Riverdale Park, MD Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Riverdale Park, MD Housing Market Trends

With 7,200 people, 2,066 houses or apartments, and a median cost of homes of $395,197, Riverdale Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Riverdale Park, accounting for 51.77% of the town's housing units. Other types of housing that are prevalent in Riverdale Park include large apartment complexes or high rise apartments ( 41.00%), row houses and other attached homes ( 3.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.25%).

People in Riverdale Park primarily live in small (one, two or no bedroom) single-family detached homes. Riverdale Park 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 Park's housing was primarily built during this period, from the '40s through the '60s. A full 45.62% of the town's housing hails from this era. Other housing ages represented in Riverdale Park include homes built before 1939 ( 28.47%) and housing constructed between 1970-1999 ( 18.72%). There's also some housing in Riverdale Park built between 2000 and later ( 7.18%).

Riverdale Park Home Appreciation Rates

In the last 10 years, Riverdale Park has experienced some of the highest home appreciation rates of any community in the nation. Riverdale Park real estate appreciated 95.24% over the last ten years, which is an average annual home appreciation rate of 6.92%, putting Riverdale Park in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Riverdale Park 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, Riverdale Park's appreciation rate, at 9.52%, has been at or slightly above the national average. In the latest quarter, Riverdale Park's appreciation rate has been 2.67%, which annualizes to a rate of 11.11%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Riverdale Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Riverdale Park - 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 Riverdale Park real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$395,197

Riverdale Park, MD HOME PRICES

> $1,279,000
0.0%
0.0%
$959,001 - $1,279,000
0.1%
0.1%
$639,001 - $959,000
10.0%
10.0%
$512,001 - $639,000
17.5%
17.5%
$384,001 - $512,000
28.2%
28.2%
$256,001 - $384,000
38.8%
38.8%
$128,001 - $256,000
5.0%
5.0%
$64,001 - $128,000
0.0%
0.0%
$0 - $64,000
0.3%
0.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MD

Value Relative To Nation

Number Of Homes And Apartments:
2,066

Riverdale Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
150.39% 4.36%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,670 / per month

Homeownership Rate

Owners
51.5%
51.5%
Renters
48.5%
48.5%
Vacant
7.2%
7.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.2%
7.2%
1970 - 1999
18.7%
18.7%
1940 - 1969
45.6%
45.6%
1939 or Older
28.5%
28.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.8%
51.8%
Townhomes
3.5%
3.5%
Small Apt. Buildings
2.2%
2.2%
Apt. Complexes
41.0%
41.0%
Mobile Homes
1.0%
1.0%
Other
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.6%
4.6%
1 Bedroom
17.5%
17.5%
2 Bedrooms
27.4%
27.4%
3 Bedrooms
22.9%
22.9%
4 Bedrooms
14.9%
14.9%
5 or more bedrooms
12.7%
12.7%
0.0% 100.0%
% OF HOMES