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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 $151,165, lower than the Virginia average of $443,089.
The average cost of rent is $724/mo in Ridgeway, primarily driven by the current value of real estate in the Ridgeway area. In Ridgeway, 17.59% of households rent, and 48.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ridgeway is $5,143 per month. Households that rent pay about 14.08% of their income on rent here. Ridgeway’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Chestnut Knob, VA: higher priced homes
- Horse Pasture, VA: less expensive homes
- Irisburg, VA: less expensive homes
- Koehler, VA: less expensive homes
- Martinsville, VA: less expensive homes
- Spencer, VA: equally priced homes
- Preston, VA: less expensive homes
- Stoneville, NC: equally priced homes
- Eden, NC: less expensive homes
- Axton, VA: equally priced homes
Cities with Similar Populations
- Northumberland, PA: higher priced homes
- Old Forge, PA: higher priced homes
- Odessa, MO: higher priced homes
- Oakdale, LA: less expensive homes
- Oakdale, CT: higher priced homes
- Oak Island, NC: higher priced homes
- Oak Harbor, OH: higher priced homes
- Oak Grove, MN: higher priced homes
- Notre Dame, IN: equally priced homes
- Northwood, OH: higher priced homes
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