Foreclosure Homes in Riverview, MI

Current Market Conditions in Riverview, MI

Currently, the real estate market in Riverview is experiencing steady growth, characterized by an increase in home values and a gradual uptick in sales activity. As more people are drawn to the affordability and community-oriented lifestyle of the city, the demand for homes has remained strong, particularly among first-time buyers.

In the beginning phases of 2023, home prices have risen by approximately 8% from the previous year, driven by low inventory and high demand. Homes located near the river or with larger lots tend to be more sought after, contributing to competitive bidding situations.

Rent Prices In Riverview, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Riverview, MI, is on a rollercoaster ride. The average rent price in Riverview, MI, is $1,375.00. Indeed, when looking to rent in Riverview, MI, you can expect to pay as little as $690.00 or as much as $2,350.00, with the average rent median estimated to be $1,360.00. The good news is that finding an affordable and desirable property to rent in Riverview, MI -- 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.