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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 10,319 people, 2,899 houses or apartments, and a median cost of homes of $564,875, real estate costs in Ridgefield are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.
Single-family detached homes are the single most common housing type in Ridgefield, accounting for 88.67% of the city's housing units. Other types of housing that are prevalent in Ridgefield include row houses and other attached homes ( 7.37%), duplexes, homes converted to apartments or other small apartment buildings ( 3.17%).
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 85.65% of Ridgefield's homes, and 81.30% 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. 75.30% 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 ( 15.30%), and before 1939 ( 5.20%). There's also some housing in Ridgefield built between 1940-1969 ( 4.20%).
In the last 10 years, Ridgefield has experienced some of the highest home appreciation rates of any community in the nation. Ridgefield real estate appreciated 112.69% over the last ten years, which is an average annual home appreciation rate of 7.84%, putting Ridgefield in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ridgefield definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 22.59%, which is higher than appreciation rates in 83.76% 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 8.15%, which equates to an annual appreciation rate of 36.83%.
Relative to Washington, our data show that Ridgefield's latest annual appreciation rate is lower than 80% of the other cities and towns in Washington.
One very important thing to keep in mind is that these are average appreciation rates for the city. 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.
Very High for Nation
High for WA