Ridgely, TN Foreclosures
How much do homes sell for in Ridgely, TN?
The average home price is currently $125,082.
In Ridgely, TN, how many homes are available?
There are currently 14 active home listings available in Ridgely.
What’s the average rental cost in Ridgely, TN?
The average rental price in Ridgely is $743.
What is the most expensive home in Ridgely?
The most expensive home sold in Ridgely had a price of $4,229,206.
What is currently the cheapest priced home in Ridgely, TN?
The cheapest home for sale in Ridgely is priced at $3,005.
Living in Ridgely, TN
Ridgely, Tennessee is a quaint town that combines a close community feel with accessibility to nature and local amenities. Residents enjoy outdoor activities and have access to quality education. With its small-town charm, it’s an ideal place for families and those seeking a peaceful lifestyle.
Current Market Conditions in Ridgely, TN
Ridgely has seen a steady increase in interest from potential homebuyers, with inventory levels gradually declining. This has led to a competitive market, particularly for single-family homes under the $200,000 price point. The area's appeal lies in its community-oriented lifestyle and proximity to larger cities for commuting.
Real estate trends indicate that Ridgely is gaining popularity for those seeking affordable housing in a quiet environment. The influx of new residents looking for larger homes with outdoor space, fueled by the remote work trend, has prompted slight price adjustments.
The last few months have reported a rise in multi-family properties, signaling an emerging interest in rental investments. This could suggest a shift in the town's demographic, as more individuals seek rental opportunities amidst rising prices in neighboring urban areas.
Home Value Estimator For Ridgely, TN
There are currently 936 real estate properties
in Ridgely, TN,
with a median automated valuation model (AVM) price
of $93,514.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ridgely, TN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Ridgely, TN,
is $125,082.00, with the most expensive house
in Ridgely, TN, topping out
at $4,229,206.00 and the cheapest home
in Ridgely, TN,
clocking in at $3,005.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ridgely, TN!
Rent Prices
In Ridgely, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ridgely, TN, is on
a rollercoaster ride. The
average rent price in Ridgely, TN,
is $743.00. Indeed, when looking to rent in
Ridgely, TN, you can expect to pay as little
as $410.00 or as much
as $1,880.00,
with the average rent median estimated to
be $730.00. The good news is that finding
an affordable and desirable property to rent in Ridgely, TN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
