Riverhead's October First-Time Homebuyer Report

Riverhead is a city that is growing faster than others in New York at a 10-year growth rate of 25.3%. It also has a larger than average population of 13,299 people. Riverhead is made up of homes that are relatively old with a median of 31 years. Topping the list of best schools in the city is Rocky Point High School.


According to Foursquare, Roanoke Vineyards and Cherry Creek Golf Club are the most popular outdoor attractions in Riverhead. You might also try Railroad Museum of Long Island, a popular destination for entertainment. Lastly, TGI Fridays, Dunkin' Donuts, and Peconic Bay Diner are well-known places to eat.

Price Range

Homes in Riverhead are generally more expensive than others in the state with a median home value of $273,100 and an average list price of $370,362. With home sales in the Riverhead market already below average, in this week's report they slid 18.2% to nine homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in Riverhead that generated the most views from potential buyers:

$275K   $299K   $369K  

Typical Dwelling

The typical dwelling in Riverhead is a three-bedroom detached home worth about $363,751. To purchase a similar home, a buyer with good credit and a $72,750 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,709 monthly payment. The property tax rate is $26.26 per $1,000 of taxable assessed value.

Get started right now by checking out Riverhead homes for sale or reviewing Riverhead real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
Jolie Powell Realty Inc
Snapped 1 home in this area
Douglas Elliman Real Estate
Snapped 4 homes in this area

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