Ridge, NY—11961
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridge, NY
As of Oct '25, the median home price in Ridge, NY is $497,000, with a year-over-year change of 3.6%. This indicates that home prices in Ridge, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $497,000 | 3.6% |
| Single Family | $562,000 | 2.4% |
| Condos | $360,000 | 0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $266,000 | 5.6% |
2 Bed | $419,000 | 3.5% |
3 Bed | $557,000 | 3.3% |
4 Bed | $682,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ridge, NY
As of July '25, Rentcast reports the average rent in Ridge, NY is $2,630, with a year-over-year rent change of 8.7%. Per bedroom, the median rent as of July '25 in Ridge, NY is 1-bedrooms: $2,150, 2-bedrooms: $2,870, 3-bedrooms: $3,500. The most common rental property sizes in Ridge, NY are 2-bedroom and 3-bedroom, accounting for 48.6% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,080 | $2,150 |
| 2 Bed Rent | $2,800 | $2,870 |
| 3 Bed Rent | $3,500 | $3,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ridge, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridge, NY is 51. This is a increase of 44.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $432,000 | -2.0% |
Listing Count | 137 | 89.0% |
| Listings as % of Homes | 1.4% | 89.0% |
Days on Market | 51 | 44.0% |
Demographics — Ridge, NY
As of the latest ACS Survey released in 2023, Ridge, NY has a population of 12,400, which has decreased by -6.7% over the past 5 years. Ridge, NY is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 31.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,400 | -6.7% |
% Under 18 | 16.2% | -12.9% |
% Seniors | 34.9% | 17.1% |
% WFH | 16.3% | 379.4% |
% w/ College Degree | 31.3% | 39.7% |
As of the latest ACS Survey released in 2023, Ridge, NY is a predominantly white area, with 86.1% of the population identifying as white. The white population has grown by 8.8% in the last 5 years. The second most common race or ethnicity in Ridge, NY is hispanic, making up 6.6% of the population. Foreign-born residents account for 7.8% of the population in Ridge, NY, and this percentage has decreased by 19.6% 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 | 86.1% | 8.8% |
% Black | 4.0% | -43.7% |
% Hispanic | 6.6% | -25.8% |
% Asian | 2.1% | -48.8% |
% Foreign Born | 7.8% | -19.6% |
Mortgage and Risk — Ridge, NY
According to HUD data as of 2023, there were 244 mortgage originations in Ridge, NY, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Ridge, NY. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 244 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Ridge, NY
Ridge, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 166 |
Total Units Section 8 | 165 |
% Rentals under Section 8 | 29.9% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $2,080 | $1,930 |
| 2 Bedroom | -$540 | $2,800 | $2,260 |
| 3 Bedroom | -$570 | $3,500 | $2,930 |
| 4 Bedroom | N/A | N/A | $3,170 |
Affordability — Ridge, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $497,000 |
| Median Household Income | $86,100 |