Riverton, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Riverton, NJ 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

Riverton Housing Market Information

With 2,748 people, 1,036 houses or apartments, and a median cost of homes of $302,408, Riverton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Riverton, accounting for 70.35% of the borough's housing units. Other types of housing that are prevalent in Riverton include row houses and other attached homes ( 12.07%), duplexes, homes converted to apartments or other small apartment buildings ( 9.17%), and a few large apartment complexes or high rise apartments ( 8.42%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Riverton. Owner-occupied housing accounts for 77.13% of Riverton's homes, and 65.11% have either three or four bedrooms, which is average sized relative to America.

The housing in Riverton was primarily built before 1939 ( 66.60%), making the housing stock in Riverton some of the oldest overall in America, although there is a range of ages of homes in Riverton. The next most important housing age is between 1940-1969 ( 26.29%), followed by between 1970-1999 ( 6.64%).

Riverton Home Appreciation Rates

Riverton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Riverton during the period has been just -1.73%, which is lower than 80% of US communities.

Over the last year, Riverton appreciation rates have trailed the rest of the nation. In the last twelve months, Riverton's appreciation rate has been 1.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Riverton were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Riverton'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 borough. Individual neighborhoods within Riverton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Riverton - 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 Riverton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$302,408

Riverton, NJ HOME PRICES

Value Range
> $1,065,000 0.0
$799,001 - $1,065,000 0.6
$533,001 - $799,000 4.6
$426,001 - $533,000 10.9
$320,001 - $426,000 27.0
$213,001 - $320,000 39.8
$107,001 - $213,000 13.7
$53,001 - $107,000 0.5
$0 - $53,000 2.9

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
16.1139106996367 62.3983739837398

Number Of Homes And Apartments:
1,036

Riverton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
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
56.36% 2.63% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,379 / per month

Homeownership Rate

Homeownership
Owners 77.13
Renters 22.87
Vacant 3.09

Housing Market Details

 

Age of Homes

AGE OF Riverton HOMES
2000 or Newer 0.5
1970 - 1999 6.6
1940 - 1969 26.3
1939 or Older 66.6

Types of Homes

TYPE OF Riverton HOMES
Single-Family 70.3
Townhomes 12.1
Small Apt. Buildings 9.2
Apt. Complexes 8.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Riverton HOMES
No Bedroom 0.75
1 Bedroom 8.70
2 Bedrooms 14.69
3 Bedrooms 40.32
4 Bedrooms 24.79
5 or more bedrooms 10.76