The housing market in Ridgely, MN is performing slightly below the national average. The median value of a house in Ridgely is $350,700 while the US median value is $338,100. While US houses have appreciated 8.27%, houses in Ridgely have only seen an appreciation of 6.82%. Despite this, the housing prices remain high in this community and continue to rise at a relatively steady rate.
The median home cost in Ridgely is $350,700. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Ridgely is up 11.0%.
Average Age of Homes
- The median age of Ridgely real estate is 43 years old
The Rental Market in Ridgely
- Renters make up 5.6% 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.