Ridgewood, NJ is a great place to live with a median housing value of $898,200. This is significantly higher than the national median housing value of $338,100, indicating that Ridgewood is an affluent area. The national one year appreciation rate for housing is 8.27%, while Ridgewood's appreciation rate was slightly lower at 7.56%. This indicates that although the housing market in Ridgewood is strong, it may not be appreciating as quickly as other areas of the country.
The median home cost in Ridgewood is $898,200. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Ridgewood is up 12.7%.
Average Age of Homes
- The median age of Ridgewood real estate is 70 years old
The Rental Market in Ridgewood
- Renters make up 20.3% of the Ridgewood population
- 0.6% of houses and apartments in Ridgewood, 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.