Real Estate Market Update for Ridgeland, MS
Welcome to November's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 10% from one year earlier, and down 9% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 270-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 19%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 250-thousand dollars. The number of units sold decreased 18% year-over-year, and decreased 42% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Ridgeland, MS
Area Information for Ridgeland, MS
  • Population: 24,938
  • Median Age: 33.44 yr
  • Median Commute Time: 18.59 mins
  • Educational Climate*: 5
  • Sales Tax: 7%
  • Population Density: 1,271/sq mi
  • Population Change Since 2000: 21.86%
  • Closest Airport: Jackson-evers International
  • Closest College: Tougaloo College
  • Closest Jr. College: Virginia College-jackson
  • Median Household Income: $53,539
  • Annual Residential Turnover: 20.36%
  • Median Years in Residence: 2.82 yr
  • Median Home Sales Price: $156,699
  • Closest Major Sports Team: Mississippi Braves
  • Change Avg. Household Income Since 2000: 22%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Ridgeland, MS
Median Age: 33.44 Married: 29% Number of Households: 11,349 Households with Children: 3,436
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Ridgeland, MS

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Ann Smith Elementary School 0.5 mi Public K-2 0 5
      Olde Towne Middle School 0.8 mi Public 6-8 4 4
      Ridgeland Pre School 0.8 mi Public PRESCHOOL-PRESCHOOL 0 0
      Highland Elementary School 1.3 mi Public 3-5 3 4
      Christ Covenant School 1.4 mi Private PRESCHOOL-8 0 5
      St Andrew's Episcopal School 1.4 mi Private PRESCHOOL-12 0 4
      Colonial Heights Baptist Church Kindergarten 1.5 mi Private PRESCHOOL-K 0 0
      Ridgeland High School 1.5 mi Public 9-12 3 4
      The Veritas School 2.4 mi Private 6-12 0 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Ridgeland, MS
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.