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Ridge Manor Housing Information

IndexRidge ManorFloridaNational
Median home price$84,900$166,800$184,700
Median rent asked$922$1,032$949
Avg. people per household2.32.62.6
Owner occupied households84.3%64.8%63.6%
Renter occupied households15.7%35.2%36.4%
The above shows an overview of the real estate market in Ridge Manor, FL. Note how the median home price for Ridge Manor, FL runs $84,900, which is 49% lower than the average property price for Florida. So you’re going to get real estate in Ridge Manor, FL that is on-average more affordable than what you’ll find in the rest of Florida. As for rent, the median for Ridge Manor, FL runs $922, which is comparatively 11% lower than the average rent for Florida. For Ridge Manor, FL, about 84.3% of the population consist of home owners with about 2.3 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Ridge Manor, FL offers a wide variety of real estate. To find your perfect home in Ridge Manor, FL, filter your choice by price, location, and number of beds and baths using the search area above.

Ridge Manor Home Affordability

When deciding where to purchase Ridge Manor, FL real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Ridge Manor, FL the median home price is $84,900 and $38,716 is the median household income. As a result, the home price to income ratio in Ridge Manor, FL is 2.2x, which is 36% lower than the Florida average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Ridge Manor, FL the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Ridge Manor, FL.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Lake Lindsey, FL41$0100%
Nobleton, FL173$0100%
Istachatta, FL245$0100%
Brooksville, FL7,814$46,00075%
Bushnell, FL3,016$49,20073%
Ridge Manor, FL4,118$84,90054%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Larch Way, WA4,118$357,50094%
Orange, MA4,117$134,20027%
Holmes Beach, FL4,119$487,800164%
Ridgeland, SC4,116$138,30025%
Lawrenceville, NJ4,116$274,70049%
Ridge Manor, FL4,118$84,90054%

Source: The Ridge Manor, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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