Ridgefield, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Ridgefield, CT Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ridgefield Housing Market Information

With a population of 25,187, 9,089 total housing units (homes and apartments), and a median house value of $674,890, Ridgefield house prices are not only among the most expensive in Connecticut, Ridgefield real estate also is some of the most expensive in all of America.

Ridgefield is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Ridgefield than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ridgefield. Owner-occupied housing accounts for 83.66% of Ridgefield's homes, and 63.19% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ridgefield 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 Ridgefield built between 1940-1969 ( 39.07%). A lesser amount of the housing stock also hails from before 1939 ( 9.46%). There's also some housing in Ridgefield built between 2000 and later ( 9.28%).

Ridgefield Home Appreciation Rates

Ridgefield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ridgefield during the period has been just -0.60%, which is lower than 80% of US communities.

Over the last year, Ridgefield appreciation rates have trailed the rest of the nation. In the last twelve months, Ridgefield's appreciation rate has been 2.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ridgefield were at 0.88%, which equates to an annual appreciation rate of 3.58%.

Relative to Connecticut, our data show that Ridgefield's latest annual appreciation rate is higher than 50% of the other cities and towns in Connecticut.

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

Average Home Values

 

Median Home Value:
$674,890

Ridgefield, CT HOME PRICES

Value Range
> $1,040,000 19.6
$780,001 - $1,040,000 20.2
$520,001 - $780,000 32.7
$416,001 - $520,000 11.6
$312,001 - $416,000 8.0
$208,001 - $312,000 4.4
$104,001 - $208,000 1.7
$52,001 - $104,000 0.5
$0 - $52,000 1.3

Very High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
3.5036496350365 4.14201183431953

Number Of Homes And Apartments:
9,089

Ridgefield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
31.33% 1.43%
5
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,334 / per month

Homeownership Rate

Homeownership
Owners 83.66
Renters 16.34
Vacant 5.76

Housing Market Details

 

Age of Homes

AGE OF Ridgefield HOMES
2000 or Newer 9.3
1970 - 1999 42.2
1940 - 1969 39.1
1939 or Older 9.5

Types of Homes

TYPE OF Ridgefield HOMES
Single-Family 80.3
Townhomes 3.5
Small Apt. Buildings 6.4
Apt. Complexes 9.3
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Ridgefield HOMES
No Bedroom 1.58
1 Bedroom 7.44
2 Bedrooms 15.29
3 Bedrooms 25.17
4 Bedrooms 38.02
5 or more bedrooms 12.49