Much like its nearby areas, it's significantly more expensive compared to the entire nation. However compared to the city of Washington, it is substantially less expensive.
Home prices
The median home in Spring Ridge is valued at $341,300. In comparison to its surrounding areas this is approximately $7,980 (2%) higher.Compared to the rest of the nation it is about $123,800 (56%) higher, and in comparison to the city of Washington it is roughly $260,200 (43%) lower.
Rents
In Spring Ridge the median monthly rent is $1,654. In comparison to nearby areas it is approximately $25 (1%) higher.It is about $592 (55%) higher in comparison to the rest of the country, and is approximately $113 (7%) higher compared to the city of Washington.
Nearby places
Linganore
Linganore is Spring Ridge's neighbor to the east. Its real estate prices are a little more expensive. The price of the median home in Linganore is $388,700, which comes out to $47,400 (12%) higher than Spring Ridge. Rent there is a bit more expensive. In Linganore the median monthly rent is $2,016, which works out to $362 (17%) higher than Spring Ridge.
New Market
New Market is about 3 miles east of Spring Ridge. Housing prices there are a little more expensive. The cost of the median home in New Market is $449,400, which comes out to $108,100 (24%) higher than Spring Ridge. Its rents are somewhat more expensive. New Market's median monthly rent is $1,795, which works out to $141 (7%) higher than Spring Ridge.
Frederick
Frederick is approximately 3 miles northwest from Spring Ridge. Its housing prices are somewhat less expensive. Frederick's median home price is $270,400, which is $70,900 (26%) lower than Spring Ridge. The rent there is somewhat less expensive. The median monthly rent in Frederick is $1,396, which is $258 (18%) lower than Spring Ridge.
Ballenger Creek
Ballenger Creek is approximately 3 miles southwest of Spring Ridge. Its housing prices are a little less expensive. The median home in Ballenger Creek is valued at $267,300, which works out to $74,000 (27%) lower than Spring Ridge. Rent there is fairly similar. The median rent in Ballenger Creek is $1,595 a month, which is $59 (3%) lower than Spring Ridge.
Walkersville
Walkersville is approximately 5 miles north from Spring Ridge. Real estate prices there are somewhat less expensive. The median home in Walkersville is valued at $290,800, which comes out to $50,500 (17%) lower than Spring Ridge. Rent there is a bit less expensive. In Walkersville the median rent is $1,344 a month, which works out to $310 (23%) lower than Spring Ridge.
