Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 13,271, 5,668 total housing units (homes and apartments), and a median house value of $537,554, Ridge real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Ridge, accounting for 63.38% of the town's housing units. Other types of housing that are prevalent in Ridge include row houses and other attached homes ( 22.11%), large apartment complexes or high rise apartments ( 7.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.41%).
Dwellings in Ridge tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 57.25% of the homes in Ridge have two or fewer bedrooms.
There is a lot of housing in Ridge built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ridge built between 1940-1969 ( 15.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.20%). There's also some housing in Ridge built before 1939 ( 3.05%).
Appreciation rates for homes in Ridge have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.49%, which ranks in the top 40% nationwide. This equates to an annual average Ridge house appreciation rate of 7.10%.
Appreciation rates are so strong in Ridge that despite a nationwide downturn in the housing market, Ridge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ridge appreciation rates continue to be some of the highest in America, at 9.66%, which is higher than appreciation rates in 85.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ridge. Ridge appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New York, our data show that Ridge's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.
$537,554
for New york
for nation
5,668
$3,550 / per month