Ridgewood, New York, NY—11385
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridgewood, New York, NY
As of Oct '25, the median home price in Ridgewood, New York, NY is $852,000, with a year-over-year change of 3.0%. This indicates that home prices in Ridgewood, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $852,000 | 3.0% |
| Single Family | $888,000 | 2.3% |
| Condos | $593,000 | 6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $592,000 | 7.8% |
2 Bed | $730,000 | 2.5% |
3 Bed | $860,000 | 2.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ridgewood, New York, NY
As of July '25, Rentcast reports the average rent in Ridgewood, New York, NY is $2,970, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Ridgewood, New York, NY is studios: $3,100, 1-bedrooms: $2,530, 2-bedrooms: $2,890, 3-bedrooms: $3,540, 4-bedrooms: $2,560. The most common rental property sizes in Ridgewood, New York, NY are 2-bedroom and 3-bedroom, accounting for 43.6% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $2,970 |
| Studio Rent | $2,400 | $3,100 |
| 1 Bed Rent | $2,300 | $2,530 |
| 2 Bed Rent | $2,800 | $2,890 |
| 3 Bed Rent | $3,500 | $3,540 |
| 4 Bed Rent | $1,380 | $2,560 |
% of Rental Stock
Property Listings — Ridgewood, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridgewood, New York, NY is 91. This is a increase of 31.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $899,000 | 11.0% |
Listing Count | 67 | 41.0% |
| Listings as % of Homes | 0.1% | 41.0% |
Days on Market | 91 | 31.0% |
Demographics — Ridgewood, New York, NY
As of the latest ACS Survey released in 2023, Ridgewood, New York, NY has a population of 104,000, which has decreased by -2.7% over the past 5 years. Ridgewood, New York, NY is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 34.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 104,000 | -2.7% |
% Under 18 | 19.5% | -12.2% |
% Seniors | 12.3% | 18.3% |
% WFH | 13.1% | 495.5% |
% w/ College Degree | 34.1% | 28.2% |
As of the latest ACS Survey released in 2023, Ridgewood, New York, NY is a predominantly hispanic area, with 45.4% of the population identifying as hispanic. The hispanic population has grown by 2.5% in the last 5 years. The second most common race or ethnicity in Ridgewood, New York, NY is white, making up 42.5% of the population. Foreign-born residents account for 39.1% of the population in Ridgewood, New York, NY, and this percentage has decreased by 5.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 42.5% | -7.8% |
% Black | 3.8% | 65.2% |
% Hispanic | 45.4% | 2.5% |
% Asian | 6.9% | 3.0% |
% Foreign Born | 39.1% | -5.6% |
Mortgage and Risk — Ridgewood, New York, NY
According to HUD data as of 2023, there were 298 mortgage originations in Ridgewood, New York, NY, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Ridgewood, New York, NY. Investor activity is low, as 11.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 298 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 11.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Ridgewood, New York, NY
As of 2024, the percent of homes in Ridgewood, New York, NY under the Section 8 program is 2.2%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Ridgewood, New York, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 527 |
Total Units Section 8 | 525 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $2,300 | $2,430 |
| 2 Bedroom | -$110 | $2,800 | $2,690 |
| 3 Bedroom | -$150 | $3,500 | $3,350 |
| 4 Bedroom | $2,240 | $1,380 | $3,620 |
Affordability — Ridgewood, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.3 |
| Median Home Price | $852,000 |
| Median Household Income | $87,400 |