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Ridgeway, VA
Full City Profile · Virginia · Martinsville city County
3.2
/5.0
B
Good
1,082
Population
1,127/sq mi density
$60,938
Median Income
$24,337 per capita
$147,400
Home Value
$159,404 Zillow
$745
Median Rent
24.2% income on rent
56°F
Avg Temperature
305 sunny days/yr
356
Violent Crime/100K
2,797 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$60,938 median income, 0.7% unemployment
A+
Affordability
5.0 / 5.0
$147,400 home value, $745/mo rent
F
Safety
1.0 / 5.0
356 violent crimes/100K
C+
Education
2.7 / 5.0
21.4% bachelor's degree or higher
Housing Overview
Median Home Value
$147,400
48% below
US avg: $281,900
Median Rent
$745/mo
36% below
US avg: $1,163/mo
Homeownership Rate
79.7%
22% above US avg (65.4%)
Total Housing Units
353
Median year built: 1977
Home Value by Source
Census Median
$147,400
Zillow (ZHVI)
$159,404
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
79.7%
Owner-Occupied
20.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,137/mo
1 Bedroom
$1,181/mo
2 Bedroom
$1,369/mo
3 Bedroom
$1,787/mo
4 Bedroom
$2,126/mo
Census median rent:
$745/mo
Affordability & Housing Stock
Rent Burden
24.2%
of renters spending 30%+ of income on housing
22% below US avg (31.0%)
Median Year Built
1977
Average age of housing stock: 49 years
Homeownership Rate
79.7%
Complete Housing Data
Home Values
| Census Median Value | $147,400 |
| Zillow Home Value (ZHVI) | $159,404 |
Rent
| Census Median Rent | $745 |
| FMR Studio | $1,137 |
| FMR 1-Bedroom | $1,181 |
| FMR 2-Bedroom | $1,369 |
| FMR 3-Bedroom | $1,787 |
| FMR 4-Bedroom | $2,126 |
Market
Ownership & Stock
| Owner-Occupied | 79.7% |
| Renter-Occupied | 20.3% |
| Homeownership Rate | 79.7% |
| Total Housing Units | 353 |
| Median Year Built | 1977 |
| Rent Burden | 24.2% |