The Most Affordable Neighborhoods in Riverton, IL by Home Value

These days, finding an affordable place to live in the Riverton area can be challenging. Home prices in Riverton are now at a median cost of $156,905, lower than the Illinois average of $300,242.

The average cost of rent is $1,026/mo in Riverton, primarily driven by the current value of real estate in the Riverton area. In Riverton, 29.04% of households rent, and 33.42% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Riverton is $7,236 per month. Households that rent pay about 14.18% of their income on rent here. Riverton’s most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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