Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 3,781, 1,073 total housing units (homes and apartments), and a median house value of $227,326, house prices in Ridgeland are solidly below the national average.
Single-family detached homes are the single most common housing type in Ridgeland, accounting for 58.18% of the town's housing units. Other types of housing that are prevalent in Ridgeland include mobile homes or trailers ( 17.13%), large apartment complexes or high rise apartments ( 15.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.92%).
The most prevalent building size and type in Ridgeland are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 43.96% owning and 56.04% renting.
Ridgeland homes and real estate are some of the newest in America. 38.04% of Ridgeland's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Ridgeland real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.44%), and between 1940-1969 ( 19.28%). There's also some housing in Ridgeland built before 1939 ( 10.24%).
In the last 10 years, Ridgeland has experienced some of the highest home appreciation rates of any community in the nation. Ridgeland real estate appreciated 138.23% over the last ten years, which is an average annual home appreciation rate of 9.07%, putting Ridgeland in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ridgeland definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Ridgeland that despite a nationwide downturn in the housing market, Ridgeland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ridgeland appreciation rates continue to be some of the highest in America, at 9.51%, which is higher than appreciation rates in 84.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ridgeland. Ridgeland appreciation rates in the latest quarter were at 0.52%, which equates to an annual appreciation rate of 2.09%.
Notably, Ridgeland's appreciation rate in the latest quarter is one of the lowest in America.
Relative to South Carolina, our data show that Ridgeland's latest annual appreciation rate is lower than 50% of the other cities and towns in South Carolina.
$227,326
for South carolina
for nation
1,073
$2,114 / per month