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Ridgemont Local

Learn about the people, housing, costs and businesses in Ridgemont Local, Ohio

Median Home$201,754
Median Rent$781/month
Population3,519
Leading IndustriesRetail · Construction · Agriculture & Mining25% retail
Home Value Growth-0.7% over 2 years
Family-Friendly27% of residentswell above average
Homeowners84% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
Ridgemont Local
OH

Frequently Asked Questions

What are today's mortgage rates in Ridgemont Local?

As of today, the 30-year fixed mortgage rate for Ridgemont Local is approximately 6.998% (7.038% 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 Ridgemont Local?

The median home value in Ridgemont Local is $202k. The median monthly rent is $781. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ridgemont Local?

Home values in Ridgemont Local have decreased 0.7% over the past two years. Buyers may find more negotiating room in this market. 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 Ridgemont Local?

Based on a typical all-in ownership cost of $982/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ridgemont Local is $86k/year.

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What industries drive the economy in Ridgemont Local?

The largest employment sectors in Ridgemont Local are retail (25%) and public administration (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.