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Ridgely

Learn about the people, housing, costs and businesses in Ridgely, Maryland

Median Home$356,600
Median Rent$930/month
Population1,723
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services19% healthcare
Home Value Growth+3.7% over 2 years
Young Adults37% of residentstop 4% nationally
Homeowners77% of occupied units
NotableTransit91/100 · excellent transit access
NotableHighly Educated29% bachelor's · 14% graduate · top 10% nationally
Ridgely
MD

Frequently Asked Questions

What are today's mortgage rates in Ridgely?

As of today, the 30-year fixed mortgage rate for Ridgely is approximately 6.802% (6.835% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Ridgely?

The median home value in Ridgely is $357k. The median monthly rent is $930. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ridgely?

Home values in Ridgely have increased 3.7% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Ridgely?

Based on a typical all-in ownership cost of $1,566/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $67k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ridgely is $80k/year.

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What industries drive the economy in Ridgely?

The largest employment sectors in Ridgely are public administration (23%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.