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  4. /Ridgway, CO - 81432

Ridgway, CO—81432

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$884,000
4.1% YoY Growth
Household Income
$87,500
40.7% YoY Growth
Days on Market
73
22.0% Shorter YoY
Home Price Forecast
1.6%
Median Rent
$1,100
38.2% YoY Growth
1-Bed Rent
$1,100
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$3,100
8.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Ridgway, CO

As of May '26, the median home price in Ridgway, CO is $884,000, with a year-over-year change of 4.1%. This indicates that home prices in Ridgway, CO are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$884,0004.1%
Single Family $919,0004.8%
Condos $564,0004.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $499,000
    8.5%
    2 Bed
    		$683,0004.8%
    3 Bed
    		$913,0004.5%
    4 Bed
    		$1,229,0004.3%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    11.5%
    2 Bedrooms
    25.7%
    3 Bedrooms
    39.2%
    4 Bedrooms
    19.9%
    5+ Bedrooms
    2.3%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,100$2,100
    Studio Rent N/AN/A
    1 Bed Rent $1,100$1,100
    2 Bed Rent N/AN/A
    3 Bed Rent $3,100$3,100
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    Studio
    2.5%
    1 Bedroom
    29.7%
    2 Bedrooms
    43.1%
    3 Bedrooms
    22.4%
    4 Bedrooms
    2.2%

    Property Listings — Ridgway, CO

    As of May '26, Realtor.com reports that the median days on market for a home in Ridgway, CO is 73. 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 14.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,100,00015.0%
    Listing Count
    		83-3.0%
    Listings as % of Homes1.3%-3.0%
    Days on Market
    		73-22.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		3,1505.1%
    % Under 18
    		13.3%-17.9%
    % Seniors
    		34.1%32.2%
    % WFH
    		17.3%9.5%
    % w/ College Degree
    		56.0%12.0%
    Loading chart...

    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

    MetricLatest Census5-Year % Change
    % White
    		88.6%-3.7%
    % Black
    		1.0%∞%
    % Hispanic
    		3.6%-35.7%
    % Asian
    		0.3%∞%
    % Foreign Born
    		3.1%19.2%
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    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

    MetricZip 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%
    Loading chart...
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$230$1,100$1,330
    2 BedroomN/AN/A$1,750
    3 Bedroom-$760$3,100$2,340
    4 BedroomN/AN/A$2,810

    Affordability — Ridgway, CO

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio9.3
    Median Home Price$884,000
    Median Household Income$87,500

    Ridgway, CO — ZIP Code Boundary Map

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    Frequently Asked Questions