Ridgeway, VA


Highest Appreciating Ridgeway Neighborhoods Since 2000

Ridgeway, VA 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

Ridgeway Housing Market Information

With 708 people, 347 houses or apartments, and a median cost of homes of $96,397, house prices in Ridgeway are solidly below the national average.

Single-family detached homes are the single most common housing type in Ridgeway, accounting for 68.43% of the town's housing units. Other types of housing that are prevalent in Ridgeway include mobile homes or trailers ( 13.89%), large apartment complexes or high rise apartments ( 9.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ridgeway. Owner-occupied housing accounts for 72.05% of Ridgeway's homes, and 64.14% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ridgeway 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 Ridgeway built between 1940-1969 ( 28.28%). A lesser amount of the housing stock also hails from before 1939 ( 8.08%). There's also some housing in Ridgeway built between 2000 and later ( 6.82%).

Vacant housing appears to be an issue in Ridgeway. Fully 12.37% of the housing stock is classified as vacant. Left unchecked, vacant Ridgeway homes and apartments can be a drag on the real estate market, holding Ridgeway 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.

Ridgeway Home Appreciation Rates

Ridgeway's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ridgeway during the period has been just -0.82%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Ridgeway's appreciation rate, at 4.13%, has been at or slightly above the national average. In the latest quarter, Ridgeway's appreciation rate has been -1.60%, which annualizes to a rate of -6.23%.

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

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

Average Home Values


Median Home Value:


Value Range
> $1,007,000 0.0
$755,001 - $1,007,000 0.0
$504,001 - $755,000 0.2
$403,001 - $504,000 0.2
$302,001 - $403,000 0.9
$201,001 - $302,000 7.5
$101,001 - $201,000 39.1
$50,001 - $101,000 38.9
$0 - $50,000 13.2

Very Low for VA
Low for Nation

Value Relative to Nation Value Relative to State
79.9249970701981 89.4736842105263

Number Of Homes And Apartments:

Ridgeway Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
17.03% 0.92% 1 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$674 / per month

Homeownership Rate

Owners 72.05
Renters 27.95
Vacant 12.37

Housing Market Details


Age of Homes

2000 or Newer 6.8
1970 - 1999 56.8
1940 - 1969 28.3
1939 or Older 8.1

Types of Homes

Single-Family 68.4
Townhomes 0.5
Small Apt. Buildings 8.1
Apt. Complexes 9.1
Mobile Homes 13.9
Other 0.0

Home Size

No Bedroom 0.00
1 Bedroom 11.36
2 Bedrooms 20.96
3 Bedrooms 51.01
4 Bedrooms 13.13
5 or more bedrooms 3.54

Popular Neighborhoods in Ridgeway

Zip Codes in Ridgeway, VA