Ridgefield appreciation rates and housing market information

Ridgefield housing market information

With 2,209 people, 794 houses or apartments, and a median cost of homes of $325,802, 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 85.14% of the city's housing units. Other types of housing that are prevalent in Ridgefield include duplexes, homes converted to apartments, or other small apartment buildings (6.17%), mobile homes or trailers (4.41%), row houses and other attached homes (3.53%), and a few large apartment complexes or high rise apartments (0.76%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Ridgefield. Owner-occupied housing accounts for 69.14% of Ridgefield's homes, and 63.47% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ridgefield 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 Ridgefield built from 1939 and earlier (25.83%). A lesser amount of the housing stock also hails from 1940-1969 (21.91%), and some were built from 1995 and later (21.91%).

Ridgefield home appreciation rates

In the last 10 years, Ridgefield has experienced some of the highest home appreciation rates of any community in the nation. Ridgefield real estate appreciated 146.97% over the last ten years, which is an average annual home appreciation rate of 14.69%, putting Ridgefield in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ridgefield definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Ridgefield home appreciation rates, at 1.04%, have been at or slightly above the national average. In the latest quarter, Ridgefield's appreciation rate has been 0.67%, which annualizes to a rate of 2.68%.

Relative to Washington, our data show that Ridgefield's latest annual appreciation rate is higher than 62% of the other cities and towns in Washington.