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Why Live in Riverside

Riverside, a neighborhood in New London, Connecticut, is characterized by its scenic views of the Thames River and a peaceful suburban atmosphere. The area is known for its charming 20th-century colonial homes, some featuring Dutch-inspired gambrel roofs and Victorian styles, set on small lots averaging around 5,000 square feet. Riverside Park, an 18-acre wooded space, offers recreational activities such as picnicking, swimming, and basketball, along with the annual Yale-Harvard Regatta. The neighborhood's proximity to Interstate 95 makes it convenient for travel, with New York City and Boston reachable within two hours. Riverside is less than a mile from Downtown New London, though the Gold Star Bridge provides a sense of separation, contributing to the area's tranquility. Local amenities include the Hodges Square Shopping Center, home to eateries like Rico Chow and DJ’s Campus Kitchen, and Mr. G’s restaurant, known for its New London-style pizza. The Williams School, a highly rated private institution, serves students in grades six through twelve. Riverside residents also benefit from nearby Connecticut College and the Coast Guard Academy. The neighborhood is safer than the national average, offering a low crime risk. For those seeking cultural and historic experiences, Downtown New London features attractions such as the Custom House Maritime Museum and the annual Sailfest event.

Riverside Home Prices vs. Nearby New London, CT Neighborhoods

Riverside Coit North End Clay Arsenal
Median Home Price
$199,000
$210,000
$229,000
$199,900
Median Sale Price
$161,000
-39% YoY
$152,800
-41% YoY
$250,000
+9% YoY
$199,950
-19% YoY
Median Single Family Price
$161,000
$152,800
$269,500
$220,000
Total Active Listings
0
0
1
3
Market Conditions
0 Months of Supply
Seller's Market
0 Months of Supply
Seller's Market
1 Months of Supply
Seller's Market
9 Months of Supply
Buyer's Market

Frequently Asked Questions

Is Riverside a good place to live?
Riverside is a good place to live. Riverside is considered car-dependent and somewhat bikeable with some transit options. Riverside has 2 parks for recreational activities. It has a median age of 35. The average household income is $52,828 which is below the national average. College graduates make up 16.7% of residents. A majority of residents in Riverside are renters, with 76% of residents renting and 24% 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.
Is Riverside, CT a safe neighborhood?
Riverside, CT is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Riverside?
The median home price in Riverside is $199,000. If you put a 20% down payment of $39,800 and had a 30-year fixed mortgage with an interest rate of 6.43%, your estimated principal and interest payment would be $1,000 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $43K a year to afford the median home price in Riverside. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Riverside is $53K.
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, New London, CT?
The most popular zip codes in Riverside, New London, CT include 06320, 06340, 06375, 06385 and 06335.
What are the most popular neighborhoods near Riverside, New London, CT?
The most popular neighborhoods near Riverside, New London, CT are Downtown New London, Jefferson, Willetts, South New London and Long Hill.
Are home prices dropping in Riverside?
Yes, home prices in Riverside are down 39% in the last 12 months.
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