Riverton, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Riverton, 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

Riverton Housing Market Information

With a population of 41,900, 11,136 total housing units (homes and apartments), and a median house value of $326,308, Riverton house prices are not only among the most expensive in Utah, Riverton real estate also is some of the most expensive in all of America.

Riverton is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Riverton than is found in 98% of the communities in America.

The large homes that make up Riverton are primarily owner-occupied ( 89.71%).

There is a lot of housing in Riverton 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 Riverton built between 2000 and later ( 39.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.48%). There's also some housing in Riverton built before 1939 ( 2.27%).

Riverton Home Appreciation Rates

Appreciation rates for homes in Riverton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.46%, which ranks in the top 40% nationwide. This equates to an annual average Riverton house appreciation rate of 0.63%.

Appreciation rates are so strong in Riverton that despite a nationwide downturn in the housing market, Riverton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Riverton appreciation rates continue to be some of the highest in America, at 8.35%, which is higher than appreciation rates in 88.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Riverton. Riverton appreciation rates in the latest quarter were at 2.95%, which equates to an annual appreciation rate of 12.32%.

Importantly, NeighborhoodScout’s exclusive research found that Riverton's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Utah, our data show that Riverton's latest annual appreciation rate is higher than 60% of the other cities and towns in Utah.

One very important thing to keep in mind is that these are average appreciation rates for the city. 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:
$326,308

Riverton, UT HOME PRICES

Value Range
> $1,244,000 0.3
$933,001 - $1,244,000 1.2
$622,001 - $933,000 2.4
$497,001 - $622,000 9.6
$373,001 - $497,000 25.3
$249,001 - $373,000 45.6
$124,001 - $249,000 13.0
$62,001 - $124,000 0.4
$0 - $62,000 2.3

Very High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
14.0249619125747 18.4563758389262

Number Of Homes And Apartments:
11,136

Riverton 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
65.73% 2.97% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,684 / per month

Homeownership Rate

Homeownership
Owners 89.71
Renters 10.29
Vacant 2.99

Housing Market Details

 

Age of Homes

AGE OF Riverton HOMES
2000 or Newer 39.9
1970 - 1999 53.3
1940 - 1969 4.5
1939 or Older 2.3

Types of Homes

TYPE OF Riverton HOMES
Single-Family 88.5
Townhomes 5.7
Small Apt. Buildings 1.1
Apt. Complexes 3.9
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Riverton HOMES
No Bedroom 0.41
1 Bedroom 1.20
2 Bedrooms 5.92
3 Bedrooms 25.44
4 Bedrooms 27.50
5 or more bedrooms 39.53