Ridgely, TN 38080 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ridgely, TN—38080

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$111,000

3.4% YoY Growth

Household Income

$33,800

18.6% YoY Growth

Days on Market

104

14.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

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	$111,000	3.4%
Single Family	$111,000	2.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

Studio

14.0%

1 Bedroom

16.1%

2 Bedrooms

23.3%

3 Bedrooms

39.9%

4 Bedrooms

6.7%

Property Listings — Ridgely, TN

As of Dec '25, Realtor.com reports that the median days on market for a home in Ridgely, TN is 87. This is a decrease of -25.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$122,000	-3.0%
Listing Count	6	-4.0%
Listings as % of Homes	0.2%	-4.0%
Days on Market	104	-14.0%

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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%

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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%

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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%

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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

Ridgely, TN—38080

Key Metrics at a Glance

Home Price Trends — Ridgely, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ridgely, TN

% of Rental Stock

Property Listings — Ridgely, TN

Demographics — Ridgely, TN

Race and Ethnicity

Mortgage and Risk — Ridgely, TN

Mortgages

Rentals and Section 8 — Ridgely, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Ridgely, TN

Home Price to Income Ratio

Ridgely, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Mengelwood

Obion, TN

Dyersburg, TN

Tiptonville, TN

Dyersburg, TN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$111,000
Median Household Income	$33,800

Ridgely, TN—38080

Key Metrics at a Glance

Home Price Trends — Ridgely, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ridgely, TN

% of Rental Stock

Property Listings — Ridgely, TN

Demographics — Ridgely, TN

Race and Ethnicity

Mortgage and Risk — Ridgely, TN

Mortgages

Rentals and Section 8 — Ridgely, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Ridgely, TN

Home Price to Income Ratio

Ridgely, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Mengelwood

Obion, TN

Dyersburg, TN

Tiptonville, TN

Dyersburg, TN

Frequently Asked Questions

What is the average home price in Ridgely, TN 38080?

How have home prices in Ridgely, TN 38080 changed over the past year?

What is the home price projection for Ridgely, TN 38080?

What are the demographics of Ridgely, TN 38080?

How long does it take homes to sell in Ridgely, TN 38080?

What is the average rent price in Ridgely, TN 38080?