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.
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%