Market Overview
Home Prices in Ridgely, TN
The median home value in Ridgely, TN is $113,340 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.6% compared to a year ago and down 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ridgely are priced72% below average. Ridgely is part of the Dyersburg, TN metro area.
Over the past five years, Ridgely home values have risen by approximately18.8%, reflecting steady appreciation in this market.
Price History
Ridgely Home Price Trend
City Comparison
Ridgely vs. National Median
At $113,340, homes in Ridgely cost 72% 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
$22,668
on $113,340
Monthly P&I
$591/mo
30-yr @ 6.8%
Total Monthly Est.
~$751/mo
incl. taxes & insurance
Income Needed
$30,040
gross annual (30% rule)
10% Down Option
$11,334
+ PMI applies
Loan Amount (20% dn)
$90,672
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, TN?
The median home value in Ridgely is $113,340 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.6% year-over-year.
How much have home prices changed in Ridgely?
Over the past year, home values in Ridgely have decreased by 1.6%. Over five years, prices have risen approximately 18.8%.
How much do I need to earn to buy a home in Ridgely?
To comfortably afford the median home price of $113,340 with a 20% down payment ($22,668) at today's rates (6.8%), you'd need a gross annual income of approximately $30,040. 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 $113,340, homes in Ridgely are 72% below the national average.
What metro area is Ridgely part of?
Ridgely is part of the Dyersburg, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.