Why Live in Riverside
Riverside, a neighborhood in historic Downtown Fredericksburg, Virginia, is known for its scenic location along the Rappahannock River and its rich history. The area features Old Mill Park, the largest green space on the waterfront, offering opportunities for kayaking, canoeing, and access to the Rappahannock River Heritage Trail. Residential streets like Normandy Ave and Elmhurst Ave are primarily lined with single-family homes, including ramblers, bungalows, and Cape Cods, dating from the early 1900s to the 1950s, with some newer constructions. The neighborhood has a well-established feel, with many homes well-maintained and renovated over the years. Riverside students attend schools in the Fredericksburg City Public Schools district, with James Monroe High School providing a Career and Technical Education program. The neighborhood's attractions include a variety of dining options such as Mason Dixon Café, Twenty Four Hundred Diner, and Carl’s frozen custard stand. For shopping, Giant Foods is about a mile away, while Spotsylvania Town Center and Central Park, less than 4 miles away, offer over 250 retailers and restaurants. Riverside's blend of historical charm, recreational opportunities, and convenient amenities make it a notable part of Fredericksburg.
Frequently Asked Questions
Is Riverside a good place to live?
Riverside is a good place to live. Riverside is considered fairly walkable and a biker's paradise. Riverside has 8 parks for recreational activities. It is fairly sparse in population with 3.4 people per acre and a median age of 44. The average household income is $68,881 which is below the national average. College graduates make up 38.5% of residents. A majority of residents in Riverside are renters, with 55.7% of residents renting and 44.3% of residents owning their home. A
local real estate agent serving Riverside can help you decide if this neighborhood is the right one for you. Learn more on our
Riverside neighborhood guide.
How much do you need to make to afford a house in Riverside?
The median home price in Riverside is $647,000. If you put a 20% down payment of $129,400 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,350 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $144K a year to afford the median home price in Riverside. The average household income in Riverside is $69K.
What are the best public schools in Riverside?
The best public schools that serve Riverside are:
What are the best private schools in Riverside?
The best private schools that serve Riverside are:
What are the most popular zip codes in Riverside, Fredericksburg, VA?
What are the most popular neighborhoods near Riverside, Fredericksburg, VA?
Home Trends in Riverside, VA
On average, homes in Riverside, Fredericksburg sell after 33 days on the market compared to the national average of 70 days. The median sale price for homes in Riverside, Fredericksburg over the last 12 months is $539,000, up 54% from the median home sale price over the previous 12 months.
Median Sale Price
$539,000
Median Single Family Sale Price
$637,000
Median 2 Bedroom Sale Price
$395,000
Average Price Per Sq Ft
$722
Number of Homes for Sale
3
Last 12 months Home Sales
11
Median List Price
$647,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
54%