Why Live in Riverdale
Riverdale, a neighborhood in southeast Roanoke, is situated approximately 2 miles from downtown. The area faces challenges related to substance abuse and homelessness, exacerbated by the pandemic. However, the upcoming Riverdale project aims to revitalize the former Roanoke Industrial Center into a mixed-use facility with housing, restaurants, art studios, and recreational features like pickleball courts. This project, set to complete by 2040, promises to enhance the neighborhood's appeal. Riverdale offers convenient access to the Roanoke River Greenway, with entrances on Underhill Avenue and Bennington Street providing scenic paths for biking, running, and leisurely strolls. Golden Park, with its playground, basketball court, and open green space, is another local highlight. The neighborhood features a mix of historic properties and new constructions, including early 20th-century Cape Cods and bungalows alongside Colonial Revivals. Riverdale is budget-friendly, with homes ranging from fixer-uppers to new builds. Renters are also well-accommodated, with options like the Mount Pleasant Villas Apartment Complex. Bennington Place, the neighborhood's shopping center, includes a Food Lion grocery store, a nail salon, and an e-cigarette shop. For more dining and entertainment options, residents often venture to downtown Roanoke. The neighborhood is served by Roanoke City Public Schools. Major roads like Bennington Road and U.S. Interstate 581 provide easy access to surrounding areas, while the Roanoke-Blacksburg Regional Airport is about 8 miles away.
Frequently Asked Questions
Is Riverdale a good place to live?
Riverdale is a good place to live. Riverdale is considered very car-dependent and somewhat bikeable with minimal transit options. Riverdale has 3 parks for recreational activities. It is fairly sparse in population with 3.2 people per acre and a median age of 33. The average household income is $29,177 which is below the national average. College graduates make up 3.9% of residents. A majority of residents in Riverdale are renters, with 58.1% of residents renting and 41.9% of residents owning their home. A
local real estate agent serving Riverdale can help you decide if this neighborhood is the right one for you. Learn more on our
Riverdale neighborhood guide.
Is Riverdale, VA a safe neighborhood?
Riverdale, VA is less safe than the average neighborhood in the United States. It received a crime score of 8 out of 10.
How much do you need to make to afford a house in Riverdale?
The median home price in Riverdale is $350,000. If you put a 20% down payment of $70,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,810 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $78K a year to afford the median home price in Riverdale. The average household income in Riverdale is $29K.
What are the best public schools in Riverdale?
The best public schools that serve Riverdale are:
What are the most popular zip codes in Riverdale, Roanoke, VA?
What are the most popular neighborhoods near Riverdale, Roanoke, VA?
Are home prices dropping in Riverdale?
Yes, home prices in Riverdale are down 17% in the last 12 months.
Home Trends in Riverdale, VA
On average, homes in Riverdale, Roanoke sell after 53 days on the market compared to the national average of 70 days. The median sale price for homes in Riverdale, Roanoke over the last 12 months is $338,000, down 6% from the median home sale price over the previous 12 months.
Median Sale Price
$338,000
Median Single Family Sale Price
$608,226
Median Townhouse Sale Price
$263,000
Average Price Per Sq Ft
$175
Number of Homes for Sale
2
Last 12 months Home Sales
15
Median List Price
$350,000
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
-6%