Riverdale, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Riverdale Neighborhoods Since 2000




Riverdale, UT 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 Housing Market Information

With 8,666 people, 3,063 houses or apartments, and a median cost of homes of $187,656, Riverdale 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, accounting for 59.31% of the city's housing units. Other types of housing that are prevalent in Riverdale include mobile homes or trailers ( 15.92%), large apartment complexes or high rise apartments ( 12.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Riverdale. Owner-occupied housing accounts for 70.98% of Riverdale's homes, and 49.79% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Riverdale built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Riverdale built between 1940-1969 ( 19.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.19%). There's also some housing in Riverdale built before 1939 ( 2.00%).

Vacant housing appears to be an issue in Riverdale. Fully 10.02% of the housing stock is classified as vacant. Left unchecked, vacant Riverdale homes and apartments can be a drag on the real estate market, holding Riverdale real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Riverdale Home Appreciation Rates

Appreciation rates for homes in Riverdale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.07%, which ranks in the top 30% nationwide. This equates to an annual average Riverdale house appreciation rate of 1.06%.

Appreciation rates are so strong in Riverdale that despite a nationwide downturn in the housing market, Riverdale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Riverdale appreciation rates continue to be some of the highest in America, at 9.50%, which is higher than appreciation rates in 92.33% 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. Riverdale appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.18%.

Importantly, this makes Riverdale one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Utah, our data show that Riverdale's latest annual appreciation rate is higher than 80% of the other cities and towns in Utah.

Average Home Values

 

Median Home Value:
$187,656

Riverdale, UT HOME PRICES

Value Range
> $1,194,000 0.0
$895,001 - $1,194,000 0.0
$597,001 - $895,000 0.6
$477,001 - $597,000 1.5
$358,001 - $477,000 7.4
$239,001 - $358,000 23.5
$119,001 - $239,000 46.5
$59,001 - $119,000 3.9
$0 - $59,000 16.6

Low for UT
High for Nation

Value Relative to Nation Value Relative to State
35.5326379936716 75.8389261744966

Number Of Homes And Apartments:
3,063

Riverdale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
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
36.71% 1.83% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,081 / per month

Homeownership Rate

Homeownership
Owners 70.98
Renters 29.02
Vacant 10.02

Housing Market Details

 

Age of Homes

AGE OF Riverdale HOMES
2000 or Newer 16.2
1970 - 1999 62.3
1940 - 1969 19.5
1939 or Older 2.0

Types of Homes

TYPE OF Riverdale HOMES
Single-Family 59.3
Townhomes 4.2
Small Apt. Buildings 7.3
Apt. Complexes 12.9
Mobile Homes 15.9
Other 0.4

Home Size

SIZE OF Riverdale HOMES
No Bedroom 0.50
1 Bedroom 7.55
2 Bedrooms 27.76
3 Bedrooms 32.58
4 Bedrooms 17.22
5 or more bedrooms 14.39