Riverdale, MI—48877
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Riverdale, MI
As of Oct '25, the median home price in Riverdale, MI is $171,000, with a year-over-year change of 1.4%. This indicates that home prices in Riverdale, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $171,000 | 1.4% |
| Single Family | $171,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Riverdale, MI
Riverdale, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Riverdale, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Riverdale, MI is 62. This is a decrease of -57.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $251,000 | 33.0% |
Listing Count | 8 | 12.0% |
| Listings as % of Homes | 0.1% | 12.0% |
Days on Market | 62 | -57.0% |
Demographics — Riverdale, MI
As of the latest ACS Survey released in 2023, Riverdale, MI has a population of 2,080, which has decreased by -11.4% over the past 5 years. Riverdale, MI is a moderately popular place for families, as children make up 16.5% of the population. The area has a poorly educated workforce, with 9.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,080 | -11.4% |
% Under 18 | 16.5% | -21.8% |
% Seniors | 22.2% | 26.1% |
% WFH | 4.0% | 8.1% |
% w/ College Degree | 9.5% | 35.7% |
As of the latest ACS Survey released in 2023, Riverdale, MI is a predominantly white area, with 92.8% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Riverdale, MI is hispanic, making up 3.8% of the population. Foreign-born residents account for 0.8% of the population in Riverdale, MI, and this percentage has increased by 300.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.8% | -3.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.8% | 375.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.8% | 300.0% |
Mortgage and Risk — Riverdale, MI
According to HUD data as of 2023, there were 46 mortgage originations in Riverdale, MI, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Riverdale, MI. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 46 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Riverdale, MI
Riverdale, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Riverdale, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $171,000 |
| Median Household Income | $57,200 |