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These days, finding an affordable place to live in the Ridgeway area can be challenging. Home prices in Ridgeway are now at a median cost of $315,653, lower than the Minnesota average of $345,793.
The average cost of rent is $918/mo in Ridgeway, primarily driven by the current value of real estate in the Ridgeway area. In Ridgeway, 17.26% of households rent, and 52.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ridgeway is $6,979 per month. Households that rent pay about 13.15% of their income on rent here. Ridgeway’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Witoka, MN: equally priced homes
- Money Creek, MN: equally priced homes
- New Hartford, MN: equally priced homes
- Pickwick, MN: less expensive homes
- Lamoille, MN: less expensive homes
- Sugarloaf, MN: higher priced homes
- Nodine, MN: equally priced homes
- Wilson, MN: equally priced homes
- Dakota, MN: equally priced homes
- Houston, MN: less expensive homes
Cities with Similar Populations
- Oak Orchard, NY: less expensive homes
- New Marion, IN: less expensive homes
- New Offenburg, MO: less expensive homes
- New Salisbury, OH: less expensive homes
- New Scotland, NY: higher priced homes
- New Westville, OH: less expensive homes
- New Zion, KY: less expensive homes
- Newark, MO: less expensive homes
- Newport, FL: less expensive homes
- Nobe, WV: less expensive homes
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