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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Riva, MD area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Riva, MD and much more. Save thousands at closing with home foreclosure listings in Riva, MD — up to 75% off market value!
Riva is located in Anne Arundel, Maryland, with an estimated municipal population of 4,130 residents. All of the best foreclosed homes for sale in Riva are located in the following zip code areas on Foreclosure.com: 21035 21037 21140. The estimated population per square kilometer (.62 miles) in Riva is 649.
So, about how much do homes cost in Riva? The most recent median value of resident-owned homes in Riva is 495,111. An estimated 92.9 percent of households in Riva own their homes, with an average family size of 3.13. The median household income in Riva is 122,905, with68.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Riva, the median commute time of resident workers (in minutes) is 35.2. And last, but certainly not least, are you looking for homes to rent in Riva? If so, the average rent price paid by renters in Riva is 1,685, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Riva, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Riva is 44.4, split between 51 percent male versus 49 female. The percentage of residents who report being married in Riva is 64.9, with an average family size of 3.13.
The percentage of residents who report their race in Riva is as follows:
|Black / African American||1.5%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Riva? Or maybe you are searching for 55+ active adult communities in and/or near Riva?
The percentage of residents who report their age in Riva is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Riva with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Riva.
How do you know that living in -- or moving to -- Riva is right where you need to be? Perhaps you grew up in Riva or already live nearby; therefore, the decision to buy a home in Riva is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Riva for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Riva:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Riva.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Riva can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Riva, meanwhile, can field multiple offers from more qualified buyers.