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 14,251, 3,848 total housing units (homes and apartments), and a median house value of $644,624, real estate costs in Ridgefield are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.
Single-family detached homes are the single most common housing type in Ridgefield, accounting for 82.24% of the city's housing units. Other types of housing that are prevalent in Ridgefield include row houses and other attached homes ( 10.36%), large apartment complexes or high rise apartments ( 3.70%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.28%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ridgefield. Owner-occupied housing accounts for 81.56% of Ridgefield's homes, and 81.58% have either three or four bedrooms, which is average sized relative to America.
Ridgefield homes and real estate are some of the newest in America. 78.76% of Ridgefield's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Ridgefield real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 14.55%), and between 1940-1969 ( 3.75%). There's also some housing in Ridgefield built before 1939 ( 2.94%).
Appreciation rates for homes in Ridgefield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.36%, which ranks in the top 40% nationwide. This equates to an annual average Ridgefield house appreciation rate of 7.25%.
Over the last year, Ridgefield appreciation rates have trailed the rest of the nation. In the last twelve months, Ridgefield's appreciation rate has been -1.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ridgefield were at 2.13%, which equates to an annual appreciation rate of 8.81%.
Relative to Washington, our data show that Ridgefield's latest annual appreciation rate is lower than 80% of the other cities and towns in Washington.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ridgefield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ridgefield - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ridgefield real estate investment or home purchase decisions.
$644,624
$3,026 / per month