Ridgway, PA—15853
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridgway, PA
Ridgway, PA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $96,000 | -8.8% |
| Single Family | $96,000 | -8.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $86,000 | -8.5% |
3 Bed | $100,000 | -6.5% |
4 Bed | $103,000 | -10.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ridgway, PA
Ridgway, PA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ridgway, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridgway, PA is 69. This is a increase of 40.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $156,000 | 71.0% |
Listing Count | 16 | 285.0% |
| Listings as % of Homes | 0.4% | 285.0% |
Days on Market | 69 | 40.0% |
Demographics — Ridgway, PA
As of the latest ACS Survey released in 2023, Ridgway, PA has a population of 6,330, which has remained stable by -0.0% over the past 5 years. Ridgway, PA is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,330 | 0.0% |
% Under 18 | 22.3% | 9.3% |
% Seniors | 19.5% | 12.7% |
% WFH | 5.6% | 55.6% |
% w/ College Degree | 21.4% | 14.4% |
As of the latest ACS Survey released in 2023, Ridgway, PA is a predominantly white area, with 95.0% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Ridgway, PA is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.9% of the population in Ridgway, PA, and this percentage has increased by 200.0% 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 | 95.0% | -2.1% |
% Black | 0.2% | -87.5% |
% Hispanic | 0.7% | -22.2% |
% Asian | 0.5% | ∞% |
% Foreign Born | 0.9% | 200.0% |
Mortgage and Risk — Ridgway, PA
According to HUD data as of 2023, there were 109 mortgage originations in Ridgway, PA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Ridgway, PA. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 109 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Ridgway, PA
Ridgway, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 293 |
Total Units Section 8 | 194 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,230 |
Affordability — Ridgway, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $96,000 |
| Median Household Income | $60,400 |