Home Values

Ridgeland Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median price of homes currently listed in Ridgeland is $159,900 while the median price of homes that sold is $252,290. The median rent price in Ridgeland is $989, which is lower than the Hilton Head Island Metro median of $1,300.

Foreclosures will be a factor impacting home values in the next several years. In Ridgeland 2.4 homes are foreclosed (per 10,000). This is lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Ridgeland is 8.3%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Ridgeland homeowners underwater on their mortgage is 29.2%.

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Relative ZHVI
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Ridgeland Market Overview

Data through Feb 28, 2015
  • No data ZHVI
  • No data 1-yr forecast
  • $159,900 Median listing price
  • No recent data Median sale price
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Ridgeland Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 29.2% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 8.3% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Okatie $233,400
Seabrook $230,800
Bluffton $198,700
Name Median ZHVI
Shell Point $158,600
Burton $140,900
Port Royal $133,100
Name Median ZHVI
Rincon $131,200
Laurel Bay $108,400
Port Wentworth $106,100

Listings & Sales

Data through Feb 28, 2015
  • $104 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 12.4% Listings with price cut
29.7%
Sold below listing
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Ridgeland Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,177 Ridgeland
    $1,569 Hilton Head Island Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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