Ridgecrest, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ridgecrest Neighborhoods Since 2000




Ridgecrest, CA Real Estate Data


Ridgecrest Housing Market Information

With 28,780 people, 10,948 houses or apartments, and a median cost of homes of $186,474, Ridgecrest real estate values are some of the lowest in California, although compared to real estate around the nation, Ridgecrest homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Ridgecrest, accounting for 67.57% of the city's housing units. Other types of housing that are prevalent in Ridgecrest include duplexes, homes converted to apartments or other small apartment buildings ( 16.58%), large apartment complexes or high rise apartments ( 6.38%), and a few mobile homes or trailers ( 5.04%).

The most prevalent building size and type in Ridgecrest are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.92% owning and 40.08% renting.

There is a lot of housing in Ridgecrest built from 1970 to 1999 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 Ridgecrest built between 1940-1969 ( 20.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.92%).

Vacant housing appears to be an issue in Ridgecrest. Fully 12.65% of the housing stock is classified as vacant. Left unchecked, vacant Ridgecrest homes and apartments can be a drag on the real estate market, holding Ridgecrest real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Ridgecrest Home Appreciation Rates

Ridgecrest's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ridgecrest during the period has been just -1.86%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Ridgecrest's appreciation rate, at 4.45%, has been at or slightly above the national average. In the latest quarter, Ridgecrest's appreciation rate has been -0.28%, which annualizes to a rate of -1.11%.

Notably, Ridgecrest's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Ridgecrest's latest annual appreciation rate is lower than 90% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ridgecrest differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ridgecrest - 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 Ridgecrest real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$186,474

Ridgecrest, CA HOME PRICES

Value Range
> $1,088,000 0.2
$816,001 - $1,088,000 0.0
$544,001 - $816,000 0.8
$435,001 - $544,000 1.3
$326,001 - $435,000 6.1
$218,001 - $326,000 25.2
$109,001 - $218,000 46.8
$54,001 - $109,000 11.5
$0 - $54,000 8.0

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
37.0556889383381 89.8282694848085

Number Of Homes And Apartments:
10,948

Rent & Ownership

 

Average Market Rent:
$1,099 / per month

Homeownership Rate

Homeownership
Owners 59.92
Renters 40.08
Vacant 12.65

Housing Market Details

 

Age of Homes

AGE OF Ridgecrest HOMES
2000 or Newer 5.9
1970 - 1999 72.8
1940 - 1969 20.7
1939 or Older 0.6

Types of Homes

TYPE OF Ridgecrest HOMES
Single-Family 67.6
Townhomes 4.2
Small Apt. Buildings 16.6
Apt. Complexes 6.4
Mobile Homes 5.0
Other 0.3

Home Size

SIZE OF Ridgecrest HOMES
No Bedroom 1.30
1 Bedroom 4.98
2 Bedrooms 19.60
3 Bedrooms 49.67
4 Bedrooms 22.02
5 or more bedrooms 2.43

Ridgecrest Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
122.90% 4.83% 9 10
* 10 is highest