Riverdale, Utah Information
The town of Riverdale lies slightly over four miles southwest of the City of Ogden, Utah. It sits in Weber County, within easy driving distance of both the Great Salt Lake and recreation areas in nearby Cache National Forest. Depending upon the location, real estate in this location offers a view of scenic mountain vistas in the distance.
Riverdale, Utah Details
The Weber River runs through the eastern half of the town in a north-south direction. Interstate-15 courses along Riverdale’s far western border, linking with Interstate-84 in the northwest. Both highways offer ready access through the Great Salt Lake Valley. The Ogden-Hinckley Airport adjoins I-15 just outside the town’s northwestern edge.
The community today encompasses 4.4 square miles in total area. Its population in 2012 stood at 8,560 people. White (81.9%) and Hispanic (12.8%) residents predominate, with a small number of mixed race, Black, Asian, Pacific Islander and Native American minorities. The town contains every age demographic, with the average age of residents standing at a youthful 33.6 years.
In 2015, residents reported a median income of $58,516 per household and a per capita income of $24,697. Over 90% of all inhabitants over the age of 25 had received a high school diploma, and slightly over one fifth of these individuals has also earned a college degree.
During the past few years, the community suffered from slightly higher than average property crime rates, apparently due to an increase in thefts. The size of the municipal police force now slightly exceeds the state average on a per capita basis. In September, 2015, the town’s unemployment rate stood 0.5% higher than Utah’s average rate of 3.8%.
About two fifths of the population work in manufacturing or retailing. Smaller numbers of residents find employment in government administration, waste management services, construction and transportation. Since the community lies within the Greater Ogden Metro Area, it appears many people from the town commute to jobs in Ogden or other nearby urban locations. Only some 16% of employed residents hold employment within the town.
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Although people first settled in Riverdale along the banks of the Weber River in the mid-1800s, the town did not incorporate as a municipality until 1946. An increase in population and business activity during the period of the Second World War evidently sparked this development.
The recession of 2007 to 2009 significantly depressed employment and real estate prices in this area, although existing home construction evidently continued during the recession. In 2006, the average cost of real estate in the town slightly exceeded the average price of real estate in Utah. When the economic recession occurred, new home construction permits fell sharply in number. As of 2014, the last reported year, the average cost of real estate in the community stood slightly below the state average.
The zillow.com website reported in early May, 2017 that homes in this municipality carried an estimated median value of $190,200. This figure stands above the median price in Clearfield, and well above the median price in nearby Ogden (estimated at $127,100). Asking prices varied considerably, apparently based upon a number of factors, which might include property location, size, condition and available amenities. In general, detached houses commanded higher prices than mobile homes or apartment units.
The city-data.com website reported the mean price for housing units (consisting of houses or condos) in 2015 had risen to $166,870, an increase from the 2000 figure of $125,900. Despite the rise in prices, the median 2015 figure still ranked below the state median of $234,600. Reportedly, median gross rents for condos or houses in the town in 2015 stood at $801.
Listings on the zillow.com website suggest considerable variation exists in current rental pricing in this community. Typically, a detached house in good condition commands a higher monthly rental rate than an apartment unit in a large complex.
If you own property in this part of Utah, an experienced property manager can offer valuable assistance helping you evaluate rental markets. Call us today to obtain a detailed analysis of your real estate.
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