Ridgeley, WV—26753
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridgeley, WV
As of Oct '25, the median home price in Ridgeley, WV is $204,000, with a year-over-year change of 1.1%. This indicates that home prices in Ridgeley, WV are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | 1.1% |
| Single Family | $203,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $158,000 | 1.9% |
3 Bed | $212,000 | 1.4% |
4 Bed | $328,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ridgeley, WV
As of July '25, Rentcast reports the average rent in Ridgeley, WV is $1,070, with a year-over-year rent change of -13.0%. Per bedroom, the median rent as of July '25 in Ridgeley, WV is 2-bedrooms: $807, 3-bedrooms: $1,160. The most common rental property sizes in Ridgeley, WV are 3-bedroom and 2-bedroom, accounting for 47.4% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $882 | $1,070 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $807 | $807 |
| 3 Bed Rent | $1,200 | $1,160 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ridgeley, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridgeley, WV is 117. This is a increase of 351.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $404,000 | 37.0% |
Listing Count | 25 | 52.0% |
| Listings as % of Homes | 0.4% | 52.0% |
Days on Market | 117 | 351.0% |
Demographics — Ridgeley, WV
As of the latest ACS Survey released in 2023, Ridgeley, WV has a population of 5,860, which has remained stable by 0.2% over the past 5 years. Ridgeley, WV is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 29.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,860 | 0.2% |
% Under 18 | 19.0% | -21.5% |
% Seniors | 22.6% | 34.5% |
% WFH | 6.9% | 213.6% |
% w/ College Degree | 29.4% | 59.8% |
As of the latest ACS Survey released in 2023, Ridgeley, WV is a predominantly white area, with 96.6% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Ridgeley, WV is hispanic, making up 1.1% of the population. Foreign-born residents account for 1.1% of the population in Ridgeley, WV, and this percentage has decreased by 8.3% 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 | 96.6% | -1.5% |
% Black | 0.4% | 100.0% |
% Hispanic | 1.1% | 120.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.1% | -8.3% |
Mortgage and Risk — Ridgeley, WV
According to HUD data as of 2023, there were 217 mortgage originations in Ridgeley, WV, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Ridgeley, WV. Investor activity is low, as 0.0% of loans were by investors. 25.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 217 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 25.0% |
Loan Activity
Rentals and Section 8 — Ridgeley, WV
Ridgeley, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $930 |
| 2 Bedroom | $353 | $807 | $1,160 |
| 3 Bedroom | $320 | $1,200 | $1,520 |
| 4 Bedroom | N/A | N/A | $1,730 |
Affordability — Ridgeley, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $204,000 |
| Median Household Income | $76,400 |