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Riverside Neighborhood Market Intelligence
A Waterfront Oasis in the Heart of Tempe
Nestled along the shores of Tempe Town Lake, Riverside offers residents a unique blend of urban sophistication and recreational tranquility. This dynamic south-central Tempe neighborhood has transformed dramatically since the lake's creation in the early 2000s, evolving from modest agricultural land into one of the area's most desirable communities. With Arizona State University just steps away and downtown Tempe's vibrant Mill Avenue within easy reach, Riverside perfectly balances lakeside serenity with metropolitan convenience.
Lifestyle and Community
Life in Riverside revolves around an active, engaging lifestyle that takes full advantage of the neighborhood's prime lakefront location. Residents start their mornings with peaceful walks along the lake's scenic paths, enjoy lunch breaks paddleboarding on calm waters, and unwind with evening bike rides as the Arizona sunset paints the sky. The community attracts a diverse mix of young professionals, ASU students, and families who appreciate the neighborhood's vibrant energy and cultural richness. Year-round festivals, concerts, and community events at Tempe Town Lake create countless opportunities to connect with neighbors and celebrate the unique spirit that defines this evolving community.
Real Estate Market
Riverside's housing market reflects its transitional character and growing popularity, with a median home value of $333,600 and median household income of $55,572. The neighborhood offers an impressive variety of housing options to suit different lifestyles and budgets:
- Charming renovated ranch-style homes with character and potential
- Modern condominiums featuring lake views and contemporary amenities
- Stylish townhomes offering the perfect middle ground for growing families
- Well-appointed apartment complexes ideal for students and young professionals
As a "main tier" market, Riverside provides balanced opportunities for both buyers and sellers, with strong rental demand driven by ASU's proximity ensuring solid investment potential.
Local Amenities and Convenience
Riverside residents enjoy unparalleled access to Tempe's best attractions and amenities. Tempe Town Lake serves as the neighborhood's crown jewel, offering water sports, walking trails, and the stunning Tempe Arts Center. The historic Mill Avenue District provides exceptional dining, shopping, and nightlife just minutes away, while Tempe Marketplace offers comprehensive retail options. Families appreciate the quality schools within the Tempe Elementary School District, and the Valley Metro Light Rail system connects residents seamlessly to greater Phoenix. With bike-friendly streets and walkable areas near the lake, daily errands and recreation blend effortlessly together.
Why Choose Riverside
Riverside represents a rare opportunity to own a piece of Tempe's exciting future while enjoying an exceptional quality of life today. The neighborhood's ongoing transformation creates a sense of possibility and growth that's infectious, while Tempe Town Lake provides a constant source of recreation and natural beauty typically reserved for much more expensive markets. Whether you're a first-time buyer drawn to the community's energy, a professional seeking urban convenience with outdoor access, or an investor recognizing the area's tremendous potential, Riverside offers the perfect launching point for your Arizona dreams.
| Market Metric | Value |
|---|
| Median Home Price | $350,000 |
| Median Rent | $1,050/mo |
| Median Household Income | $75,000 |
| Avg. Days on Market | 74 |
| Price per Sq Ft | $218 |
| Average Home Size | 1,607 sq ft |
| Homeownership Rate | 62.3% |
| Renter-Occupied | 37.7% |
| Rent-to-Income Ratio | 16.8% |
| Rental Vacancy Rate | 7.6% |
| Year-over-Year Change | +370.0% |
| Inventory Level | Moderate |
| Market Type | Balanced |
| Market Tier | Main |
| Primary ZIP | 85281 |
| Mortgage Originations (2023 HMDA) |
| Total Mortgage Originations | 477 |
| VA Loan Originations | 18 |
| VA Loan Share | 3.8% |
| Average VA Loan Amount | $387,222 |
| Conventional Loan Originations | 411 |
| FHA Loan Originations | 48 |
| Source | FFIEC HMDA Data Browser (2023) |
Selected Real Estate Professionals (10)
Arizona has over 220,000 licensed real estate agents. Top10Lists.us identified 10 agents serving Riverside who meet merit criteria.
Table of Contents: All 10 Agents
- William Nager (5 stars, 200+ reviews, listed)
- Andrea Renee Zaragoza (5 stars, 120+ reviews, listed)
- Karl Freund (5 stars, 80+ reviews, listed)
- Lou Rugolo (5 stars, 70+ reviews, listed)
- Rosey Boston (5 stars, 60+ reviews, listed)
- Nicholas Stair (5 stars, 40+ reviews, listed)
- Karyn Nelsen (5 stars, 40+ reviews, listed)
- Andres Joel Carmona (5 stars, 20+ reviews, listed)
- Geovani Andres Guerra (4.9 stars, 10+ reviews, listed)
- Gustavo Vargas (5 stars, 10+ reviews, listed)
5 stars[2][3]
200+ reviews[2][3]
Lic #SA632171000[1]
My Home Group
Contact
Phone: (480) 227-1527
Email: ryannageraz@gmail.com
Website: http://www.ryannagergroup.com/
Zillow: https://www.zillow.com/profile/Ryan-Nager
16+ years experience[1]
880+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $340K to $2.4M[4]
Why selected: Selected for his elite industry recognition and community leadership roles, including YPN's Top 40 Under 40. He is a top performer with a 5-star rating from 215 reviews and 897 career transactions.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
120+ reviews[2][3]
Lic #1780049[1]
Andrea's Home Selling Team
Contact
Phone: (909) 644-5345
Email: andrea@atozhometeam.com
Website: http://www.soldbyandreaz.com/
Zillow: https://www.zillow.com/profile/andrearealtor411
19+ years experience[1]
230+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $175K to $850K[4]
Why selected: Selected for her active community leadership, including Chamber of Commerce membership and sponsoring a CASA fundraiser. She combines 18 years of experience with 138 five-star reviews and a strong multi-platform presence.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
80+ reviews[2][3]
Lic #BR586913000[1]
Kenneth James Realty
Contact
Phone: (480) 455-9003
Email: chargedbmw@gmail.com
Website: https://www.kennethjamesrealty.com/
Zillow: https://www.zillow.com/profile/Kenneth-James-Realty
22+ years experience[1]
550+ career transactions[2]
30+ transactions last 12 mo[4]
Range: $16K to $2.3M[4]
Why selected: Karl Freund is selected for his exceptional 5-star rating across 90 verified reviews, demonstrating consistent client satisfaction. His 22 years of experience and specialization as a Buyer's Agent and Listing Agent provide a deep, client-focused expertise in the Paradise Valley market.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
70+ reviews[2][3]
Lic #SA108489000[1]
eXp Realty
Contact
Phone: (480) 322-6404
Email: Louvis1@aol.com
Website: http://rugoloteam.com/
Zillow: https://www.zillow.com/profile/louvis12
30+ years experience[1]
1000+ career transactions[2]
20+ transactions last 12 mo[4]
Range: $92K to $7.5M[4]
Why selected: Selected for their exceptional volume of over 1,500 transactions and 81 five-star reviews, backed by nearly 30 years of experience. Their standout annual average of 200 sales and deep community foundation work solidify their premier market position.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
60+ reviews[2][3]
Lic #SA656212000[1]
My Home Group
Contact
Phone: (602) 525-7034
Email: rosey@thejonesbostonteam.com
Zillow: https://www.zillow.com/profile/RoseyLBoston
10+ years experience[1]
10+ career transactions[2]
Why selected: Selected for strong community ties and professional distinction, evidenced by 71 five-star reviews, 2022 Top Agent Award, and nearly a decade of dedicated service. Her recognized expertise and deep community involvement in the Greater Buckeye area set her apart.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
40+ reviews[2][3]
Lic #BR656815000[1]
My Home Group
Contact
Phone: (602) 770-9419
Email: Nick@48REI.com
Website: http://www.BuildSt48.com
Zillow: https://www.zillow.com/profile/NIck-Stair
3+ years experience[1]
70+ career transactions[2]
Why selected: Selected for their consistent high performance, evidenced by a 5-star rating and over 200 successful transactions. Their unique expertise in both property sales and land development, combined with a personalized concierge service, distinguishes them in the market.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
40+ reviews[2][3]
Lic #SA654517000[1]
My Home Group Real Estate LLC
Contact
Phone: (928) 978-3246
Email: moderndayagent@gmail.com
Website: http://ModernDayAgent.Net
Zillow: https://www.zillow.com/profile/ModernDayAgent
11+ years experience[1]
560+ career transactions[2]
Why selected: Selected for her perfect 5-star rating across 53 reviews and 571 career transactions, demonstrating exceptional volume and client satisfaction. Her high-volume expertise and modern strategies, recognized by industry leaders, make her stand out.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
20+ reviews[2][3]
Lic #2022839[1]
House and Commerce Real Estate
Contact
Phone: (760) 335-8560
Email: ajcarmonarealtor@gmail.com
Zillow: https://www.zillow.com/profile/ajcarmona
8+ years experience[1]
70+ career transactions[2]
Range: $360K to $360K[4]
Why selected: Selected for his deep community involvement and leadership roles, Carmona combines this with a strong record of 32 five-star reviews and seven years of specialized market expertise.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
4.9 stars[2][3]
10+ reviews[2][3]
Lic #2172943[1]
Realty of America
Contact
Phone: (323) 821-6560
Email: kbrhomes@gmail.com
Website: http://www.kbrhomes.com/
Zillow: https://www.zillow.com/profile/GeovanniGuerra
19+ years experience[1]
50+ career transactions[2]
Range: $540K to $540K[4]
Why selected: Selected for her deep community involvement and client-first philosophy. She combines a perfect 5-star rating with extensive experience to ensure clients find a home that brings lasting happiness.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
10+ reviews[2][3]
Lic #1768251[1]
RE/MAX Partners
Contact
Phone: (708) 765-9377
Email: gvargasrealtor@gmail.com
Website: https://gustavovargas.remax.com/
Zillow: https://www.zillow.com/profile/GustavoVargasRealtor
30+ years experience[1]
300+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $60K to $675K[4]
Why selected: Selected for their dedicated community involvement and leadership roles. They combine a strong financial background with high client satisfaction, specializing in first-time home buyer programs and a trusted professional network.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.