Ridge, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ridge Neighborhoods Since 2000




Ridge, NY 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Ridge Housing Market Information

With a population of 13,421, 5,342 total housing units (homes and apartments), and a median house value of $299,767, Ridge real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ridge, accounting for 59.36% of the town's housing units. Other types of housing that are prevalent in Ridge include row houses and other attached homes ( 19.83%), large apartment complexes or high rise apartments ( 13.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.36%).

Dwellings in Ridge tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 53.93% of the homes in Ridge have two or fewer bedrooms.

There is a lot of housing in Ridge 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 Ridge built between 1940-1969 ( 15.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.65%).

Vacant housing appears to be an issue in Ridge. Fully 13.38% of the housing stock is classified as vacant. Left unchecked, vacant Ridge homes and apartments can be a drag on the real estate market, holding Ridge 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.

Ridge Home Appreciation Rates

Homes have actually lost value in Ridge over the last then years, as home values have seen a decline of 20.55% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ridge home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Ridge's appreciation rate, at 5.15%, has been at or slightly above the national average. In the latest quarter, Ridge's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Ridge's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$299,767

Ridge, NY HOME PRICES

Value Range
> $1,076,000 0.4
$807,001 - $1,076,000 0.1
$538,001 - $807,000 4.2
$430,001 - $538,000 10.3
$323,001 - $430,000 25.4
$215,001 - $323,000 37.1
$108,001 - $215,000 16.8
$54,001 - $108,000 4.7
$0 - $54,000 0.9

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
16.3072776280323 32.3232323232323

Number Of Homes And Apartments:
5,342

Ridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
63.05% 2.87% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,184 / per month

Homeownership Rate

Homeownership
Owners 84.70
Renters 15.30
Vacant 13.38

Housing Market Details

 

Age of Homes

AGE OF Ridge HOMES
2000 or Newer 6.6
1970 - 1999 77.5
1940 - 1969 15.2
1939 or Older 0.6

Types of Homes

TYPE OF Ridge HOMES
Single-Family 59.4
Townhomes 19.8
Small Apt. Buildings 7.4
Apt. Complexes 13.0
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Ridge HOMES
No Bedroom 0.50
1 Bedroom 7.48
2 Bedrooms 45.95
3 Bedrooms 26.04
4 Bedrooms 16.93
5 or more bedrooms 3.10