Market Overview
Home Prices in Ridgway, CO
The median home value in Ridgway, CO is $871,291 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and down 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ridgway are priced113% above average. Ridgway is part of the Montrose, CO metro area.
Over the past five years, Ridgway home values have risen by approximately33.7%, reflecting strong long-term appreciation in this market.
Price History
Ridgway Home Price Trend
City Comparison
Ridgway vs. National Median
At $871,291, homes in Ridgway cost 113% above the national median of $410,000. Buyers in Ridgway should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Ridgway?
20% Down Payment
$174,258
on $871,291
Monthly P&I
$4,544/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,771/mo
incl. taxes & insurance
Income Needed
$230,840
gross annual (30% rule)
10% Down Option
$87,129
+ PMI applies
Loan Amount (20% dn)
$697,033
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Ridgway, CO?
The median home value in Ridgway is $871,291 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Ridgway?
Over the past year, home values in Ridgway have increased by 3.9%. Over five years, prices have risen approximately 33.7%.
How much do I need to earn to buy a home in Ridgway?
To comfortably afford the median home price of $871,291 with a 20% down payment ($174,258) at today's rates (6.8%), you'd need a gross annual income of approximately $230,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Ridgway compare to the national average home price?
The national median home value is approximately $410,000. At $871,291, homes in Ridgway are 113% above the national average.
What metro area is Ridgway part of?
Ridgway is part of the Montrose, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.