Riverside, Alabama Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Riverside, Alabama rental market.
Riverside, Alabama
Average Apartment Rent
$1,247
Y-o-Y Change in Average
Apartment Rent
12.3%
As of November 2024
Compared to a year ago, Riverside, Alabama apartments have recorded a 12.3% rent increase.
Riverside, Alabama Average apartment rent trend
Riverside, Alabama Average Apartment Rent
Riverside, Alabama Housing tenure**
Renters take up 22% of Riverside, Alabama real estate, occupying a total of 206 units, while homeowners live in 726 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$45,833
Average household size of renter-occupied housing units**
2.83
Riverside, Alabama Renter-occupied housing units by no. of bedrooms**
There are 97 rentals in Riverside, Alabama with 2 beds making up the highest share of the market, at 47%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 7 units. Overall, the median number of rooms in Riverside, Alabama homes for rent is 4.2.
Riverside, Alabama Renter-occupied units by age of householder**
Most condos for rent in Riverside, Alabama are occupied by residents in the 35 - 44 years age group (34%), followed by those in the 25 - 34 years age group (22%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Riverside, Alabama Renter-occupied housing units by family type**
Riverside, Alabama Renter-occupied housing units by the presence of own children**
A total of 135 apartments for rent in Riverside, Alabama, or 66% of all rentals are family households. Additionally, 51% of rental homes include children under the age of 18 – that’s 106 units. All in all, the median size of a renter-occupied household in Riverside, Alabama is 2.83.
Riverside, Alabama Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 11% of the rental market. In contrast, residents with less than a high school degree reside in 21% of the homes for rent in Riverside, Alabama.
Riverside, Alabama Renter-occupied units by year structure built**
The highest share of Riverside, Alabama apartment rentals, namely 35% or 73 units, were Built 1990 - 1999, followed by those Built 1980 - 1989 (30%, 62 units), and the ones Built 2000 - 2009 (17%, 35 units).
Riverside, Alabama Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most Riverside, Alabama renters (64%) moved in 2010 to 2017, while only 3% of them moved in 2021 or later. Overall, the median year renters have occupied their Riverside, Alabama condos for rent is 2014.
Riverside, Alabama Renter-occupied housing units by vehicles available**
When it comes to transportation options, 34% of Riverside, Alabama renters have 2 vehicles available per household, 31% of them have 1 vehicle available, and 24% have 3 or more vehicles available.
Riverside, Alabama Means of transportation to work of householders living in renter-occupied housing units**
Riverside, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**
Riverside, Alabama Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Riverside, Alabama apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates