Ridgely, MD is a great place to live, with the median value of its homes being $295,400. This is slightly below the US House Median Value of $338,100 but still relatively high when compared to other areas. The US 1 year house appreciation is 8.27%, while Ridgely has seen an even greater appreciation of 9.21% over the same time period. This shows that housing in Ridgely has seen a high rate of growth in recent years and it is likely to continue into the future. With its attractive median value and high appreciation rate, Ridgely is an excellent place for people looking to invest or purchase property.
The median home cost in Ridgely is $295,400. Home appreciation the last 10 years has been 56.7%. Home Appreciation in Ridgely is up 14.5%.
Average Age of Homes
- The median age of Ridgely real estate is 37 years old
The Rental Market in Ridgely
- Renters make up 21.6% of the Ridgely population
- 0.0% of houses and apartments in Ridgely, 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.