Ridgefield CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



map preview
Please wait, loading your map...

Highest
Lowest




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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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 25,008, 8,983 total housing units (homes and apartments), and a median house value of $668,785, 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 84.00% of Ridgefield's homes, and 61.61% 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 ( 39.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.79%). There's also some housing in Ridgefield built before 1939 ( 8.50%).

Ridgefield Home Appreciation Rates

Homes have actually lost value in Ridgefield over the last then years, as home values have seen a decline of 0.38% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ridgefield home appreciation rates at 0.16%, which equates to an annual appreciation rate of 0.65%.

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 -0.30%, 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 0.16%, which equates to an annual appreciation rate of 0.65%.

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

Relative to Connecticut, our data show that Ridgefield's latest annual appreciation rate is lower than 90% 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:
$668,785

Ridgefield, CT HOME PRICES

Value Range
> $1,009,000 17.1
$757,001 - $1,009,000 20.6
$504,001 - $757,000 33.3
$404,001 - $504,000 12.1
$303,001 - $404,000 8.6
$202,001 - $303,000 4.2
$101,001 - $202,000 2.9
$51,001 - $101,000 0.6
$0 - $51,000 0.7

Very High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
3.9007299270073 4.14201183431953

Number Of Homes And Apartments:
8,983

Ridgefield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
28.41% 1.24%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,550 / per month

Homeownership Rate

Homeownership
Owners 84.00
Renters 16.00
Vacant 6.45

Housing Market Details

 

Age of Homes

AGE OF Ridgefield HOMES
2000 or Newer 10.8
1970 - 1999 41.0
1940 - 1969 39.7
1939 or Older 8.5

Types of Homes

TYPE OF Ridgefield HOMES
Single-Family 80.6
Townhomes 3.5
Small Apt. Buildings 6.7
Apt. Complexes 8.6
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Ridgefield HOMES
No Bedroom 1.83
1 Bedroom 7.12
2 Bedrooms 15.67
3 Bedrooms 24.12
4 Bedrooms 37.49
5 or more bedrooms 13.76