Commercial Real Estate Market in Ridgely, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
10 active listings and 133 off-market properties in Ridgely, TN.
Market Trends
Ridgely, TN spans 139.4 square miles in Lake County, Tennessee. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Ridgely, TN 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, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Ridgely, TN 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, TN 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 100%
Largest Zones share of zoned land by district
Forest Agriculture And Residential
Ridgely, TN zones 1,124 acres across 1 districts. The largest single district is Forest Agriculture And Residential at 100%.
Forest Agriculture And Residential (FAR)
This district is established to allow for a minimal amount of land regulations within an area to be used primarily for agriculture, forestry and low density residential development
Market overview
Demographics & Economy
Ridgely, TN has 2,408 residents in 1,126 households. Density runs 17 people per square mile. Median household income here is $33,750 and median gross rent $613 a month.
2,408
Population
1,126
Households
2.1
Avg Household Size
45
Median Age
11%
College-Educated
68%
High-School Grad
139.4 sq mi
ZIP Area
17
Density / Sq Mi
$33,750
Median Household Income
$30,034
Median Earnings
$613
Median Rent
$80,200
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Ridgely?
Commercial property in Ridgely, TN asks an average of $362 per square foot. The 6 most recent recorded sales traded at a median of $3/SF, so asking sits 13074% above the achieved median.
What zoning applies to commercial property in Ridgely?
Ridgely, TN zones 1,124 acres across 1 districts, of which 0% is commercial and 0% industrial. The largest single district is Forest Agriculture And Residential at 100% of zoned land. This district is established to allow for a minimal amount of land regulations within an area to be used primarily for agriculture, forestry and low density residential development Residential zoning covers 100% and open space 0%.
Where does Realmo's Ridgely market data come from?
Realmo compiles Ridgely, TN figures from 6 recent recorded sales, 10 active sale listings, 133 tracked off-market properties, the current Ridgely zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Ridgely, TN. 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: 1,124 zoned acres across 1 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 30 September 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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 30 September 2026 · How Realmo checks market page data · Report a data issue
