Riverside, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Riverside Neighborhoods Since 2000




Riverside, 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

Riverside Housing Market Information

With 8,835 people, 3,234 houses or apartments, and a median cost of homes of $389,008, Riverside house prices are not only among the most expensive in Illinois, Riverside real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Riverside, accounting for 70.45% of the village's housing units. Other types of housing that are prevalent in Riverside include large apartment complexes or high rise apartments ( 14.90%), duplexes, homes converted to apartments or other small apartment buildings ( 10.66%), and a few row houses and other attached homes ( 3.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Riverside. Owner-occupied housing accounts for 77.21% of Riverside's homes, and 54.26% have either three or four bedrooms, which is average sized relative to America.

The housing in Riverside was primarily built before 1939 ( 50.69%), making the housing stock in Riverside some of the oldest overall in America, although there is a range of ages of homes in Riverside. The next most important housing age is between 1940-1969 ( 37.34%), followed by between 1970-1999 ( 7.70%). There's also some housing in Riverside built between 2000 and later ( 4.28%).

Riverside Home Appreciation Rates

Riverside's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Riverside during the period has been just -1.62%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Riverside's appreciation rate, at 3.88%, has been at or slightly above the national average. In the latest quarter, Riverside's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$389,008

Riverside, IL HOME PRICES

Value Range
> $1,127,000 2.0
$846,001 - $1,127,000 5.0
$564,001 - $846,000 20.3
$451,001 - $564,000 16.6
$338,001 - $451,000 23.2
$225,001 - $338,000 22.0
$113,001 - $225,000 8.2
$56,001 - $113,000 0.8
$0 - $56,000 2.0

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
9.95546701043009 6.20253164556962

Number Of Homes And Apartments:
3,234

Riverside 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
29.51% 1.51% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,141 / per month

Homeownership Rate

Homeownership
Owners 77.21
Renters 22.79
Vacant 5.30

Housing Market Details

 

Age of Homes

AGE OF Riverside HOMES
2000 or Newer 4.3
1970 - 1999 7.7
1940 - 1969 37.3
1939 or Older 50.7

Types of Homes

TYPE OF Riverside HOMES
Single-Family 70.5
Townhomes 3.6
Small Apt. Buildings 10.7
Apt. Complexes 14.9
Mobile Homes 0.0
Other 0.4

Home Size

SIZE OF Riverside HOMES
No Bedroom 1.32
1 Bedroom 10.81
2 Bedrooms 26.53
3 Bedrooms 32.45
4 Bedrooms 21.82
5 or more bedrooms 7.09