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These days, finding an affordable place to live in the Ridgely area can be challenging. Home prices in Ridgely are now at a median cost of $344,438, lower than the Maryland average of $450,578.
The average cost of rent is $1,007/mo in Ridgely, primarily driven by the current value of real estate in the Ridgely area. In Ridgely, 25.14% of households rent, and 20.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ridgely is $6,540 per month. Households that rent pay about 15.39% of their income on rent here. Ridgely’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Templeville, MD: equally priced homes
- Greensboro, MD: less expensive homes
- Hillsboro, MD: equally priced homes
- Queen Anne, MD: higher priced homes
- Goldsboro, MD: equally priced homes
- Denton, MD: less expensive homes
- Union Corner, MD: less expensive homes
- Ruthsburg, MD: higher priced homes
- Lewistown, MD: higher priced homes
- Hobbs, MD: equally priced homes
Cities with Similar Populations
- Charleston, MS: less expensive homes
- Colfax, WA: less expensive homes
- Courtland, VA: less expensive homes
- Holland, NY: less expensive homes
- Hillsboro, WI: less expensive homes
- Stockholm, NJ: equally priced homes
- Mc Alpin, FL: less expensive homes
- Moodus, CT: less expensive homes
- Mount Penn, PA: less expensive homes
- Old Fort, TN: less expensive homes
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