Ridgway, CO has seen a tremendous increase in housing median value over the past year. The median value of houses in Ridgway is currently $776,200, which is more than double the US house median value of $338,100. This substantial increase can be largely attributed to the 1 year appreciation rate for houses in Ridgway having been 20.57%, much higher than the US 1 year house appreciation rate of 8.27%. It appears that Ridgway's housing market is booming and looks set to continue its success into the future.
The median home cost in Ridgway is $776,200. Home appreciation the last 10 years has been 104.1%. Home Appreciation in Ridgway is up 17.7%.
Average Age of Homes
- The median age of Ridgway real estate is 16 years old
The Rental Market in Ridgway
- Renters make up 29.5% of the Ridgway population
- 2.8% of houses and apartments in Ridgway, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.