Property Investment Opportunities in Ridgefield, WA
Situated just east of the Columbia River, Ridgefield, Washington is a city nestled among the lush, rolling hills of Clark County. While Ridgefield is located in a rural setting, it remains a part of the Portland-Vancouver metropolitan area, which means you’re never far away from abundant entertainment, dining and nightlife opportunities.
The quaint, small-town charm of Ridgefield attracts those who work in Vancouver, WA and even Portland, OR, but who prefer to come home to quiet, serene surroundings. Whether you’re looking for a short-term or long-term property investment in the luxury real estate market, Ridgefield holds untapped potential. Start searching for investment opportunities in Ridgefield, WA with help from Terrie Cox, RE/MAX Equity Group.
Ridgefield Property Investments
Over the last few years, the median sales prices for homes in Ridgefield, Washington have been on the rise, a trend that’s expected to continue – especially as the population of the Portland-Vancouver area continues to swell. In fact, between 2018 and 2019, sales prices rose nearly 3%. In terms of investing, a luxury home bought today will likely earn a sizable return during resale, even if you intend to remodel and sell it within a six-month timeframe.
If you plan on purchasing an investment property with the intention to rent it out to individuals and their families, Ridgefield offers a unique value proposition. The median household income for families in Ridgefield is over $93,000 – that’s $35,000 more than the national average. Not to mention, rent prices for homes with 4 or more bedrooms rose over 19% between March 2018 and February 2019.
All things considered, Ridgefield’s location – it’s just 15 miles north of Vancouver – coupled with current real estate market trends make it an attractive place to purchase investment properties that appeal to the wants and needs of high-end renters and luxury homebuyers.
Luxury Homes for Sale in Ridgefield, WA
Looking to turn a profit with a property investment in Ridgefield, Washington? Get in touch with World-Ranked RE/MAX Broker Terrie Cox. With decades of experience in the Portland-Vancouver real estate market, she’s well-equipped to help you make a sound investment in the current real estate market. And when it comes time to sell your investment property, Terrie will put her expertise to work for you yet again, helping ensure you receive top value for your luxury home.