Riverside, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Riverside Neighborhoods Since 2000




Riverside, NJ Real Estate Data


Riverside Housing Market Information

With 29,305 people, 1,675 houses or apartments, and a median cost of homes of $150,743, Riverside real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Riverside homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Riverside, accounting for 61.10% of the town's housing units. Other types of housing that are prevalent in Riverside include row houses and other attached homes ( 15.37%), large apartment complexes or high rise apartments ( 12.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.69%).

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 73.35% of Riverside's homes, and 63.12% have either three or four bedrooms, which is average sized relative to America.

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. Riverside's housing was primarily built during this period, from the '40s through the '60s. A full 35.45% of the town's housing hails from this era. Other housing ages represented in Riverside include homes built between 1970-1999 ( 33.06%) and housing constructed before 1939 ( 17.00%). There's also some housing in Riverside built between 2000 and later ( 14.50%).

Riverside Home Appreciation Rates

Appreciation rates for homes in Riverside have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.76%, which ranks in the top 30% nationwide. This equates to an annual average Riverside house appreciation rate of 1.21%.

Over the last year, Riverside appreciation rates have trailed the rest of the nation. In the last twelve months, Riverside's appreciation rate has been 1.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Riverside were at -0.06%, which equates to an annual appreciation rate of -0.22%.

Relative to New Jersey, our data show that Riverside's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

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

Average Home Values

 

Median Home Value:
$150,743

Riverside, NJ HOME PRICES

Value Range
> $1,109,000 0.2
$832,001 - $1,109,000 0.1
$555,001 - $832,000 1.0
$444,001 - $555,000 0.4
$333,001 - $444,000 3.4
$222,001 - $333,000 14.7
$111,001 - $222,000 38.6
$56,001 - $111,000 30.6
$0 - $56,000 10.5

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
49.4169694128677 96.3414634146341

Number Of Homes And Apartments:
1,675

Rent & Ownership

 

Average Market Rent:
$815 / per month

Homeownership Rate

Homeownership
Owners 73.35
Renters 26.65
Vacant 8.28

Housing Market Details

 

Age of Homes

AGE OF Riverside HOMES
2000 or Newer 14.5
1970 - 1999 33.1
1940 - 1969 35.5
1939 or Older 17.0

Types of Homes

TYPE OF Riverside HOMES
Single-Family 61.1
Townhomes 15.4
Small Apt. Buildings 10.7
Apt. Complexes 12.2
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Riverside HOMES
No Bedroom 1.37
1 Bedroom 11.65
2 Bedrooms 20.92
3 Bedrooms 42.76
4 Bedrooms 20.36
5 or more bedrooms 2.95

Riverside Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
44.64% 2.16% 4 5
* 10 is highest