The typical owner-occupied home in Ridgefield is worth about $613,500, 9% above the Washington median of $564,600 and 84% above the national median of $332,700. Owners pay a median $4,313 a year in property taxes, about 0.70% of their home's value, lower than the Washington rate of 0.81%. The median household earns $116,389 a year, so the median home costs 5.3 times the median income (5.8 times for Washington). 82% of occupied homes here are lived in by their owners, and 83% of those owners still have a mortgage.
Ridgefield at a glance
| Ridgefield | Washington | U.S. | |
|---|---|---|---|
| Median home value | $613,500 | $564,600 | $332,700 |
| Median property tax paid per year | $4,313 | $4,556 | $3,119 |
| Property tax as a share of value | 0.70% | 0.81% | 0.94% |
| Median household income | $116,389 | $98,141 | $80,734 |
| Homes lived in by their owners | 82% | 64% | 65% |
| Owner homes with a mortgage | 83% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,545 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 22.8% | 22.2% | 21.0% |
| Median rent | $2,335 | $1,760 | $1,413 |
| Rent as a share of renters' income | 32.7% | 30.0% | 30.6% |
| Median year homes were built | 2012 | 1985 | 1980 |
| Vacant homes | 0.4% | 7.3% | 10.1% |
| Population | 13,408 | 7,816,116 | 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 $613,500 with 20% down costs about $3,915 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,937, 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 $167,792 for the 20%-down payment. That payment is 40% of the median Ridgefield household income of $116,389; at that income and 20% down, the 28% guideline points to a home of about $426,000.
The median rent here is $2,335 a month, so owning the median home costs about $1,580 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $122,700 |
|---|---|
| Loan amount | $490,800 |
| Principal and interest | $3,302 |
| Property taxes (0.70% a year) | $358 |
| Homeowners insurance (our estimate, 0.5% a year) | $256 |
| PMI | $0 |
| Total per month | $3,915 |
Change the numbers in the calculator
| Down payment | $21,472 |
|---|---|
| Loan amount | $602,388 |
| Principal and interest | $4,052 |
| Property taxes (0.70% a year) | $358 |
| Homeowners insurance (our estimate, 0.5% a year) | $256 |
| FHA mortgage insurance | $271 |
| Total per month | $4,937 |
Change the numbers in the calculator
Questions about home buying in Ridgefield
What is the median home value in Ridgefield?
About $613,500 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 $4,313 a year, which is about 0.70% 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 $3,915 a month. Keeping that under 28% of gross income takes about $167,792 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