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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Ridgecrest, CA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ridgecrest, CA Housing Market Trends

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 Home Appreciation Rates

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.

Average Home Values

Median Home Value

$302,005

Ridgecrest, CA Home Prices
> $1,319,000
$989,001 - $1,319,000
$660,001 - $989,000
$528,001 - $660,000
$396,001 - $528,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
0.9%
0.9%
0.4%
0.4%
3.0%
3.0%
4.0%
4.0%
12.2%
12.2%
39.9%
39.9%
27.4%
27.4%
6.4%
6.4%
5.8%
5.8%
0% 100.0%
% of Homes
Very Low

for California

Average

for nation

Number of Homes And Apartments:

11,144

Ridgecrest Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,685 / per month

Homeownership Rate

Owners
Renters
59.4%
59.4%
40.6%
40.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.6%
8.6%
91.4%
91.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.3%
9.3%
68.3%
68.3%
22.0%
22.0%
0.3%
0.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.7%
67.7%
4.3%
4.3%
13.6%
13.6%
6.2%
6.2%
7.8%
7.8%
0.5%
0.5%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
5.2%
5.2%
23.2%
23.2%
50.7%
50.7%
18.3%
18.3%
0.9%
0.9%
0% 100.0%
% of Homes