Total monthly cost of ownership
Cost to Own a Home in Riverside, Utah
A $381,000 home here costs
$2,697per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,959. The real number is $739 higher every month — 38% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Riverside against Box Elder County and Utah
| Measure | Riverside | Box Elder County |
|---|---|---|
| Median home value | $380,600 | $357,400 |
| Median property tax | $2,150 | $1,828 |
| Effective tax rate | 0.565% | 0.511% |
| Median gross rent | — | $1,028 |
| Population | 1,238 | 59,725 |
The weather behind that power bill
Riverside sits in Box Elder County, which averages a high of 89.7°F in its hottest month and a low of 14.9°F in its coldest, with 13.77" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 617 cooling and 7,093 heating degree days, which is what sets the $117 electricity line above.
See the full climate breakdown for Box Elder County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Box Elder County
Common questions
How much does it cost to own a home in Riverside?
A $381,000 home in Riverside, Utah costs approximately $2,697 per month with 20% down at 6.66%. That is $1,959 principal and interest, $179 property tax, $57 homeowners insurance, $185 utilities and $318 set aside for maintenance.
What is the property tax rate in Riverside?
Riverside has an effective property tax rate of 0.565%, based on a median home value of $380,600 and median real estate taxes of $2,150. That is higher than the Box Elder County average of 0.511%.
What is the average home price in Riverside?
The median owner-occupied home value in Riverside, Utah is $380,600, against $357,400 across Box Elder County.
Is it cheaper to rent or buy in Riverside?
Rent data is not published for Riverside at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Riverside — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Utah.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.