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Riverview, MI—48193

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$249,000
3.7% YoY Growth
Household Income
$72,900
26.4% YoY Growth
Days on Market
29
42.0% Longer YoY
Home Price Forecast
0.1%
Median Rent
$1,080
14.1% YoY Growth
1-Bed Rent
$975
4.2% YoY Growth
2-Bed Rent
$1,150
0.6% YoY Growth
3-Bed Rent
$1,740
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Riverview, MI

As of May '26, the median home price in Riverview, MI is $249,000, with a year-over-year change of 3.7%. This indicates that home prices in Riverview, MI are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$249,0003.7%
Single Family $259,0004.0%
Condos $216,0002.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$204,0003.0%
    3 Bed
    		$242,0003.4%
    4 Bed
    		$347,0002.7%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.7%
    1 Bedroom
    8.2%
    2 Bedrooms
    23.3%
    3 Bedrooms
    44.9%
    4 Bedrooms
    17.6%
    5+ Bedrooms
    2.3%

    Rental Trends — Riverview, MI

    As of July '25, Rentcast reports the average rent in Riverview, MI is $1,280, with a year-over-year rent change of -14.1%. Per bedroom, the median rent as of July '25 in Riverview, MI is 1-bedrooms: $977, 2-bedrooms: $1,560, 3-bedrooms: $1,740, 4-bedrooms: $1,920. The most common rental property sizes in Riverview, MI are 2-bedroom and 1-bedroom, accounting for 45.0% and 22.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,080$1,280
    Studio Rent N/AN/A
    1 Bed Rent $975$977
    2 Bed Rent $1,150$1,560
    3 Bed Rent $1,740$1,740
    4 Bed Rent $1,920$1,920
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    % of Rental Stock

    Studio
    6.5%
    1 Bedroom
    22.7%
    2 Bedrooms
    45.0%
    3 Bedrooms
    18.3%
    4 Bedrooms
    5.7%
    5+ Bedrooms
    1.8%

    Property Listings — Riverview, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Riverview, MI is 29. This is a increase of 42.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$245,000-6.0%
    Listing Count
    		28-11.0%
    Listings as % of Homes0.2%-11.0%
    Days on Market
    		2942.0%
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    Demographics — Riverview, MI

    As of the latest ACS Survey released in 2023, Riverview, MI has a population of 16,500, which has increased by 5.3% over the past 5 years. Riverview, MI is a moderately popular place for families, as children make up 24.0% of the population. The area has a moderately educated workforce, with 25.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		16,5005.3%
    % Under 18
    		24.0%20.0%
    % Seniors
    		20.5%-7.7%
    % WFH
    		10.8%350.0%
    % w/ College Degree
    		25.1%44.3%
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    As of the latest ACS Survey released in 2023, Riverview, MI is a predominantly white area, with 72.6% of the population identifying as white. The white population has shrunk by 11.6% in the last 5 years. The second most common race or ethnicity in Riverview, MI is black, making up 9.0% of the population. Foreign-born residents account for 8.2% of the population in Riverview, MI, and this percentage has increased by 10.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		72.6%-11.6%
    % Black
    		9.0%9.8%
    % Hispanic
    		8.0%116.2%
    % Asian
    		5.3%12.8%
    % Foreign Born
    		8.2%10.8%
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    Mortgage and Risk — Riverview, MI

    According to HUD data as of 2023, there were 278 mortgage originations in Riverview, MI, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Riverview, MI. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		278
    % Conventional Loans
    		77.0%
    % Government Loans
    		23.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Riverview, MI

    As of 2024, the percent of homes in Riverview, MI under the Section 8 program is 12.2%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Riverview, MI, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		265
    Total Units Section 8
    		265
    % Rentals under Section 8
    		12.2%
    % Occupied Section 8
    		95.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$15$975$990
    2 Bedroom$100$1,150$1,250
    3 Bedroom-$210$1,740$1,530
    4 Bedroom-$260$1,920$1,660

    Affordability — Riverview, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$249,000
    Median Household Income$72,900

    Riverview, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Southgate, MI

    48195

    Woodhaven, MI

    48183

    Grosse Ile, MI

    48138

    Wyandotte, MI

    48192

    Lincoln Park, MI

    48146

    Frequently Asked Questions