Ridgecrest, California Housing Market Prices
Ridgecrest Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 57% below the California median$280,525
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Median rent 42% below the California median$1,187
Housing Market Overview
| Metric | Ridgecrest | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $280,525 | $650,794 | $248,835 |
| Price Trend (Annual %) | 16.4% | 8.9% | 7.5% |
| Median Gross Rent | $1,187 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ridgecrest is about 57% lower than in California. Rent is about 42% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Ridgecrest, up about 16.4% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Ridgecrest rose about 37.0% between 2015 and 2024, from $866 to $1,187. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Ridgecrest.
Buying the median-priced home in Ridgecrest costs roughly 19.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ridgecrest. The price-to-rent ratio in California is about 26.6.
| Metric | Ridgecrest | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $280,525 | $650,794 | $248,835 |
| Median Household Income | $86,863 | $99,161 | $80,455 |
| Price-to-Income Ratio | 3.2 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ridgecrest rose about 137.6%, while median household income rose about 40.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Ridgecrest | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.8% | 51.7% | 58.5% |
| Rental Rate | 35.1% | 40.8% | 31.2% |
| Vacancy Rate | 7.1% | 7.5% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Ridgecrest has a homeownership rate of 57.8%, higher than the California average of 51.7%. Its housing vacancy rate is 7.1%, compared with 7.5% in California.
Housing Stock
| Metric | Ridgecrest | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1980 | 1975 | 1978 |
| Median Number of Rooms | 5.3 | 5.0 | 5.5 |
The typical housing unit in Ridgecrest was built around 1980. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ridgecrest, California.
What is the median home price in Ridgecrest, California?
The median home price in Ridgecrest, California is $280,525, lower than the California average of $650,794.
What is the average home price in Ridgecrest, California?
The typical home price in Ridgecrest, California, reported as the median sale price, is $280,525. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Ridgecrest, California?
The median gross rent in Ridgecrest, California is $1,187 per month, lower than the California average of $2,036.
What was the median gross rent in Ridgecrest in 2020?
In 2020, the median gross rent in Ridgecrest, California was $945 per month.
What is the price-to-rent ratio in Ridgecrest, California?
The price-to-rent ratio in Ridgecrest, California is about 19.7, meaning it would take roughly 19.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ridgecrest.
Are home prices or rent rising faster in Ridgecrest, California?
Both home prices and rent are rising in Ridgecrest, up about 16.4% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ridgecrest, California?
57.8% of households in Ridgecrest, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Ridgecrest, California?
The housing vacancy rate in Ridgecrest, California is 7.1%, lower than the California average of 7.5%.
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