Riverdale Park, MD


Highest Appreciating Riverdale Park Neighborhoods Since 2000

Riverdale Park, MD 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 Park Housing Market Information

With a population of 7,305, 1,934 total housing units (homes and apartments), and a median house value of $305,567, 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 54.90% of the town's housing units. Other types of housing that are prevalent in Riverdale Park include large apartment complexes or high rise apartments ( 38.41%), duplexes, homes converted to apartments or other small apartment buildings ( 3.85%), and a few mobile homes or trailers ( 1.68%).

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 46.92% of the town's housing hails from this era. Other housing ages represented in Riverdale Park include homes built before 1939 ( 30.14%) and housing constructed between 1970-1999 ( 20.53%). There's also some housing in Riverdale Park built between 2000 and later ( 2.40%).

Riverdale Park Home Appreciation Rates

Riverdale Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Riverdale Park during the period has been just -2.01%, which is lower than 80% of US communities.

Appreciation rates are so strong in Riverdale Park that despite a nationwide downturn in the housing market, Riverdale Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Riverdale Park appreciation rates continue to be some of the highest in America, at 9.95%, which is higher than appreciation rates in 93.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Riverdale Park. Riverdale Park appreciation rates in the latest quarter were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Maryland, our data show that Riverdale Park's latest annual appreciation rate is higher than 90% 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:

Riverdale Park, MD HOME PRICES

Value Range
> $1,323,000 0.0
$992,001 - $1,323,000 0.0
$662,001 - $992,000 1.9
$529,001 - $662,000 5.5
$397,001 - $529,000 14.8
$265,001 - $397,000 53.9
$132,001 - $265,000 18.4
$66,001 - $132,000 1.9
$0 - $66,000 3.6

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
15.8853861478964 48.8549618320611

Number Of Homes And Apartments:

Riverdale Park Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
85.92% 3.66% 9 9
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,327 / per month

Homeownership Rate

Owners 50.54
Renters 49.46
Vacant 7.02

Housing Market Details


Age of Homes

AGE OF Riverdale Park HOMES
2000 or Newer 2.4
1970 - 1999 20.5
1940 - 1969 46.9
1939 or Older 30.1

Types of Homes

TYPE OF Riverdale Park HOMES
Single-Family 54.9
Townhomes 1.2
Small Apt. Buildings 3.8
Apt. Complexes 38.4
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Riverdale Park HOMES
No Bedroom 1.73
1 Bedroom 18.61
2 Bedrooms 32.64
3 Bedrooms 19.81
4 Bedrooms 19.86
5 or more bedrooms 7.36