River Ridge appreciation rates and housing market information

River Ridge housing market information

With 14,601 people, 6,338 houses or apartments, and a median cost of homes of $281,688, River Ridge real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in River Ridge, accounting for 73.52% of the town's housing units. Other types of housing that are prevalent in River Ridge include large apartment complexes or high rise apartments (17.99%), duplexes, homes converted to apartments, or other small apartment buildings (4.94%), mobile homes or trailers (2.02%), and a few row houses and other attached homes (1.53%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in River Ridge. Owner-occupied housing accounts for 68.62% of River Ridge's homes, and 63.03% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. River Ridge's housing was primarily built during this period, from the '40s through the '60s. A full 57.54% of the town's housing hails from this era. Other housing ages represented in River Ridge include homes built between 1970-1994 (37.99%), and housing constructed from 1995 and later (3.19%). There's also some housing in River Ridge built between 1939 and earlier (1.28%).

River Ridge home appreciation rates

Real estate appreciation rates in River Ridge have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.51% during the period.

NeighborhoodScout's data show that during the latest twelve months, River Ridge home appreciation rates, at -0.36%, have been at or slightly above the national average. In the latest quarter, River Ridge's appreciation rate has been -0.12%, which annualizes to a rate of -0.48%.

Relative to Louisiana, our data show that River Ridge's latest annual appreciation rate is higher than 33% of the other cities and towns in Louisiana.