The typical owner-occupied home in Riverside is worth about $1,900,300, 5.2 times the Connecticut median of $366,900 and 5.7 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 0.53% of their home's value, lower than the Connecticut rate of 1.81%. The median household earns $250,001 a year, so the median home costs 7.6 times the median income (3.8 times for Connecticut). 81% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Riverside at a glance
| Riverside | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $1,900,300 | $366,900 | $332,700 |
| Median property tax paid per year | $10,001 | $6,643 | $3,119 |
| Property tax as a share of value | 0.53% | 1.81% | 0.94% |
| Median household income | $250,001 | $95,781 | $80,734 |
| Homes lived in by their owners | 81% | 66% | 65% |
| Owner homes with a mortgage | 70% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 21.8% | 21.0% |
| Median rent | $3,501 | $1,488 | $1,413 |
| Rent as a share of renters' income | 28.8% | 31.4% | 30.6% |
| Median year homes were built | 1963 | 1967 | 1980 |
| Vacant homes | 3.6% | 7.0% | 10.1% |
| Population | 8,954 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Riverside
At this week's average 30-year rate of 7.11%, buying the median Riverside home of $1,900,300 with 20% down costs about $11,858 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $15,329, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $508,193 for the 20%-down payment. That payment is 57% of the median Riverside household income of $250,001; at that income and 20% down, the 28% guideline points to a home of about $935,000.
The median rent here is $3,501 a month, so owning the median home costs about $8,357 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $380,060 |
|---|---|
| Loan amount | $1,520,240 |
| Principal and interest | $10,227 |
| Property taxes (0.53% a year) | $839 |
| Homeowners insurance (our estimate, 0.5% a year) | $792 |
| PMI | $0 |
| Total per month | $11,858 |
Change the numbers in the calculator
| Down payment | $66,510 |
|---|---|
| Loan amount | $1,865,881 |
| Principal and interest | $12,552 |
| Property taxes (0.53% a year) | $839 |
| Homeowners insurance (our estimate, 0.5% a year) | $792 |
| FHA mortgage insurance | $1,146 |
| Total per month | $15,329 |
Change the numbers in the calculator
Questions about home buying in Riverside
What is the median home value in Riverside?
About $1,900,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Riverside?
Homeowners pay a median $10,001 a year, which is about 0.53% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Riverside?
For the median home with 20% down at 7.11%, the payment is about $11,858 a month. Keeping that under 28% of gross income takes about $508,193 a year.
More about Riverside
- Mortgage Refinance in Riverside
- Debt Relief in Riverside
- Home Equity Loans in Riverside
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data