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Housing in Riverside

A typical Riverside home is worth roughly $267,000

Typical home value
$267K
MN $351K
Estimate
2-bedroom rent
$970
a month, utilities in · HUD
Median tax bill
$1,854
MN $3,357

What kind of housing town is Riverside?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

What it takes to buy in Riverside

Try your own numbers below.

You could afford about
$341,000
Typical Riverside home $267K

That covers a typical Riverside home, with $74K to spare.

The typical home, each month
$1,630
Loan $1,320Tax $230Insurance $80

A two-bedroom rents for about $970 a month here, $660 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Minnesota typical property tax (1.02% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

95% of Riverside households own their home

Half of Riverside’s homes were built before 1962.

Owners and renters
Own 95%Rent 5%

Minnesota: 72% own.

1962
typical home built · MN 1979
$1,854
median property tax bill · MN $3,357
6%
of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $970

Fair Market Rent a month, utilities included

Studio$670
1 bedroom$830
2 bedrooms$970
3 bedrooms$1,350
4 bedrooms$1,430
5%
of households rent · MN 28%
1
renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Lac qui Parle County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Neighbors talk housing

What Riverside buyers, sellers and renters are saying.

Town Square →
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Is Riverside still affordable for young families?

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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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