Riverton, UT Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Riverton, UT Housing Market Trends

With a population of 44,440, 11,704 total housing units (homes and apartments), and a median house value of $462,105, real estate costs in Riverton are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Utah communities.

Riverton is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Riverton than is found in 98% of the communities in America.

The large homes that make up Riverton are primarily owner-occupied ( 89.81%).

There is a lot of housing in Riverton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Riverton built between 2000 and later ( 44.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.77%). There's also some housing in Riverton built before 1939 ( 1.67%).

Riverton Home Appreciation Rates

In the last 10 years, Riverton has experienced some of the highest home appreciation rates of any community in the nation. Riverton real estate appreciated 92.11% over the last ten years, which is an average annual home appreciation rate of 6.75%, putting Riverton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Riverton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Riverton that despite a nationwide downturn in the housing market, Riverton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Riverton appreciation rates continue to be some of the highest in America, at 13.03%, which is higher than appreciation rates in 89.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Riverton. Riverton appreciation rates in the latest quarter were at 4.35%, which equates to an annual appreciation rate of 18.55%.

Importantly, this makes Riverton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Utah, our data show that Riverton's latest annual appreciation rate is lower than 80% of the other cities and towns in Utah.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Riverton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Riverton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Riverton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$462,105

Riverton, UT HOME PRICES

> $1,345,000
0.3%
0.3%
$1,008,001 - $1,345,000
0.8%
0.8%
$672,001 - $1,008,000
10.2%
10.2%
$537,001 - $672,000
23.1%
23.1%
$403,001 - $537,000
33.6%
33.6%
$269,001 - $403,000
26.6%
26.6%
$135,001 - $269,000
3.6%
3.6%
$67,001 - $135,000
0.1%
0.1%
$0 - $67,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for UT

Value Relative To Nation

Number Of Homes And Apartments:
11,704

Riverton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
133.57% 4.02%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,585 / per month

Homeownership Rate

Owners
89.8%
89.8%
Renters
10.2%
10.2%
Vacant
2.4%
2.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
44.4%
44.4%
1970 - 1999
50.2%
50.2%
1940 - 1969
3.8%
3.8%
1939 or Older
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
85.4%
85.4%
Townhomes
8.9%
8.9%
Small Apt. Buildings
1.4%
1.4%
Apt. Complexes
3.6%
3.6%
Mobile Homes
0.8%
0.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
0.5%
0.5%
2 Bedrooms
9.0%
9.0%
3 Bedrooms
22.7%
22.7%
4 Bedrooms
25.4%
25.4%
5 or more bedrooms
42.3%
42.3%
0.0% 100.0%
% OF HOMES