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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,773 people, 1,028 houses or apartments, and a median cost of homes of $489,843, Riverton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Riverton, accounting for 68.72% of the borough's housing units. Other types of housing that are prevalent in Riverton include duplexes, homes converted to apartments or other small apartment buildings ( 13.98%), row houses and other attached homes ( 10.58%), and a few large apartment complexes or high rise apartments ( 6.72%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Riverton. Owner-occupied housing accounts for 73.00% of Riverton's homes, and 66.33% have either three or four bedrooms, which is average sized relative to America.
The housing in Riverton was primarily built before 1939 ( 67.25%), making the housing stock in Riverton some of the oldest overall in America, although there is a range of ages of homes in Riverton. The next most important housing age is between 1940-1969 ( 24.56%), followed by between 1970-1999 ( 5.34%). There's also some housing in Riverton built between 2000 and later ( 2.85%).
Real estate appreciation rates in Riverton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.09% during the period.
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 8.82%, which is higher than appreciation rates in 79.29% 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 1.44%, which equates to an annual appreciation rate of 5.90%.
Relative to New Jersey, our data show that Riverton's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.
One very important thing to keep in mind is that these are average appreciation rates for the borough. 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.
$489,843
for New jersey
for nation
1,028
$2,593 / per month