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  4. /Riverdale, MI - 48877

Riverdale, MI—48877

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$198,000
9.7% YoY Growth
Household Income
$57,200
19.6% YoY Growth
Days on Market
65
86.0% Longer YoY
Home Price Forecast
0.0%
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Riverdale, MI

As of May '26, the median home price in Riverdale, MI is $198,000, with a year-over-year change of 9.7%. This indicates that home prices in Riverdale, MI are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$198,0009.7%
Single Family $198,0009.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    1.7%
    2 Bedrooms
    25.8%
    3 Bedrooms
    56.3%
    4 Bedrooms
    14.2%
    5+ Bedrooms
    1.6%

    Rental Trends — Riverdale, MI

    Riverdale, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    2 Bedrooms
    48.2%
    3 Bedrooms
    51.8%

    Property Listings — Riverdale, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Riverdale, MI is 65. This is a increase of 86.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$150,000-43.0%
    Listing Count
    		629.0%
    Listings as % of Homes0.1%29.0%
    Days on Market
    		6586.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
    Loading chart...

    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$760
    2 BedroomN/AN/A$930
    3 BedroomN/AN/A$1,190
    4 BedroomN/AN/A$1,390

    Affordability — Riverdale, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$198,000
    Median Household Income$57,200

    Riverdale, MI — ZIP Code Boundary Map

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    Frequently Asked Questions