Ridgefield, CT 06877 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ridgefield, CT—06877

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$932,000

3.0% YoY Growth

Household Income

$169,000

6.7% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

3.1%

Median Rent

$2,800

7.1% YoY Growth

1-Bed Rent

$2,200

18.2% YoY Growth

2-Bed Rent

$3,300

17.9% YoY Growth

3-Bed Rent

$4,000

17.3% YoY Growth

Home Price Trends — Ridgefield, CT

As of Dec '25, the median home price in Ridgefield, CT is $932,000, with a year-over-year change of 3.0%. This indicates that home prices in Ridgefield, CT are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$932,000	3.0%
Single Family	$998,000	4.0%
Condos	$406,000	3.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Ridgefield, CT

As of July '25, Rentcast reports the average rent in Ridgefield, CT is $3,400, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Ridgefield, CT is 1-bedrooms: $2,240, 2-bedrooms: $3,360, 3-bedrooms: $4,690, 4-bedrooms: $6,640. The most common rental property sizes in Ridgefield, CT are 1-bedroom and 2-bedroom, accounting for 43.9% and 36.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,800	$3,400
Studio Rent	N/A	N/A
1 Bed Rent	$2,200	$2,240
2 Bed Rent	$3,300	$3,360
3 Bed Rent	$4,000	$4,690
4 Bed Rent	$6,450	$6,640

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% of Rental Stock

Studio

7.5%

1 Bedroom

43.9%

2 Bedrooms

36.5%

3 Bedrooms

9.8%

4 Bedrooms

2.3%

Property Listings — Ridgefield, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Ridgefield, CT is 53. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 5.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,490,000	47.0%
Listing Count	70	15.0%
Listings as % of Homes	0.8%	15.0%
Days on Market	91	2.0%

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Demographics — Ridgefield, CT

As of the latest ACS Survey released in 2023, Ridgefield, CT has a population of 25,000, which has remained stable by -0.3% over the past 5 years. Ridgefield, CT is a moderately popular place for families, as children make up 24.7% of the population. The area has a highly educated workforce, with 71.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	25,000	-0.3%
% Under 18	24.7%	-12.4%
% Seniors	19.2%	12.9%
% WFH	28.3%	188.8%
% w/ College Degree	71.9%	-3.9%

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As of the latest ACS Survey released in 2023, Ridgefield, CT is a predominantly white area, with 82.8% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Ridgefield, CT is hispanic, making up 6.1% of the population. Foreign-born residents account for 12.4% of the population in Ridgefield, CT, and this percentage has increased by 12.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	82.8%	-6.9%
% Black	2.2%	120.0%
% Hispanic	6.1%	27.1%
% Asian	4.1%	20.6%
% Foreign Born	12.4%	12.7%

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Mortgage and Risk — Ridgefield, CT

According to HUD data as of 2023, there were 484 mortgage originations in Ridgefield, CT, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Ridgefield, CT. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	484
% Conventional Loans	98.0%
% Government Loans	2.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Ridgefield, CT

As of 2024, the percent of homes in Ridgefield, CT under the Section 8 program is 0.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Ridgefield, CT, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	13
Total Units Section 8	13
% Rentals under Section 8	0.8%
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$40	$2,200	$2,240
2 Bedroom	-$640	$3,300	$2,660
3 Bedroom	-$620	$4,000	$3,380
4 Bedroom	-$2,790	$6,450	$3,660

Ridgefield, CT—06877

Key Metrics at a Glance

Home Price Trends — Ridgefield, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ridgefield, CT

% of Rental Stock

Property Listings — Ridgefield, CT

Demographics — Ridgefield, CT

Race and Ethnicity

Mortgage and Risk — Ridgefield, CT

Mortgages

Rentals and Section 8 — Ridgefield, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Ridgefield, CT

Home Price to Income Ratio

Ridgefield, CT — ZIP Code Boundary Map

Nearby ZIP Codes

South Salem, NY

Danbury, CT

Waccabuc, NY

North Salem, NY

Cross River, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.4
Median Home Price	$932,000
Median Household Income	$169,000

Ridgefield, CT—06877

Key Metrics at a Glance

Home Price Trends — Ridgefield, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ridgefield, CT

% of Rental Stock

Property Listings — Ridgefield, CT

Demographics — Ridgefield, CT

Race and Ethnicity

Mortgage and Risk — Ridgefield, CT

Mortgages

Rentals and Section 8 — Ridgefield, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Ridgefield, CT

Home Price to Income Ratio

Ridgefield, CT — ZIP Code Boundary Map

Nearby ZIP Codes

South Salem, NY

Danbury, CT

Waccabuc, NY

North Salem, NY

Cross River, NY

Frequently Asked Questions

What is the average home price in Ridgefield, CT 06877?

How have home prices in Ridgefield, CT 06877 changed over the past year?

What is the home price projection for Ridgefield, CT 06877?

What are the demographics of Ridgefield, CT 06877?

How long does it take homes to sell in Ridgefield, CT 06877?

What is the average rent price in Ridgefield, CT 06877?