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Real Estate Prices & Overview

Riverton Southeast median real estate price is $731,966, which is more expensive than 83.4% of the neighborhoods in Utah and 83.9% of the neighborhoods in the U.S.

The average rental price in Riverton Southeast is currently $4,263, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.1% of the neighborhoods in Utah.

Riverton Southeast is a suburban neighborhood (based on population density) located in Riverton, Utah.

Riverton Southeast real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Riverton Southeast neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In Riverton Southeast, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Riverton Southeast is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Riverton Southeast neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

People

In a nation where 1 out of every 4 children lives in poverty, the Riverton Southeast neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 5.4% of residents in the Riverton Southeast neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.4% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Diversity

Did you know that the Riverton Southeast neighborhood has more English and Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 28.6% of this neighborhood's residents have English ancestry and 4.1% have Danish ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Riverton Southeast neighborhood in Riverton are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 57.3% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Riverton Southeast neighborhood, 41.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.7%), and 16.7% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Riverton Southeast neighborhood is English, spoken by 93.9% of households. Some people also speak Spanish (4.5%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Riverton Southeast neighborhood in Riverton, UT, residents most commonly identify their ethnicity or ancestry as English (28.6%). There are also a number of people of German ancestry (7.8%), and residents who report Danish roots (4.1%), and some of the residents are also of Italian ancestry (4.1%), along with some Scottish ancestry residents (2.9%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Riverton Southeast neighborhood spend between 15 and 30 minutes commuting one-way to work (37.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (65.9%) drive alone in a private automobile to get to work. In addition, quite a number also bicycle to get to work (5.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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