Market Overview
Home Prices in Ridgeway, VA
The median home value in Ridgeway, VA is $166,246 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.1% compared to a year ago and down 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ridgeway are priced59% below average. Ridgeway is part of the Martinsville, VA metro area.
Over the past five years, Ridgeway home values have risen by approximately30.8%, reflecting strong long-term appreciation in this market.
Price History
Ridgeway Home Price Trend
City Comparison
Ridgeway vs. National Median
At $166,246, homes in Ridgeway cost 59% below the national median of $410,000. This makes Ridgeway a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ridgeway?
20% Down Payment
$33,249
on $166,246
Monthly P&I
$867/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,101/mo
incl. taxes & insurance
Income Needed
$44,040
gross annual (30% rule)
10% Down Option
$16,625
+ PMI applies
Loan Amount (20% dn)
$132,997
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 Ridgeway, VA?
The median home value in Ridgeway is $166,246 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.1% year-over-year.
How much have home prices changed in Ridgeway?
Over the past year, home values in Ridgeway have increased by 0.1%. Over five years, prices have risen approximately 30.8%.
How much do I need to earn to buy a home in Ridgeway?
To comfortably afford the median home price of $166,246 with a 20% down payment ($33,249) at today's rates (6.8%), you'd need a gross annual income of approximately $44,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Ridgeway compare to the national average home price?
The national median home value is approximately $410,000. At $166,246, homes in Ridgeway are 59% below the national average.
What metro area is Ridgeway part of?
Ridgeway is part of the Martinsville, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.