Riverside, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Riverside, OH Real Estate Data


Riverside Housing Market Information

With a population of 24,972, 10,213 total housing units (homes and apartments), and a median house value of $98,145, house prices in Riverside are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Riverside, accounting for 62.99% of the city's housing units. Other types of housing that are prevalent in Riverside include large apartment complexes or high rise apartments ( 11.62%), duplexes, homes converted to apartments or other small apartment buildings ( 10.66%), and a few row houses and other attached homes ( 10.08%).

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 54.53% owning and 45.47% 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 59.65% of the city's housing hails from this era. Other housing ages represented in Riverside include homes built between 1970-1999 ( 27.89%) and housing constructed between 2000 and later ( 7.31%). There's also some housing in Riverside built before 1939 ( 5.15%).

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 -1.61%, which is lower than 80% of US communities.

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 3.33%, 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 1.35%, which equates to an annual appreciation rate of 5.50%.

Relative to Ohio, our data show that Riverside's latest annual appreciation rate is lower than 80% 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:
$98,145

Riverside, OH HOME PRICES

Value Range
> $1,052,000 0.1
$789,001 - $1,052,000 0.3
$526,001 - $789,000 0.1
$421,001 - $526,000 0.0
$315,001 - $421,000 1.0
$210,001 - $315,000 2.6
$105,001 - $210,000 33.7
$53,001 - $105,000 46.0
$0 - $53,000 16.1

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
80.0140539907478 84.3832020997375

Number Of Homes And Apartments:
10,213

Rent & Ownership

 

Average Market Rent:
$983 / per month

Homeownership Rate

Homeownership
Owners 54.53
Renters 45.47
Vacant 9.89

Housing Market Details

 

Age of Homes

AGE OF Riverside HOMES
2000 or Newer 7.3
1970 - 1999 27.9
1940 - 1969 59.7
1939 or Older 5.2

Types of Homes

TYPE OF Riverside HOMES
Single-Family 63.0
Townhomes 10.1
Small Apt. Buildings 10.7
Apt. Complexes 11.6
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Riverside HOMES
No Bedroom 1.61
1 Bedroom 8.35
2 Bedrooms 26.02
3 Bedrooms 44.39
4 Bedrooms 16.83
5 or more bedrooms 2.80

Riverside Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
-5.45% -0.33% 1 1
* 10 is highest