Ridgefield, CT—06877
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridgefield, CT
As of Oct '25, the median home price in Ridgefield, CT is $943,000, with a year-over-year change of 2.5%. This indicates that home prices in Ridgefield, CT are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $943,000 | 2.5% |
| Single Family | $1,010,000 | 3.1% |
| Condos | $411,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $317,000 | 0.0% |
2 Bed | $524,000 | 2.9% |
3 Bed | $803,000 | 2.3% |
4 Bed | $1,109,000 | 3.4% |
| 5 Bed | $1,551,000 | 4.9% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Ridgefield, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridgefield, CT is 50. This is a increase of 7.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,370,000 | 41.0% |
Listing Count | 101 | 12.0% |
| Listings as % of Homes | 0.8% | 12.0% |
Days on Market | 50 | 7.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Ridgefield, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $943,000 |
| Median Household Income | $169,000 |