Riverside, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Riverside Neighborhoods Since 2000




Riverside, OH 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 24,972 people, 10,155 houses or apartments, and a median cost of homes of $98,555, house prices in Riverside are solidly below the national average.

Single-family detached homes are the single most common housing type in Riverside, accounting for 62.77% of the city's housing units. Other types of housing that are prevalent in Riverside include duplexes, homes converted to apartments or other small apartment buildings ( 11.11%), large apartment complexes or high rise apartments ( 10.72%), and a few row houses and other attached homes ( 10.27%).

The most prevalent building size and type in Riverside are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.91% owning and 46.09% renting.

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 58.35% of the city's housing hails from this era. Other housing ages represented in Riverside include homes built between 1970-1999 ( 28.29%) and housing constructed between 2000 and later ( 8.37%). There's also some housing in Riverside built before 1939 ( 4.99%).

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 -1.55%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Riverside's appreciation rate, at 4.41%, has been at or slightly above the national average. In the latest quarter, Riverside's appreciation rate has been -0.27%, which annualizes to a rate of -1.08%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. 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:
$98,555

Riverside, OH HOME PRICES

Value Range
> $1,037,000 0.0
$778,001 - $1,037,000 0.3
$518,001 - $778,000 0.2
$415,001 - $518,000 0.0
$311,001 - $415,000 0.6
$207,001 - $311,000 2.2
$104,001 - $207,000 32.8
$52,001 - $104,000 45.7
$0 - $52,000 18.1

Very Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
78.5538497597562 80.5774278215223

Number Of Homes And Apartments:
10,155

Riverside Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
-5.86% -0.35% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$948 / per month

Homeownership Rate

Homeownership
Owners 53.91
Renters 46.09
Vacant 8.83

Housing Market Details

 

Age of Homes

AGE OF Riverside HOMES
2000 or Newer 8.4
1970 - 1999 28.3
1940 - 1969 58.3
1939 or Older 5.0

Types of Homes

TYPE OF Riverside HOMES
Single-Family 62.8
Townhomes 10.3
Small Apt. Buildings 11.1
Apt. Complexes 10.7
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Riverside HOMES
No Bedroom 1.30
1 Bedroom 8.38
2 Bedrooms 26.40
3 Bedrooms 45.45
4 Bedrooms 15.40
5 or more bedrooms 3.08