Ridgefield, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ridgefield Neighborhoods Since 2000




Ridgefield, WA 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

Ridgefield Housing Market Information

With a population of 6,455, 1,893 total housing units (homes and apartments), and a median house value of $396,498, Ridgefield house prices are not only among the most expensive in Washington, Ridgefield real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Ridgefield, accounting for 92.80% of the city's housing units. Other types of housing that are prevalent in Ridgefield include row houses and other attached homes ( 3.85%), mobile homes or trailers ( 1.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ridgefield. Owner-occupied housing accounts for 70.79% of Ridgefield's homes, and 71.99% have either three or four bedrooms, which is average sized relative to America.

Ridgefield homes and real estate are some of the newest in America. 60.36% of Ridgefield's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Ridgefield real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 21.15%), and between 1940-1969 ( 12.67%). There's also some housing in Ridgefield built before 1939 ( 5.82%).

Ridgefield Home Appreciation Rates

Real estate appreciation rates in Ridgefield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.41% during the period.

Appreciation rates are so strong in Ridgefield that despite a nationwide downturn in the housing market, Ridgefield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ridgefield appreciation rates continue to be some of the highest in America, at 8.81%, which is higher than appreciation rates in 90.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ridgefield. Ridgefield appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.

Importantly, this makes Ridgefield one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Washington, our data show that Ridgefield's latest annual appreciation rate is lower than 60% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$396,498

Ridgefield, WA HOME PRICES

Value Range
> $1,324,000 0.8
$993,001 - $1,324,000 0.2
$662,001 - $993,000 10.3
$530,001 - $662,000 10.6
$397,001 - $530,000 28.9
$265,001 - $397,000 32.3
$132,001 - $265,000 15.4
$66,001 - $132,000 0.7
$0 - $66,000 0.8

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
9.62732919254658 19.5035460992908

Number Of Homes And Apartments:
1,893

Ridgefield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
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
68.07% 3.06% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,180 / per month

Homeownership Rate

Homeownership
Owners 70.79
Renters 29.21
Vacant 6.66

Housing Market Details

 

Age of Homes

AGE OF Ridgefield HOMES
2000 or Newer 60.4
1970 - 1999 21.2
1940 - 1969 12.7
1939 or Older 5.8

Types of Homes

TYPE OF Ridgefield HOMES
Single-Family 92.8
Townhomes 3.8
Small Apt. Buildings 1.1
Apt. Complexes 0.0
Mobile Homes 1.7
Other 0.5

Home Size

SIZE OF Ridgefield HOMES
No Bedroom 0.54
1 Bedroom 0.00
2 Bedrooms 13.36
3 Bedrooms 42.95
4 Bedrooms 29.04
5 or more bedrooms 14.10