Expensive
Affordable
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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 $82,934, lower than the Tennessee average of $315,131.
The average cost of rent is $592/mo in Ridgely, primarily driven by the current value of real estate in the Ridgely area. In Ridgely, 56.21% of households rent, and 53.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ridgely is $3,080 per month. Households that rent pay about 19.22% of their income on rent here. Ridgely’s most expensive areas are in the southern 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
- Madie, TN: higher priced homes
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- Tiptonville, TN: higher priced homes
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- Millsfield, TN: higher priced homes
- Hornbeak, TN: higher priced homes
Cities with Similar Populations
- Thorp, WA: higher priced homes
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- Sumerduck, VA: higher priced homes
- Taylors Falls, MN: higher priced homes
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