Riverton, Utah Housing Market Prices
Riverton 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 43% above the Utah median$712,254
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Median rent 41% above the Utah median$2,103
Housing Market Overview
| Metric | Riverton | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $712,254 | $498,552 | $248,835 |
| Price Trend (Annual %) | 14.1% | 11.3% | 7.5% |
| Median Gross Rent | $2,103 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 7.4% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Riverton is about 43% higher than in Utah. Rent is about 41% higher than the Utah average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Riverton, up about 14.1% and 7.4% a year respectively. Home prices are changing faster.
Median rent in Riverton rose about 80.7% between 2015 and 2024, from $1,164 to $2,103. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in Riverton.
Buying the median-priced home in Riverton costs roughly 28.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Riverton. The price-to-rent ratio in Utah is about 27.8.
| Metric | Riverton | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $712,254 | $498,552 | $248,835 |
| Median Household Income | $125,322 | $95,466 | $80,455 |
| Price-to-Income Ratio | 5.7 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Riverton rose about 342.5%, while median household income rose about 43.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Riverton | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 82.6% | 64.6% | 58.5% |
| Rental Rate | 13.9% | 27.3% | 31.2% |
| Vacancy Rate | 3.5% | 8.1% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Riverton has a homeownership rate of 82.6%, higher than the Utah average of 64.6%. Its housing vacancy rate is 3.5%, compared with 8.1% in Utah.
Housing Stock
| Metric | Riverton | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.26 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 2000 | 1989 | 1978 |
| Median Number of Rooms | 7.9 | 6.4 | 5.5 |
The typical housing unit in Riverton was built around 2000. On average, 3.3 people live in a home with about 7.9 rooms, staying for about 14.0 years on average.
Riverton, UT Housing Compared With Nearby Cities
How Riverton, UT compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Riverton, UT | 45,438 | $712,254 #1/3 | $2,103 #1/3 | 85.6% #1/3 |
| South Jordan, UT | 80,556 | $575,416 | $1,973 | 82.8% |
| West Jordan, UT | 115,866 | $564,466 | $1,778 | 78.5% |
Frequently Asked Questions
Common questions about the housing market in Riverton, Utah.
What is the median home price in Riverton, Utah?
The median home price in Riverton, Utah is $712,254, higher than the Utah average of $498,552.
What is the average home price in Riverton, Utah?
The typical home price in Riverton, Utah, reported as the median sale price, is $712,254. 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 Riverton, Utah?
The median gross rent in Riverton, Utah is $2,103 per month, higher than the Utah average of $1,495.
What was the median gross rent in Riverton in 2020?
In 2020, the median gross rent in Riverton, Utah was $1,458 per month.
What is the price-to-rent ratio in Riverton, Utah?
The price-to-rent ratio in Riverton, Utah is about 28.2, meaning it would take roughly 28.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Riverton.
Are home prices or rent rising faster in Riverton, Utah?
Both home prices and rent are rising in Riverton, up about 14.1% and 7.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Riverton, Utah?
82.6% of households in Riverton, Utah own their home, higher than the Utah average of 64.6%.
What is the vacancy rate in Riverton, Utah?
The housing vacancy rate in Riverton, Utah is 3.5%, lower than the Utah average of 8.1%.
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