There are currently 1,358 real estate properties in RIVA, MD, with a median automated valuation model (AVM) price of $558,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in RIVA, MD, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in RIVA, MD, is $586,157.00, with the most expensive house in RIVA, MD, topping out at $1,999,000.00 and the cheapest home in RIVA, MD, clocking in at $235,000.00. In other words, there’s something for every potential homebuyer or savvy investor in RIVA, MD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in RIVA, MD, is on a rollercoaster ride. The average rent price in RIVA, MD, is $2,367.00. Indeed, when looking to rent in RIVA, MD, you can expect to pay as little as $1,350.00 or as much as $4,830.00, with the average rent median estimated to be $2,340.00. The good news is that finding an affordable and desirable property to rent in RIVA, MD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.