Ridgely, TN—38080
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridgely, TN
Ridgely, TN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $110,000 | 2.6% |
| Single Family | $111,000 | 4.7% |
| 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 — Ridgely, TN
Ridgely, TN 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 — Ridgely, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridgely, TN is 53. This is a decrease of -36.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $131,000 | -20.0% |
Listing Count | 12 | -13.0% |
| Listings as % of Homes | 0.2% | -13.0% |
Days on Market | 53 | -36.0% |
Demographics — Ridgely, TN
As of the latest ACS Survey released in 2023, Ridgely, TN has a population of 2,490, which has decreased by -7.4% over the past 5 years. Ridgely, TN is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 10.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,490 | -7.4% |
% Under 18 | 26.3% | 24.1% |
% Seniors | 21.3% | 3.4% |
% WFH | 1.0% | -37.5% |
% w/ College Degree | 10.5% | 4.0% |
As of the latest ACS Survey released in 2023, Ridgely, TN is a predominantly white area, with 70.8% of the population identifying as white. The white population has shrunk by 14.6% in the last 5 years. The second most common race or ethnicity in Ridgely, TN is black, making up 17.3% of the population. Foreign-born residents account for 1.8% of the population in Ridgely, TN, and this percentage has increased by 80.0% 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 | 70.8% | -14.6% |
% Black | 17.3% | 28.1% |
% Hispanic | 5.0% | 194.1% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.8% | 80.0% |
Mortgage and Risk — Ridgely, TN
According to HUD data as of 2023, there were 14 mortgage originations in Ridgely, TN, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Ridgely, TN. Investor activity is low, as 0.0% 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 | 14 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Ridgely, TN
Ridgely, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 144 |
Total Units Section 8 | 45 |
% 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 | $700 |
| 2 Bedroom | N/A | N/A | $900 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,250 |
Affordability — Ridgely, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $110,000 |
| Median Household Income | $33,800 |