Riverdale, IL 60827 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Riverdale, IL—60827

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$123,000

5.0% YoY Growth

Household Income

$37,600

17.8% YoY Growth

Days on Market

3.0% Shorter YoY

Home Price Forecast

2.9%

Median Rent

$1,480

9.2% YoY Growth

1-Bed Rent

$1,020

16.7% YoY Growth

2-Bed Rent

$1,480

11.9% YoY Growth

3-Bed Rent

$1,880

20.4% YoY Growth

Home Price Trends — Riverdale, IL

As of Dec '25, the median home price in Riverdale, IL is $123,000, with a year-over-year change of -5.0%. This indicates that home prices in Riverdale, IL are decreasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$123,000	-5.0%
Single Family	$125,000	-3.8%
Condos	$60,000	-11.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Riverdale, IL

As of July '25, Rentcast reports the average rent in Riverdale, IL is $1,420, with a year-over-year rent change of 9.2%. Per bedroom, the median rent as of July '25 in Riverdale, IL is studios: $825, 1-bedrooms: $1,090, 2-bedrooms: $1,410, 3-bedrooms: $1,830, 4-bedrooms: $2,100. The most common rental property sizes in Riverdale, IL are 2-bedroom and 3-bedroom, accounting for 34.2% and 31.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,480	$1,420
Studio Rent	$800	$825
1 Bed Rent	$1,020	$1,090
2 Bed Rent	$1,480	$1,410
3 Bed Rent	$1,880	$1,830
4 Bed Rent	$2,000	$2,100

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% of Rental Stock

Studio

3.3%

1 Bedroom

23.5%

2 Bedrooms

34.2%

3 Bedrooms

31.3%

4 Bedrooms

7.5%

5+ Bedrooms

0.3%

Property Listings — Riverdale, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Riverdale, IL is 51. This is a increase of 15.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$147,000	-10.0%
Listing Count	104	12.0%
Listings as % of Homes	0.7%	12.0%
Days on Market	49	-3.0%

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Demographics — Riverdale, IL

As of the latest ACS Survey released in 2023, Riverdale, IL has a population of 24,900, which has decreased by -12.9% over the past 5 years. Riverdale, IL is a popular place for families, as children make up 33.6% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	24,900	-12.9%
% Under 18	33.6%	15.1%
% Seniors	10.7%	10.3%
% WFH	7.5%	368.8%
% w/ College Degree	15.0%	11.1%

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As of the latest ACS Survey released in 2023, Riverdale, IL is a predominantly black area, with 88.6% of the population identifying as black. The black population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Riverdale, IL is hispanic, making up 4.9% of the population. Foreign-born residents account for 1.5% of the population in Riverdale, IL, and this percentage has decreased by 31.8% 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	1.9%	-29.6%
% Black	88.6%	-3.5%
% Hispanic	4.9%	14.0%
% Asian	0.0%	-100.0%
% Foreign Born	1.5%	-31.8%

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Mortgage and Risk — Riverdale, IL

According to HUD data as of 2023, there were 206 mortgage originations in Riverdale, IL, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Riverdale, IL. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	206
% Conventional Loans	53.0%
% Government Loans	47.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Riverdale, IL

As of 2024, the percent of homes in Riverdale, IL under the Section 8 program is 23.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Riverdale, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	2,833
Total Units Section 8	1,264
% Rentals under Section 8	23.9%
% Occupied Section 8	90.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$260	$1,020	$1,280
2 Bedroom	-$40	$1,480	$1,440
3 Bedroom	-$30	$1,880	$1,850
4 Bedroom	$170	$2,000	$2,170

Riverdale, IL—60827

Key Metrics at a Glance

Home Price Trends — Riverdale, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Riverdale, IL

% of Rental Stock

Property Listings — Riverdale, IL

Demographics — Riverdale, IL

Race and Ethnicity

Mortgage and Risk — Riverdale, IL

Mortgages

Rentals and Section 8 — Riverdale, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Riverdale, IL

Home Price to Income Ratio

Riverdale, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Dolton, IL

Roseland, Chicago, IL

Harvey, IL

Blue Island, IL

South Holland, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$123,000
Median Household Income	$37,600

Riverdale, IL—60827

Key Metrics at a Glance

Home Price Trends — Riverdale, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Riverdale, IL

% of Rental Stock

Property Listings — Riverdale, IL

Demographics — Riverdale, IL

Race and Ethnicity

Mortgage and Risk — Riverdale, IL

Mortgages

Rentals and Section 8 — Riverdale, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Riverdale, IL

Home Price to Income Ratio

Riverdale, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Dolton, IL

Roseland, Chicago, IL

Harvey, IL

Blue Island, IL

South Holland, IL

Frequently Asked Questions

What is the average home price in Riverdale, IL 60827?

How have home prices in Riverdale, IL 60827 changed over the past year?

What is the home price projection for Riverdale, IL 60827?

What are the demographics of Riverdale, IL 60827?

How long does it take homes to sell in Riverdale, IL 60827?

What is the average rent price in Riverdale, IL 60827?