Riverview, Florida Housing Market Prices
Riverview Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 56% below the Florida median$137,820
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Median rent 20% above the Florida median$2,000
Housing Market Overview
| Metric | Riverview | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,820 | $311,338 | $248,835 |
| Price Trend (Annual %) | -0.4% | 11.2% | 7.5% |
| Median Gross Rent | $2,000 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Riverview is about 56% lower than in Florida. Rent is about 20% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Riverview: home prices fell about 0.4% a year while rent rose about 6.1% a year. That is an unusual pattern worth watching.
Median rent in Riverview rose about 66.7% between 2015 and 2024, from $1,200 to $2,000. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Riverview.
Buying the median-priced home in Riverview costs roughly 5.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Riverview. The price-to-rent ratio in Florida is about 15.6.
| Metric | Riverview | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,820 | $311,338 | $248,835 |
| Median Household Income | $101,215 | $74,580 | $80,455 |
| Price-to-Income Ratio | 1.4 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Riverview fell about 1.2%, while median household income rose about 48.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Riverview | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.4% | 57.7% | 58.5% |
| Rental Rate | 21.5% | 27.7% | 31.2% |
| Vacancy Rate | 6.2% | 14.6% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Riverview has a homeownership rate of 72.4%, higher than the Florida average of 57.7%. Its housing vacancy rate is 6.2%, compared with 14.6% in Florida.
Housing Stock
| Metric | Riverview | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.93 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 2007 | 1988 | 1978 |
| Median Number of Rooms | 6.2 | 5.2 | 5.5 |
The typical housing unit in Riverview was built around 2007. On average, 2.9 people live in a home with about 6.2 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Riverview, Florida.
What is the median home price in Riverview, Florida?
The median home price in Riverview, Florida is $137,820, lower than the Florida average of $311,338.
What is the average home price in Riverview, Florida?
The typical home price in Riverview, Florida, reported as the median sale price, is $137,820. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Riverview, Florida?
The median gross rent in Riverview, Florida is $2,000 per month, higher than the Florida average of $1,668.
What was the median gross rent in Riverview in 2020?
In 2020, the median gross rent in Riverview, Florida was $1,455 per month.
What is the price-to-rent ratio in Riverview, Florida?
The price-to-rent ratio in Riverview, Florida is about 5.7, meaning it would take roughly 5.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Riverview.
Are home prices or rent rising faster in Riverview, Florida?
Home prices and rent are moving in opposite directions in Riverview: home prices fell about 0.4% a year while rent rose about 6.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Riverview, Florida?
72.4% of households in Riverview, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Riverview, Florida?
The housing vacancy rate in Riverview, Florida is 6.2%, lower than the Florida average of 14.6%.
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