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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 10,776 people, 4,124 houses or apartments, and a median cost of homes of $300,533, Riverton real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Riverton, accounting for 63.27% of the city's housing units. Other types of housing that are prevalent in Riverton include large apartment complexes or high rise apartments ( 11.17%), mobile homes or trailers ( 10.33%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.67%).
The most prevalent building size and type in Riverton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.13% owning and 43.87% renting.
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 1940-1969 ( 33.77%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.82%). There's also some housing in Riverton built before 1939 ( 7.38%).
Vacant housing appears to be an issue in Riverton. Fully 11.06% of the housing stock is classified as vacant. Left unchecked, vacant Riverton homes and apartments can be a drag on the real estate market, holding Riverton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Riverton, where house values have increased just 52.98%, which is annualized rate of 4.34%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Riverton's appreciation rate, at 5.42%, has been at or slightly above the national average. In the latest quarter, Riverton's appreciation rate has been 4.60%, which annualizes to a rate of 19.69%.
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 Wyoming, our data show that Riverton's latest annual appreciation rate is higher than 70% of the other cities and towns in Wyoming.
$300,533
for Wyoming
for nation
4,124
$1,357 / per month