Ridgefield, WA—98642
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridgefield, WA
As of Oct '25, the median home price in Ridgefield, WA is $649,000, 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 -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $649,000 | -0.7% |
| Single Family | $656,000 | -0.8% |
| Condos | $429,000 | 0.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $508,000 | -0.6% |
3 Bed | $584,000 | -0.5% |
4 Bed | $699,000 | -0.7% |
| 5 Bed | $826,000 | -0.5% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Ridgefield, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridgefield, WA is 86. This is a increase of 13.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $838,000 | 7.0% |
Listing Count | 279 | -7.0% |
| Listings as % of Homes | 1.8% | -7.0% |
Days on Market | 86 | 13.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Ridgefield, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $649,000 |
| Median Household Income | $119,000 |