Ridgecrest, CA—93555
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridgecrest, CA
As of Oct '25, the median home price in Ridgecrest, CA is $266,000, with a year-over-year change of 0.3%. This indicates that home prices in Ridgecrest, CA are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $266,000 | 0.3% |
| Single Family | $270,000 | 0.0% |
| Condos | $123,000 | -5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $111,000 | 1.8% |
2 Bed | $153,000 | -1.9% |
3 Bed | $254,000 | 0.0% |
4 Bed | $332,000 | 0.6% |
| 5 Bed | $406,000 | 2.3% |
% of Housing Stock
Rental Trends — Ridgecrest, CA
As of July '25, Rentcast reports the average rent in Ridgecrest, CA is $1,390, with a year-over-year rent change of 3.0%. Per bedroom, the median rent as of July '25 in Ridgecrest, CA is studios: $1,010, 1-bedrooms: $980, 2-bedrooms: $1,130, 3-bedrooms: $1,590, 4-bedrooms: $2,170. The most common rental property sizes in Ridgecrest, CA are 3-bedroom and 2-bedroom, accounting for 41.5% and 36.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,390 |
| Studio Rent | $425 | $1,010 |
| 1 Bed Rent | $975 | $980 |
| 2 Bed Rent | $1,100 | $1,130 |
| 3 Bed Rent | $1,580 | $1,590 |
| 4 Bed Rent | $2,200 | $2,170 |
% of Rental Stock
Property Listings — Ridgecrest, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridgecrest, CA is 67. This is a increase of 5.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $272,000 | -8.0% |
Listing Count | 156 | 23.0% |
| Listings as % of Homes | 0.8% | 23.0% |
Days on Market | 67 | 5.0% |
Demographics — Ridgecrest, CA
As of the latest ACS Survey released in 2023, Ridgecrest, CA has a population of 33,600, which has remained stable by -0.3% over the past 5 years. Ridgecrest, CA is a popular place for families, as children make up 25.9% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,600 | -0.3% |
% Under 18 | 25.9% | -4.4% |
% Seniors | 15.1% | -1.9% |
% WFH | 10.0% | 122.2% |
% w/ College Degree | 30.5% | 5.9% |
As of the latest ACS Survey released in 2023, Ridgecrest, CA is a predominantly white area, with 64.9% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Ridgecrest, CA is hispanic, making up 19.8% of the population. Foreign-born residents account for 6.7% of the population in Ridgecrest, CA, and this percentage has decreased by 33.0% 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 | 64.9% | -1.2% |
% Black | 4.9% | -12.5% |
% Hispanic | 19.8% | 7.6% |
% Asian | 3.6% | -40.0% |
% Foreign Born | 6.7% | -33.0% |
Mortgage and Risk — Ridgecrest, CA
According to HUD data as of 2023, there were 509 mortgage originations in Ridgecrest, CA, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Ridgecrest, CA. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 509 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Ridgecrest, CA
As of 2024, the percent of homes in Ridgecrest, CA under the Section 8 program is 1.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Ridgecrest, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 80 |
Total Units Section 8 | 66 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 83.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $475 | $975 | $1,450 |
| 2 Bedroom | $710 | $1,100 | $1,810 |
| 3 Bedroom | $860 | $1,580 | $2,440 |
| 4 Bedroom | $780 | $2,200 | $2,980 |
Affordability — Ridgecrest, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $266,000 |
| Median Household Income | $84,100 |