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Riverside

Learn about the people, housing, costs and businesses in Riverside, Illinois

Median Home$496,348
Median Rent$1,484/month
Population8,813
Leading IndustriesHealthcare · Arts, Food & Hospitality · Education22% healthcare
Home Value Growth⬆⬆+17.9% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners84% of occupied units
NotableHighly Educated37% bachelor's · 21% graduate · top 2% nationally
NotableHigh Incomes$165k/year · top 3% nationally
Riverside
IL

Frequently Asked Questions

What are today's mortgage rates in Riverside?

As of today, the 30-year fixed mortgage rate for Riverside is approximately 6.870% (6.876% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Riverside?

The median home value in Riverside is $496k. The median monthly rent is $1,484. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Riverside?

Home values in Riverside have increased 17.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Riverside?

Based on a typical all-in ownership cost of $2,481/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $106k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Riverside is $165k/year.

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What industries drive the economy in Riverside?

The largest employment sectors in Riverside are public administration (23%) and healthcare (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.