The typical owner-occupied home in Ridgefield is worth about $843,600, 2.3 times the Connecticut median of $366,900 and 2.5 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.19% of their home's value, lower than the Connecticut rate of 1.81%. The median household earns $148,279 a year, so the median home costs 5.7 times the median income (3.8 times for Connecticut). 72% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Ridgefield at a glance
| Ridgefield | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $843,600 | $366,900 | $332,700 |
| Median property tax paid per year | $10,001 | $6,643 | $3,119 |
| Property tax as a share of value | 1.19% | 1.81% | 0.94% |
| Median household income | $148,279 | $95,781 | $80,734 |
| Homes lived in by their owners | 72% | 66% | 65% |
| Owner homes with a mortgage | 60% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 20.3% | 21.8% | 21.0% |
| Median rent | $1,904 | $1,488 | $1,413 |
| Rent as a share of renters' income | 27.6% | 31.4% | 30.6% |
| Median year homes were built | 1972 | 1967 | 1980 |
| Vacant homes | 4.5% | 7.0% | 10.1% |
| Population | 6,970 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Ridgefield
At this week's average 30-year rate of 7.11%, buying the median Ridgefield home of $843,600 with 20% down costs about $5,728 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $7,269, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $245,487 for the 20%-down payment. That payment is 46% of the median Ridgefield household income of $148,279; at that income and 20% down, the 28% guideline points to a home of about $510,000.
The median rent here is $1,904 a month, so owning the median home costs about $3,824 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $168,720 |
|---|---|
| Loan amount | $674,880 |
| Principal and interest | $4,540 |
| Property taxes (1.19% a year) | $837 |
| Homeowners insurance (our estimate, 0.5% a year) | $352 |
| PMI | $0 |
| Total per month | $5,728 |
Change the numbers in the calculator
| Down payment | $29,526 |
|---|---|
| Loan amount | $828,320 |
| Principal and interest | $5,572 |
| Property taxes (1.19% a year) | $837 |
| Homeowners insurance (our estimate, 0.5% a year) | $352 |
| FHA mortgage insurance | $509 |
| Total per month | $7,269 |
Change the numbers in the calculator
Questions about home buying in Ridgefield
What is the median home value in Ridgefield?
About $843,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ridgefield?
Homeowners pay a median $10,001 a year, which is about 1.19% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Ridgefield?
For the median home with 20% down at 7.11%, the payment is about $5,728 a month. Keeping that under 28% of gross income takes about $245,487 a year.
More about Ridgefield
- Mortgage Refinance in Ridgefield
- Debt Relief in Ridgefield
- Home Equity Loans in Ridgefield
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data