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Ridgely, TN
Full City Profile · Tennessee · Lake County County
2.6
/5.0
C+
Fair
1,723
Population
870/sq mi density
$24,412
Median Income
$17,923 per capita
$74,500
Home Value
$107,158 Zillow
$571
Median Rent
24.9% income on rent
58°F
Avg Temperature
299 sunny days/yr
914
Violent Crime/100K
1,158 property/100K
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.2 / 5.0
$24,412 median income, 2.7% unemployment
A+
Affordability
5.0 / 5.0
$74,500 home value, $571/mo rent
F
Safety
1.0 / 5.0
914 violent crimes/100K (141% above avg)
C
Education
2.0 / 5.0
13.0% bachelor's degree or higher
Housing Overview
Median Home Value
$74,500
74% below
US avg: $281,900
Median Rent
$571/mo
51% below
US avg: $1,163/mo
Homeownership Rate
37.9%
42% below US avg (65.4%)
Total Housing Units
671
Median year built: 1973
Home Value by Source
Census Median
$74,500
Zillow (ZHVI)
$107,158
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
37.9%
Owner-Occupied
62.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$882/mo
1 Bedroom
$924/mo
2 Bedroom
$1,118/mo
3 Bedroom
$1,445/mo
4 Bedroom
$1,644/mo
Census median rent:
$571/mo
Affordability & Housing Stock
Rent Burden
24.9%
of renters spending 30%+ of income on housing
20% below US avg (31.0%)
Median Year Built
1973
Average age of housing stock: 53 years
Homeownership Rate
37.9%
Complete Housing Data
Home Values
| Census Median Value | $74,500 |
| Zillow Home Value (ZHVI) | $107,158 |
Rent
| Census Median Rent | $571 |
| FMR Studio | $882 |
| FMR 1-Bedroom | $924 |
| FMR 2-Bedroom | $1,118 |
| FMR 3-Bedroom | $1,445 |
| FMR 4-Bedroom | $1,644 |
Market
Ownership & Stock
| Owner-Occupied | 37.9% |
| Renter-Occupied | 62.1% |
| Homeownership Rate | 37.9% |
| Total Housing Units | 671 |
| Median Year Built | 1973 |
| Rent Burden | 24.9% |