Ridgefield, WA 98642 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ridgefield, WA—98642

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$657,000

0.7% YoY Growth

Household Income

$119,000

24.3% YoY Growth

Days on Market

22.0% Shorter YoY

Home Price Forecast

-2.2%

Median Rent

$2,700

0.4% YoY Growth

1-Bed Rent

$1,580

0.0% YoY Growth

2-Bed Rent

$2,400

1.6% YoY Growth

3-Bed Rent

$2,600

1.2% YoY Growth

Home Price Trends — Ridgefield, WA

As of May '26, the median home price in Ridgefield, WA is $657,000, with a year-over-year change of -0.7%. This indicates that home prices in Ridgefield, WA are flat. According to Zillow, the 1-year price projection is -2.2%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$657,000	-0.7%
Single Family	$664,000	-0.7%
Condos	$426,000	-1.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Ridgefield, WA

As of July '25, Rentcast reports the average rent in Ridgefield, WA is $2,740, with a year-over-year rent change of 0.4%. Per bedroom, the median rent as of July '25 in Ridgefield, WA is 1-bedrooms: $1,570, 2-bedrooms: $2,400, 3-bedrooms: $2,630, 4-bedrooms: $3,240. The most common rental property sizes in Ridgefield, WA are 2-bedroom and 3-bedroom, accounting for 44.9% and 36.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,700	$2,740
Studio Rent	N/A	N/A
1 Bed Rent	$1,580	$1,570
2 Bed Rent	$2,400	$2,400
3 Bed Rent	$2,600	$2,630
4 Bed Rent	$3,150	$3,240

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% of Rental Stock

Studio

1.9%

1 Bedroom

3.2%

2 Bedrooms

44.9%

3 Bedrooms

36.1%

4 Bedrooms

12.0%

5+ Bedrooms

1.9%

Property Listings — Ridgefield, WA

As of May '26, Realtor.com reports that the median days on market for a home in Ridgefield, WA is 44. This is a decrease of -22.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$809,000	0.0%
Listing Count	270	-8.0%
Listings as % of Homes	1.8%	-8.0%
Days on Market	44	-22.0%

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Demographics — Ridgefield, WA

As of the latest ACS Survey released in 2023, Ridgefield, WA has a population of 26,400, which has increased by 36.8% over the past 5 years. Ridgefield, WA is a popular place for families, as children make up 25.9% of the population. The area has a moderately educated workforce, with 41.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	26,400	36.8%
% Under 18	25.9%	2.4%
% Seniors	19.1%	13.0%
% WFH	20.3%	244.1%
% w/ College Degree	41.2%	22.3%

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As of the latest ACS Survey released in 2023, Ridgefield, WA is a predominantly white area, with 83.3% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Ridgefield, WA is hispanic, making up 8.0% of the population. Foreign-born residents account for 6.1% of the population in Ridgefield, WA, and this percentage has decreased by 14.1% 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	83.3%	-4.0%
% Black	1.0%	-41.2%
% Hispanic	8.0%	110.5%
% Asian	2.0%	-45.9%
% Foreign Born	6.1%	-14.1%

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Mortgage and Risk — Ridgefield, WA

According to HUD data as of 2023, there were 945 mortgage originations in Ridgefield, WA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Ridgefield, WA. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	945
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Ridgefield, WA

As of 2024, the percent of homes in Ridgefield, WA under the Section 8 program is 1.2%. 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 Ridgefield, WA, 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	21
Total Units Section 8	21
% Rentals under Section 8	1.2%
% Occupied Section 8	66.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$570	$1,580	$2,150
2 Bedroom	$50	$2,400	$2,450
3 Bedroom	$760	$2,600	$3,360
4 Bedroom	$800	$3,150	$3,950

Ridgefield, WA—98642

Key Metrics at a Glance

Home Price Trends — Ridgefield, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ridgefield, WA

% of Rental Stock

Property Listings — Ridgefield, WA

Demographics — Ridgefield, WA

Race and Ethnicity

Mortgage and Risk — Ridgefield, WA

Mortgages

Rentals and Section 8 — Ridgefield, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Ridgefield, WA

Home Price to Income Ratio

Ridgefield, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Felida, Vancouver, WA

Salmon Creek, Vancouver, WA

La Center, WA

Downtown Vancouver, Vancouver, WA

Hazel Dell, Vancouver, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.4
Median Home Price	$657,000
Median Household Income	$119,000

Ridgefield, WA—98642

Key Metrics at a Glance

Home Price Trends — Ridgefield, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ridgefield, WA

% of Rental Stock

Property Listings — Ridgefield, WA

Demographics — Ridgefield, WA

Race and Ethnicity

Mortgage and Risk — Ridgefield, WA

Mortgages

Rentals and Section 8 — Ridgefield, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Ridgefield, WA

Home Price to Income Ratio

Ridgefield, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Felida, Vancouver, WA

Salmon Creek, Vancouver, WA

La Center, WA

Downtown Vancouver, Vancouver, WA

Hazel Dell, Vancouver, WA

Frequently Asked Questions

What is the average home price in Ridgefield, WA 98642?

How have home prices in Ridgefield, WA 98642 changed over the past year?

What is the home price projection for Ridgefield, WA 98642?

What are the demographics of Ridgefield, WA 98642?

How long does it take homes to sell in Ridgefield, WA 98642?

What is the average rent price in Ridgefield, WA 98642?