The typical owner-occupied home in Riverton is worth about $350,000, 5% below the Connecticut median of $366,900 and 5% above the national median of $332,700. Owners pay a median $6,250 a year in property taxes, about 1.79% of their home's value, close to the Connecticut rate of 1.81%. The median household earns $123,923 a year, so the median home costs 2.8 times the median income (3.8 times for Connecticut). 100% of occupied homes here are lived in by their owners, and 93% of those owners still have a mortgage.
Riverton at a glance
| Riverton | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $350,000 | $366,900 | $332,700 |
| Median property tax paid per year | $6,250 | $6,643 | $3,119 |
| Property tax as a share of value | 1.79% | 1.81% | 0.94% |
| Median household income | $123,923 | $95,781 | $80,734 |
| Homes lived in by their owners | 100% | 66% | 65% |
| Owner homes with a mortgage | 93% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,904 | $2,429 | $1,963 |
| Median rent | – | $1,488 | $1,413 |
| Median year homes were built | 1938 | 1967 | 1980 |
| Vacant homes | 0.0% | 7.0% | 10.1% |
| Population | 318 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Riverton
At this week's average 30-year rate of 7.11%, buying the median Riverton home of $350,000 with 20% down costs about $2,552 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,135, 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 $109,350 for the 20%-down payment. That payment is 25% of the median Riverton household income of $123,923; at that income and 20% down, the 28% guideline points to a home of about $397,000.
| Down payment | $70,000 |
|---|---|
| Loan amount | $280,000 |
| Principal and interest | $1,884 |
| Property taxes (1.79% a year) | $522 |
| Homeowners insurance (our estimate, 0.5% a year) | $146 |
| PMI | $0 |
| Total per month | $2,552 |
Change the numbers in the calculator
| Down payment | $12,250 |
|---|---|
| Loan amount | $343,661 |
| Principal and interest | $2,312 |
| Property taxes (1.79% a year) | $522 |
| Homeowners insurance (our estimate, 0.5% a year) | $146 |
| FHA mortgage insurance | $155 |
| Total per month | $3,135 |
Change the numbers in the calculator
Questions about home buying in Riverton
What is the median home value in Riverton?
About $350,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Riverton?
Homeowners pay a median $6,250 a year, which is about 1.79% 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 Riverton?
For the median home with 20% down at 7.11%, the payment is about $2,552 a month. Keeping that under 28% of gross income takes about $109,350 a year.
More about Riverton
- Mortgage Refinance in Riverton
- Debt Relief in Riverton
- Home Equity Loans in Riverton
- 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