Real Estate in Ridgewood, NJ
Updated 2026 • Housing market data from 2 zip codes • Redfin data through January 2026
📊 Ridgewood, NJ Market Activity
The Ridgewood housing market shows a median sale price of $1,175,000, 15.0% higher than last year. The price per square foot is $575, 575% above the national median of ~$215/sqft, up 9.0% year-over-year. Homes in Ridgewood spend a median of 64 days on market, longer than the national median of 42 days — giving buyers more negotiation room.
🏘️ Ridgewood Rental Market
The average rent in Ridgewood, NJ is $3,288 per month. A 2-bedroom apartment rents for approximately $3,125/month.
📦 Ridgewood Housing Supply & Demand
There are 21 new listings and 18 active properties on the market.
🏆 Ridgewood Market Competitiveness
Homes in Ridgewood sell for an average of 109.0% of their asking price. About 79% of properties sell above list price, indicating strong competition among buyers.
On average, homes sell at or above asking price
79% of sales closed above asking, % at or below
📋 Housing Overview
Ridgewood, NJ Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 1949000, the balance between renting (17%) and owning (83%), and a population of 26168 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $1,949,000 and average rents of $3,288/month, the median household income of $211,224 provides context for affordability in Ridgewood. Whether you're looking to buy property in Ridgewood or invest in Ridgewood real estate, understanding the price-to-rent ratio helps determine if renting or owning makes more financial sense for your situation.
Economy & What Drives Ridgewood Real Estate
Real estate values in Ridgewood, NJ are driven by local employment, school quality, and quality of life. The cost of living index of 166.2 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $211,224, residents have above-average purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across Ridgewood neighborhoods.
Pros & Cons
Pros
- •Family-friendly events
- •Great schools available
- •Rich cultural activities
- •Vibrant nightlife
- •Diverse community
- •Good public transport access
- •Friendly neighborhoods
- •Abundant parks nearby
- •Low crime rate
- •Strong job market
Cons
- •Limited shopping variety
- •Traffic congestion issues
- •Limited nightlife options
- •High property taxes
- •Political polarization present
- •Long commutes to NYC
- •Fewer kids activities
- •Racial diversity challenges
- •High cost of living
- •Lack of affordable housing
Frequently Asked Questions
What is the cost of living in Ridgewood, NJ? ▼
The cost of living in Ridgewood, NJ is 66% higher than the national average, with a cost of living index of 166 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Ridgewood, NJ? ▼
In Ridgewood, NJ, The median home price is $1,949,000. requiring approximately $460,500 annual income to afford. Average rent is $3,288/month (requiring ~$131,505/year income). The local median household income is $211,224, making homeownership challenging for typical residents. Explore Ridgewood real estate data →
Is Ridgewood, NJ a safe place to live? ▼
Ridgewood, NJ is relatively safe, with crime rates below the national average. The crime rate is 8.0 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Ridgewood crime statistics →
What salary do you need to live comfortably in Ridgewood, NJ? ▼
To live comfortably in Ridgewood, NJ and afford a median-priced home of $1,949,000, you would typically need a household income of $487,250 to $609,062 per year. The local median household income is $211,224. Renting requires approximately $131,505/year (at $3,288/month). See full affordability analysis →
Is Ridgewood, NJ growing? ▼
Ridgewood, NJ has a population of 26,168. As a smaller community, population trends depend on local housing development, job growth, and quality of life factors. The higher cost housing market and strong job market shape migration patterns. See Ridgewood population demographics →
What are the best neighborhoods in Ridgewood, NJ? ▼
The best neighborhoods in Ridgewood, NJ depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods farther from the city center tend to offer more affordable options. Explore Ridgewood on our interactive map →
What is the commute like in Ridgewood, NJ? ▼
Commute times in Ridgewood, NJ vary by neighborhood and workplace location. As a smaller community, residents typically drive, as public transit is limited. The moderate cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Ridgewood, NJ? ▼
Tax rates in Ridgewood, NJ include state and local components. The cost of living index of 166 indicates a higher cost environment compared to the national average. View detailed Ridgewood tax information →
How does Ridgewood, NJ compare to nearby cities? ▼
Ridgewood, NJ offers comparable costs to nearby communities. With a cost of living index of 166, median home prices of $1,949,000, and a crime rate of 8.03 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Ridgewood, NJ? ▼
Weather in Ridgewood, NJ varies by season. Climate data varies by season. View detailed Ridgewood climate & environment data →
Is it better to rent or buy in Ridgewood, NJ? ▼
With a median home price of $1,949,000 and average rents of $3,288/month, the price-to-rent ratio in Ridgewood is 49.4x. This leans toward renting being more cost-effective in the short term, though long-term appreciation may favor buying. See full cost analysis →
What is the price per square foot in Ridgewood, NJ? ▼
The median price per square foot in Ridgewood is $575, which is 168% above the national median of ~$215/sqft. This reflects the area's demand, construction costs, and proximity to employment centers.
How fast do homes sell in Ridgewood, NJ? ▼
Homes in Ridgewood spend a median of 64 days on market before going under contract. This indicates homes take longer than the national median of 42 days, giving buyers more negotiating room. View full market data →
Explore More About Ridgewood, NJ
📅 Last Updated: January 2026
Sources: U.S. Census Bureau, Zillow, Redfin