Ridgely, TN (38080) has seen a steady increase in housing value over the past year. The median value of housing in Ridgely is currently $76,500, almost one-third that of the US median of $338,100. However, Ridgely's 1 year house appreciation rate is 15.27%, nearly double that of the US rate at 8.27%. This suggests that Ridgely is becoming an increasingly attractive area to invest in real estate; with its low median cost and high appreciation rate, homeowners have the potential for significant returns on their investment.
The median home cost in Ridgely (zip 38080) is $76,500. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Ridgely (zip 38080) is up 20.2%.
Average Age of Homes
- The median age of Ridgely (zip 38080) real estate is 45 years old
The Rental Market in Ridgely (zip 38080)
- Renters make up 40.1% of the Ridgely (zip 38080) population
- 3.2% of houses and apartments in Ridgely (zip 38080), 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.