A typical Ridgeway home is worth roughly $365,000
Home prices around Ridgeway have risen about 52% over the past 5 years.
What kind of housing town is Ridgeway?
Read from the numbers below. The page puts what stands out first.
Home prices up 52% in 5 years
The federal house price index for the ZIP codes around Ridgeway rose 52% over the past 5 years, faster than across Alaska (39%). Last year prices rose 7.4%. Carrying the Census median home value forward with that index puts the typical Ridgeway home at roughly $365,000 today.
Carrying the Census median forward with the index puts a typical home at about $365K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Ridgeway, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 4 years of income
About the same as across Alaska. Try your own numbers below.
That’s $7K short of a typical Ridgeway home.
A two-bedroom rents for about $1,310 a month here, $830 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Ridgeway’s typical property tax (0.75% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,310
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Kenai Peninsula Borough, AK): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
75% of Ridgeway households own their home
Half of Ridgeway’s homes were built before 1991.
Alaska: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Ridgeway vs. its neighbors
Ridgeway is the 3rd least expensive of 5 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Ridgeway | $365K* | +7.4%† | $1,310 | — | $90,391 |
| Sterling | $366K | +6.7% | $1,170 | — | $102,415 |
| Kalifornsky | $337K* | +7.7%† | $1,350 | — | $93,508 |
| Kenai | $331K | +6.2% | $1,250 | 77 | $87,083 |
| Soldotna | $372K | +7% | $1,330 | 39 | $56,280 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Ridgeway buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.