Ridgway, CO—81432
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridgway, CO
As of Oct '25, the median home price in Ridgway, CO is $867,000, with a year-over-year change of 0.2%. This indicates that home prices in Ridgway, CO are flat. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $867,000 | 0.2% |
| Single Family | $895,000 | 0.4% |
| Condos | $453,000 | -2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $497,000 | 0.8% |
2 Bed | $670,000 | -3.0% |
3 Bed | $887,000 | -0.6% |
4 Bed | $1,186,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ridgway, CO
As of July '25, Rentcast reports the average rent in Ridgway, CO is $2,100, with a year-over-year rent change of -38.2%. Per bedroom, the median rent as of July '25 in Ridgway, CO is 1-bedrooms: $1,100, 3-bedrooms: $3,100. The most common rental property sizes in Ridgway, CO are 2-bedroom and 1-bedroom, accounting for 43.1% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $2,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,100 | $3,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ridgway, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridgway, CO is 112. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,100,000 | 6.0% |
Listing Count | 70 | -5.0% |
| Listings as % of Homes | 1.3% | -5.0% |
Days on Market | 112 | 1.0% |
Demographics — Ridgway, CO
As of the latest ACS Survey released in 2023, Ridgway, CO has a population of 3,150, which has increased by 5.1% over the past 5 years. Ridgway, CO is a less popular place for families, as children make up 13.3% of the population. The area has a highly educated workforce, with 56.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,150 | 5.1% |
% Under 18 | 13.3% | -17.9% |
% Seniors | 34.1% | 32.2% |
% WFH | 17.3% | 9.5% |
% w/ College Degree | 56.0% | 12.0% |
As of the latest ACS Survey released in 2023, Ridgway, CO is a predominantly white area, with 88.6% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Ridgway, CO is hispanic, making up 3.6% of the population. Foreign-born residents account for 3.1% of the population in Ridgway, CO, and this percentage has increased by 19.2% 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 | 88.6% | -3.7% |
% Black | 1.0% | ∞% |
% Hispanic | 3.6% | -35.7% |
% Asian | 0.3% | ∞% |
% Foreign Born | 3.1% | 19.2% |
Mortgage and Risk — Ridgway, CO
According to HUD data as of 2023, there were 93 mortgage originations in Ridgway, CO, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Ridgway, CO. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 13.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Ridgway, CO
Ridgway, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% 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 | $230 | $1,100 | $1,330 |
| 2 Bedroom | N/A | N/A | $1,750 |
| 3 Bedroom | -$760 | $3,100 | $2,340 |
| 4 Bedroom | N/A | N/A | $2,810 |
Affordability — Ridgway, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.4 |
| Median Home Price | $867,000 |
| Median Household Income | $87,500 |