Riverview, MI 48193 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Riverview, MI—48193

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$237,000

4.9% YoY Growth

Household Income

$72,900

26.4% YoY Growth

Days on Market

21.0% Shorter YoY

Home Price Forecast

1.9%

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 — Riverview, MI

As of Nov '25, the median home price in Riverview, MI is $237,000, with a year-over-year change of 4.9%. This indicates that home prices in Riverview, MI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$237,000	4.9%
Single Family	$246,000	4.7%
Condos	$209,000	6.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average Rent
Average Rent	$1,080	$1,280
Studio Rent	N/A	N/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 Nov '25, Realtor.com reports that the median days on market for a home in Riverview, MI is 31. This is a decrease of -21.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$244,000	-6.0%
Listing Count	37	15.0%
Listings as % of Homes	0.2%	15.0%
Days on Market	31	-21.0%

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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.

Metric	Latest Census	YoY % Change
Population	16,500	5.3%
% 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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max 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

Riverview, MI—48193

Key Metrics at a Glance

Home Price Trends — Riverview, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Riverview, MI

% of Rental Stock

Property Listings — Riverview, MI

Demographics — Riverview, MI

Race and Ethnicity

Mortgage and Risk — Riverview, MI

Mortgages

Rentals and Section 8 — Riverview, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Riverview, MI

Home Price to Income Ratio

Riverview, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Southgate, MI

Woodhaven, MI

Grosse Ile, MI

Wyandotte, MI

Lincoln Park, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$237,000
Median Household Income	$72,900

Riverview, MI—48193

Key Metrics at a Glance

Home Price Trends — Riverview, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Riverview, MI

% of Rental Stock

Property Listings — Riverview, MI

Demographics — Riverview, MI

Race and Ethnicity

Mortgage and Risk — Riverview, MI

Mortgages

Rentals and Section 8 — Riverview, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Riverview, MI

Home Price to Income Ratio

Riverview, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Southgate, MI

Woodhaven, MI

Grosse Ile, MI

Wyandotte, MI

Lincoln Park, MI

Frequently Asked Questions

What is the average home price in Riverview, MI 48193?

How have home prices in Riverview, MI 48193 changed over the past year?

What is the home price projection for Riverview, MI 48193?

What are the demographics of Riverview, MI 48193?

How long does it take homes to sell in Riverview, MI 48193?

What is the average rent price in Riverview, MI 48193?