Why Live in Riva
Riva is a waterfront neighborhood in Anne Arundel County, known for its scenic views of the South River and proximity to Annapolis. The area features a mix of home styles, including modest ranches, red-brick colonials, split levels, and luxurious waterfront estates, some with private docks. The neighborhood is highly walkable, with tree-lined streets and cul-de-sacs. Local amenities include Mike's Restaurant & Crabhouse, offering riverside dining, and Riva Gardens & Farm Market for fresh produce and gardening supplies. For more extensive shopping and dining options, residents can visit the Festival at Riva across the bridge in Annapolis. Riva Area Park provides nearly 60 acres of green space, including a baseball field, basketball court, playground, and walking trails. Boating and fishing are popular activities, with the Annapolis Landing Community Marina available for boat storage. The neighborhood is safer than the national average, making it a comfortable place to live. Education is well-regarded, with students attending Central Elementary, Central Middle School, and South River High School, all of which have high ratings. Commuters can reach central Annapolis in about 15 minutes, while trips to Baltimore or Washington, D.C. take 45 minutes to an hour. Nearby Edgewater offers additional attractions, such as Historic London Town and Gardens, featuring an 18th-century tobacco barn, carpenter's shop, and vibrant gardens.
Frequently Asked Questions
What is the average home price in Riva, MD?
Homes for sale in Riva, MD have an average home price of $619,488.
Are home prices dropping in Riva?
Yes, home prices in Riva are down 9% in the last 12 months.
How many homes have sold over the last 12 months in Riva, MD?
31 homes have sold in Riva, MD over the last 12 months.
What are the most popular zip codes in Riva, MD?
How much do you need to make to afford a house in Riva?
The median home price in Riva is $539,350. If you put a 20% down payment of $107,900 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $2,800 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $120K a year to afford the median home price in Riva.
How are the schools in Riva, MD?
Home Trends in Riva, MD
On average, homes in Riva, MD sell after 23 days on the market compared to the national average of 50 days. The median sale price for homes in Riva, MD over the last 12 months is $535,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$535,000
Median Single Family Sale Price
$575,000
Median Townhouse Sale Price
$519,000
Average Price Per Sq Ft
$267
Number of Homes for Sale
9
Last 12 months Home Sales
31
Median List Price
$539,350
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-1%
