Commercial Real Estate Market in Ridgely, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 95 off-market properties in Ridgely, MD. Commercial property asks $7/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Ridgely, MD spans 32.7 square miles in Caroline County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ridgely, MD runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Ridgely, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Ridgely, MD runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Ridgely, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 79.9%
- Industrial 14.6%
- Commercial 5.5%
Largest Zones share of zoned land by district
Single Family And Agricultural District
Single Family District
General Industrial District
Mixed Residential District
Light Industrial District
Ridgely, MD zones 795 acres across 8 districts. Commercial zoning covers 5.5% of zoned land, residential 79.9% and industrial 14.6%. The largest single district is Single Family And Agricultural District at 42.2%. For commercial buyers the practical constraint is that only 20.1% of land carries a commercial or industrial designation.
Single Family And Agricultural District (R3)
The purpose of this zone is to provide for low density single family residential development and agricultural uses, preserving open space and rural character while allowing limited farming and related activities.
Market overview
Demographics & Economy
Ridgely, MD has 3,927 residents in 1,571 households. Density runs 120 people per square mile. Median household income here is $76,917 and median gross rent $1,008 a month.
3,927
Population
1,571
Households
2.5
Avg Household Size
41
Median Age
17%
College-Educated
88%
High-School Grad
32.7 sq mi
ZIP Area
120
Density / Sq Mi
$76,917
Median Household Income
$39,785
Median Earnings
$1,008
Median Rent
$322,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Greensboro | — | — |
| Hillsboro | — | — |
| Queen Anne | — | — |
| Goldsboro | — | — |
Commercial property in Ridgely, MD asks $7/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ridgely?
Commercial property in Ridgely, MD asks an average of $7 per square foot. The 5 most recent recorded sales traded at a median of $62/SF.
How much does it cost to lease commercial space in Ridgely?
Asking lease rates in Ridgely, MD average $10.00 per square foot per year.
What zoning applies to commercial property in Ridgely?
Ridgely, MD zones 795 acres across 8 districts, of which 5.5% is commercial and 14.6% industrial. The largest single district is Single Family And Agricultural District at 42.2% of zoned land. The purpose of this zone is to provide for low density single family residential development and agricultural uses, preserving open space and rural character while allowing limited farming and related activities. Residential zoning covers 79.9% and open space 0%.
Where does Realmo's Ridgely market data come from?
Realmo compiles Ridgely, MD figures from 7 recent recorded sales, 15 active sale listings, 1 active lease listings, 95 tracked off-market properties, the current Ridgely zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 1 active for-lease listings in Ridgely, MD. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 795 zoned acres across 8 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
