Market Overview
Home Prices in Ridgely, MD
The median home value in Ridgely, MD is $377,527 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.2% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ridgely are priced8% below average.
Over the past five years, Ridgely home values have risen by approximately19.6%, reflecting steady appreciation in this market.
Price History
Ridgely Home Price Trend
2020
$268,329
$268K
—
2021
$315,549
$316K
+17.6%
2022
$349,257
$349K
+10.7%
2023
$342,017
$342K
-2.1%
2024
$362,522
$363K
+6.0%
2025
$373,051
$373K
+2.9%
2026
$377,527
$378K
+1.2%
City Comparison
Ridgely vs. National Median
🏠 Ridgely
$377,527
National Median
$410,000
At $377,527, homes in Ridgely cost 8% below the national median of $410,000. This makes Ridgely a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ridgely?
20% Down Payment
$75,505
on $377,527
Monthly P&I
$1,969/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,501/mo
incl. taxes & insurance
Income Needed
$100,040
gross annual (30% rule)
10% Down Option
$37,753
+ PMI applies
Loan Amount (20% dn)
$302,022
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 Ridgely, MD?
The median home value in Ridgely is $377,527 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.2% year-over-year.
How much have home prices changed in Ridgely?
Over the past year, home values in Ridgely have increased by 1.2%. Over five years, prices have risen approximately 19.6%.
How much do I need to earn to buy a home in Ridgely?
To comfortably afford the median home price of $377,527 with a 20% down payment ($75,505) at today's rates (6.8%), you'd need a gross annual income of approximately $100,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Ridgely compare to the national average home price?
The national median home value is approximately $410,000. At $377,527, homes in Ridgely are 8% below the national average.