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
With a population of 28,780, 11,037 total housing units (homes and apartments), and a median house value of $212,879, 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 67.90% 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 ( 16.59%), large apartment complexes or high rise apartments ( 5.63%), and a few mobile homes or trailers ( 5.49%).
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 59.47% owning and 40.53% 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 ( 21.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.47%). There's also some housing in Ridgecrest built before 1939 ( 1.72%).
Vacant housing appears to be an issue in Ridgecrest. Fully 13.22% 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'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 -1.41%, which is lower than 80% of US communities.
Appreciation rates are so strong in Ridgecrest that despite a nationwide downturn in the housing market, Ridgecrest real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ridgecrest appreciation rates continue to be some of the highest in America, at 9.73%, which is higher than appreciation rates in 93.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ridgecrest. Ridgecrest appreciation rates in the latest quarter were at -0.13%, which equates to an annual appreciation rate of -0.52%.
Relative to California, our data show that Ridgecrest's latest annual appreciation rate is higher than 80% 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.
|$887,001 - $1,182,000||0.2|
|$591,001 - $887,000||0.9|
|$473,001 - $591,000||0.9|
|$355,001 - $473,000||6.9|
|$237,001 - $355,000||23.4|
|$118,001 - $237,000||45.0|
|$59,001 - $118,000||14.7|
|$0 - $59,000||7.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Ridgecrest HOMES|
|2000 or Newer||6.5|
|1970 - 1999||70.7|
|1940 - 1969||21.1|
|1939 or Older||1.7|
|TYPE OF Ridgecrest HOMES|
|Small Apt. Buildings||16.6|
|SIZE OF Ridgecrest HOMES|
|5 or more bedrooms||1.83|