Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 28,346 people, 11,144 houses or apartments, and a median cost of homes of $302,005, Ridgecrest real estate values are some of the lowest in California, although compared to real estate around the nation, Ridgecrest homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Ridgecrest, accounting for 67.66% of the city's housing units. Other types of housing that are prevalent in Ridgecrest include duplexes, homes converted to apartments or other small apartment buildings ( 13.56%), mobile homes or trailers ( 7.80%), and a few large apartment complexes or high rise apartments ( 6.15%).
The most prevalent building size and type in Ridgecrest are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.42% owning and 40.58% renting.
There is a lot of housing in Ridgecrest built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ridgecrest built between 1940-1969 ( 22.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.33%).
Ridgecrest's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ridgecrest during the period has been just 5.72%, which is lower than 70% of US communities.
Appreciation rates are so strong in Ridgecrest that despite a nationwide downturn in the housing market, Ridgecrest real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ridgecrest appreciation rates continue to be some of the highest in America, at 8.91%, which is higher than appreciation rates in 80.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ridgecrest. Ridgecrest appreciation rates in the latest quarter were at -0.94%, which equates to an annual appreciation rate of -3.71%.
Notably, Ridgecrest's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Ridgecrest's latest annual appreciation rate is higher than 70% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ridgecrest differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ridgecrest - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ridgecrest real estate investment or home purchase decisions.
$302,005
for California
for nation
11,144
$1,685 / per month