Ridgeland appreciation rates and housing market information

Ridgeland housing market information

With 20,115 people, 9,944 houses or apartments, and a median cost of homes of $188,152, Ridgeland real estate is some of the most expensive in Mississippi, although Ridgeland home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Ridgeland, accounting for 45.01% of the city's housing units. Other types of housing that are prevalent in Ridgeland include large apartment complexes or high rise apartments (34.28%), duplexes, homes converted to apartments, or other small apartment buildings (12.35%), mobile homes or trailers (4.38%), and a few row houses and other attached homes (3.50%).

People in Ridgeland primarily live in small (one, two, or no bedroom) single-family detached homes. Ridgeland has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Ridgeland built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ridgeland built from 1995 and later (22.01%). A lesser amount of the housing stock also hails from 1940-1969 (6.01%), and some were built from 1939 and earlier (6.01%).

Ridgeland home appreciation rates

Real estate appreciation rates in Ridgeland have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.47% during the period.

NeighborhoodScout's data show that during the latest twelve months, Ridgeland home appreciation rates, at 1.89%, have been at or slightly above the national average. In the latest quarter, Ridgeland's appreciation rate has been 0.44%, which annualizes to a rate of 1.76%.

Relative to Mississippi, our data show that Ridgeland's latest annual appreciation rate is higher than 58% of the other cities and towns in Mississippi.