Ridgeway, VA—24148
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridgeway, VA
As of Oct '25, the median home price in Ridgeway, VA is $150,000, with a year-over-year change of -0.9%. This indicates that home prices in Ridgeway, VA are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $150,000 | -0.9% |
| Single Family | $150,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ridgeway, VA
Ridgeway, VA 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 — Ridgeway, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridgeway, VA is 64. This is a increase of 84.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $286,000 | 28.0% |
Listing Count | 26 | 88.0% |
| Listings as % of Homes | 0.3% | 88.0% |
Days on Market | 64 | 84.0% |
Demographics — Ridgeway, VA
As of the latest ACS Survey released in 2023, Ridgeway, VA has a population of 8,530, which has increased by 7.7% over the past 5 years. Ridgeway, VA is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 15.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,530 | 7.7% |
% Under 18 | 25.1% | 17.3% |
% Seniors | 23.6% | 7.8% |
% WFH | 7.1% | 294.4% |
% w/ College Degree | 15.8% | -1.9% |
As of the latest ACS Survey released in 2023, Ridgeway, VA is a predominantly white area, with 76.6% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Ridgeway, VA is black, making up 14.2% of the population. Foreign-born residents account for 1.0% of the population in Ridgeway, VA, and this percentage has decreased by 63.0% 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 | 76.6% | 2.3% |
% Black | 14.2% | -12.9% |
% Hispanic | 6.1% | 35.6% |
% Asian | 0.1% | -95.7% |
% Foreign Born | 1.0% | -63.0% |
Mortgage and Risk — Ridgeway, VA
According to HUD data as of 2023, there were 118 mortgage originations in Ridgeway, VA, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Ridgeway, VA. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 118 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Ridgeway, VA
Ridgeway, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $680 |
| 2 Bedroom | N/A | N/A | $850 |
| 3 Bedroom | N/A | N/A | $1,030 |
| 4 Bedroom | N/A | N/A | $1,220 |
Affordability — Ridgeway, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $150,000 |
| Median Household Income | $54,200 |