The housing market in Ridgecrest, FL is flourishing with a median value of $259,500, significantly lower than the US median value of $338,100. This is a great opportunity for homebuyers to get into a house at an affordable price. Furthermore, the 1 year house appreciation rate in Ridgecrest is 20.41%, which is more than double the national average of 8.27%. There are great opportunities for both buyers and sellers in this booming market.
The median home cost in Ridgecrest is $259,500. Home appreciation the last 10 years has been 222.8%. Home Appreciation in Ridgecrest is up 28.5%.
Average Age of Homes
- The median age of Ridgecrest real estate is 42 years old
The Rental Market in Ridgecrest
- Renters make up 33.8% of the Ridgecrest population
- 8.3% of houses and apartments in Ridgecrest, 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.