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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Ridgely, TN Housing Affordability Index

Ridgely, Tennessee has an MBR Housing Affordability Index score of 150.4 (Highly Affordable) as of October 30, 2026, ranking 112th most affordable of 380 scored Tennessee cities, compared with 103.7 statewide and 97.4 nationally. On a median-priced $83,300 home with 20% down, the Tennessee average 30-year fixed rate of 7.18% means a monthly principal and interest payment of about $452, or 22% of the city’s $24,390 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Ridgely is updated every night from live Tennessee mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Ridgely MBR-HAI 150.4 Highly Affordable
Rank in Tennessee 112 of 380 1 = most affordable
Tennessee 103.7 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.18% Tennessee lenders
Median home value $83,300 U.S. Census Bureau

Ridgely is 46.6 points above the Tennessee score. Scores as of October 30, 2026. See the Tennessee index

View Ridgely Mortgage Rates

What It Takes to Buy in Ridgely

$452/mo
Principal & Interest
Median home, 20% down, 7.18%
$19,400
Income Needed
To keep the payment at 28% of income
$24,390
Median Household Income
Tennessee: $69,595
3.4x
Price-to-Income Ratio
Tennessee: 4.1x
$653/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$562/yr
Median Property Tax
0.67% of median value
24.4%
Owner Cost Burden
Owners spending 30%+ of income on housing
19.4%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Ridgely, Tennessee. The rate is the Tennessee average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Ridgely Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Ridgely, Tennessee score: 150.4 (Highly Affordable), ranked 112 of 380 Tennessee cities. monitorbankrates.com/housing-affordability-index/tennessee/ridgely”