Riverside, IL—60546
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Riverside, IL
As of Oct '25, the median home price in Riverside, IL is $399,000, with a year-over-year change of 5.3%. This indicates that home prices in Riverside, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $399,000 | 5.3% |
| Single Family | $417,000 | 6.1% |
| Condos | $200,000 | -6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $305,000 | 5.5% |
3 Bed | $393,000 | 5.1% |
4 Bed | $565,000 | 8.4% |
| 5 Bed | $817,000 | 8.1% |
% of Housing Stock
Rental Trends — Riverside, IL
As of July '25, Rentcast reports the average rent in Riverside, IL is $1,610, with a year-over-year rent change of -14.4%. Per bedroom, the median rent as of July '25 in Riverside, IL is 1-bedrooms: $1,290, 2-bedrooms: $2,020, 3-bedrooms: $3,020. The most common rental property sizes in Riverside, IL are 2-bedroom and 1-bedroom, accounting for 53.0% and 19.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,610 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,290 |
| 2 Bed Rent | $1,750 | $2,020 |
| 3 Bed Rent | $2,750 | $3,020 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Riverside, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Riverside, IL is 35. This is a decrease of -2.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $452,000 | -1.0% |
Listing Count | 29 | -19.0% |
| Listings as % of Homes | 0.5% | -19.0% |
Days on Market | 35 | -2.0% |
Demographics — Riverside, IL
As of the latest ACS Survey released in 2023, Riverside, IL has a population of 16,600, which has increased by 5.7% over the past 5 years. Riverside, IL is a popular place for families, as children make up 25.9% of the population. The area has a highly educated workforce, with 57.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,600 | 5.7% |
% Under 18 | 25.9% | 7.0% |
% Seniors | 18.8% | 21.3% |
% WFH | 19.0% | 265.4% |
% w/ College Degree | 57.1% | 19.2% |
As of the latest ACS Survey released in 2023, Riverside, IL is a predominantly white area, with 62.7% of the population identifying as white. The white population has shrunk by 10.2% in the last 5 years. The second most common race or ethnicity in Riverside, IL is hispanic, making up 29.4% of the population. Foreign-born residents account for 10.9% of the population in Riverside, IL, and this percentage has decreased by 3.5% 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 | 62.7% | -10.2% |
% Black | 4.0% | 33.3% |
% Hispanic | 29.4% | 33.6% |
% Asian | 1.7% | -58.5% |
% Foreign Born | 10.9% | -3.5% |
Mortgage and Risk — Riverside, IL
According to HUD data as of 2023, there were 261 mortgage originations in Riverside, IL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Riverside, IL. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 261 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Riverside, IL
Riverside, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,200 | $1,390 |
| 2 Bedroom | -$180 | $1,750 | $1,570 |
| 3 Bedroom | -$730 | $2,750 | $2,020 |
| 4 Bedroom | N/A | N/A | $2,370 |
Affordability — Riverside, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $399,000 |
| Median Household Income | $110,000 |