102,001 - $204,000 27.2
$51,001 - $102,000 60.9
$0 - $51,000 11.2

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
87.5834993554436 84.1772151898734

Number Of Homes And Apartments:
4,927

Riverdale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
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
-13.36% -0.83% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,092 / per month

Homeownership Rate

Homeownership
Owners 45.07
Renters 54.93
Vacant 20.33

Housing Market Details

 

Age of Homes

AGE OF Riverdale HOMES
2000 or Newer 5.0
1970 - 1999 17.5
1940 - 1969 69.0
1939 or Older 8.4

Types of Homes

TYPE OF Riverdale HOMES
Single-Family 53.0
Townhomes 8.0
Small Apt. Buildings 13.1
Apt. Complexes 25.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Riverdale HOMES
No Bedroom 1.60
1 Bedroom 13.65
2 Bedrooms 42.63
3 Bedrooms 34.17
4 Bedrooms 6.03
5 or more bedrooms 1.92