The typical owner-occupied home in Riverdale is worth about $113,800, 57% below the Illinois median of $263,300 and 66% below the national median of $332,700. Owners pay a median $3,843 a year in property taxes, about 3.38% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $39,833 a year, so the median home costs 2.9 times the median income (3.2 times for Illinois). 52% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Riverdale at a glance
| Riverdale | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $113,800 | $263,300 | $332,700 |
| Median property tax paid per year | $3,843 | $5,298 | $3,119 |
| Property tax as a share of value | 3.38% | 2.01% | 0.94% |
| Median household income | $39,833 | $83,390 | $80,734 |
| Homes lived in by their owners | 52% | 67% | 65% |
| Owner homes with a mortgage | 58% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,410 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 30.6% | 20.6% | 21.0% |
| Median rent | $1,231 | $1,274 | $1,413 |
| Rent as a share of renters' income | 47.9% | 29.1% | 30.6% |
| Median year homes were built | 1957 | 1971 | 1980 |
| Vacant homes | 25.6% | 7.7% | 10.1% |
| Population | 10,340 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Riverdale
At this week's average 30-year rate of 7.11%, buying the median Riverdale home of $113,800 with 20% down costs about $980 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,170, 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 $42,016 for the 20%-down payment. That payment is 30% of the median Riverdale household income of $39,833; at that income and 20% down, the 28% guideline points to a home of about $108,000.
The median rent here is $1,231 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,760 |
|---|---|
| Loan amount | $91,040 |
| Principal and interest | $612 |
| Property taxes (3.38% a year) | $321 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $980 |
Change the numbers in the calculator
| Down payment | $3,983 |
|---|---|
| Loan amount | $111,739 |
| Principal and interest | $752 |
| Property taxes (3.38% a year) | $321 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $1,170 |
Change the numbers in the calculator
Questions about home buying in Riverdale
What is the median home value in Riverdale?
About $113,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Riverdale?
Homeowners pay a median $3,843 a year, which is about 3.38% 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 Riverdale?
For the median home with 20% down at 7.11%, the payment is about $980 a month. Keeping that under 28% of gross income takes about $42,016 a year.
More about Riverdale
- Mortgage Refinance in Riverdale
- Debt Relief in Riverdale
- Home Equity Loans in Riverdale
- 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