Similar to its nearby areas, it's a lot less expensive compared to the country as a whole. It is substantially less expensive compared to the city of Champaign.
Home prices
The median home in Ridge Farm is valued at $63,700. This is approximately $660 (1%) lower in comparison to its surrounding areas.Compared to the entire country it is about $153,800 (70%) lower, and is about $98,100 (60%) lower compared to the city of Champaign.
Rents
The median monthly rent in Ridge Farm is $709. It is roughly $51 (7%) higher compared to other places in this area.It is roughly $353 (33%) lower compared to the US as a whole, and is about $243 (25%) lower compared to the city of Champaign.
Nearby places
Olivet
Olivet is roughly 3 miles north of Ridge Farm. Its housing prices are a bit more expensive. The median home price in Olivet is $69,000, which works out to $5,300 (7%) higher than Ridge Farm. Rents there are fairly similar. Olivet's median rent is $687 per month, which comes out to $22 (3%) lower than Ridge Farm.
Indianola
Indianola is roughly 4 miles northwest of Ridge Farm. Its housing prices are a lot less expensive. The median home in Indianola is valued at $46,900, which is $16,800 (35%) lower than Ridge Farm. The rent there is somewhat less expensive. In Indianola the median monthly rent is $638, which is $71 (11%) lower than Ridge Farm.
Chrisman
Chrisman is roughly 6 miles south of Ridge Farm. The housing prices there are somewhat more expensive. The median home in Chrisman costs $77,000, which comes out to $13,300 (17%) higher than Ridge Farm. Its rents are somewhat less expensive. The median rent in Chrisman is $564 a month, which comes out to $145 (25%) lower than Ridge Farm.
Sidell
Sidell is approximately 7 miles west of Ridge Farm. The housing prices there are a bit less expensive. The value of the median home in Sidell is $58,400, which is $5,300 (9%) lower than Ridge Farm. The rent there is a little less expensive. In Sidell the median monthly rent is $629, which is $80 (12%) lower than Ridge Farm.
Cayuga
Cayuga is approximately 9 miles east of Ridge Farm. Real estate prices there are a little more expensive. The median home in Cayuga is valued at $70,500, which comes out to $6,800 (9%) higher than Ridge Farm. Rents there are somewhat more expensive. Cayuga's median rent is $771 per month, which comes out to $62 (8%) higher than Ridge Farm.
