Ridgely, TN Real Estate

According to census data in the year 2000 there were 760 housing units in Ridgely. This represents a 5.1% growth from 723 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 760 were located in what is classified as a rural area.

Homeownership rate in Ridgely is about 57%. Ridgely's vacancy rate, including seasonal lodging, is about 11.3%. Average household size is 2.35 people.

The majority of houses, apartments or condos in Ridgely were built after 1967.


Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom16.70%
Two Bedrooms34.70%
Three Bedrooms38.90%
Four Bedrooms7.10%
Five Bedrooms or more1.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1959
Median Value of occupied units$50,700
Median Price asked for vacant units$55,000

Rented Homes, Apartments and Condos

Average Household Size2.19
Median year structure was built1979
Median Monthly Rent asked for vacant units$163

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.80%
Home Equity Loan1.10%
Simple Mortgage36.20%
Debt Free57.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.6%