Riverdale, New York, NY—10471
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Riverdale, New York, NY
As of Oct '25, the median home price in Riverdale, New York, NY is $429,000, with a year-over-year change of 4.0%. This indicates that home prices in Riverdale, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $429,000 | 4.0% |
| Single Family | $1,136,000 | 4.6% |
| Condos | $317,000 | 6.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $238,000 | 5.8% |
2 Bed | $373,000 | 5.7% |
3 Bed | $757,000 | 4.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Riverdale, New York, NY
As of July '25, Rentcast reports the average rent in Riverdale, New York, NY is $3,480, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Riverdale, New York, NY is studios: $2,560, 1-bedrooms: $2,180, 2-bedrooms: $3,630, 3-bedrooms: $3,900, 4-bedrooms: $4,900. The most common rental property sizes in Riverdale, New York, NY are 1-bedroom and studio, accounting for 36.3% and 21.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,480 |
| Studio Rent | $2,200 | $2,560 |
| 1 Bed Rent | $2,300 | $2,180 |
| 2 Bed Rent | $3,200 | $3,630 |
| 3 Bed Rent | $4,000 | $3,900 |
| 4 Bed Rent | $4,900 | $4,900 |
% of Rental Stock
Property Listings — Riverdale, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Riverdale, New York, NY is 110. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $324,000 | 0.0% |
Listing Count | 178 | 17.0% |
| Listings as % of Homes | 1.7% | 17.0% |
Days on Market | 110 | 17.0% |
Demographics — Riverdale, New York, NY
As of the latest ACS Survey released in 2023, Riverdale, New York, NY has a population of 23,400, which has increased by 6.9% over the past 5 years. Riverdale, New York, NY is a moderately popular place for families, as children make up 18.2% of the population. The area has a highly educated workforce, with 58.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,400 | 6.9% |
% Under 18 | 18.2% | 14.5% |
% Seniors | 27.8% | 9.4% |
% WFH | 21.1% | 245.9% |
% w/ College Degree | 58.5% | 6.9% |
As of the latest ACS Survey released in 2023, Riverdale, New York, NY is a predominantly white area, with 52.6% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Riverdale, New York, NY is hispanic, making up 31.2% of the population. Foreign-born residents account for 20.4% of the population in Riverdale, New York, NY, and this percentage has decreased by 17.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 52.6% | -10.1% |
% Black | 8.9% | -24.6% |
% Hispanic | 31.2% | 36.8% |
% Asian | 4.6% | -25.8% |
% Foreign Born | 20.4% | -17.1% |
Mortgage and Risk — Riverdale, New York, NY
According to HUD data as of 2023, there were 208 mortgage originations in Riverdale, New York, NY, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Riverdale, New York, NY. Investor activity is low, as 1.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 208 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Riverdale, New York, NY
As of 2024, the percent of homes in Riverdale, New York, NY under the Section 8 program is 6.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Riverdale, New York, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 332 |
Total Units Section 8 | 270 |
% Rentals under Section 8 | 6.4% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $2,300 | $2,370 |
| 2 Bedroom | -$580 | $3,200 | $2,620 |
| 3 Bedroom | -$730 | $4,000 | $3,270 |
| 4 Bedroom | -$1,380 | $4,900 | $3,520 |
Affordability — Riverdale, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $429,000 |
| Median Household Income | $109,000 |