Ridgeway, Virginia.
Typical home $163,043 (+1.1% in a year). Martinsville, VA metro.
to buy the typical home at today's mortgage rate — +$469 (+121%) since Jan 2020.
- 1 year
- Up $1,841 +1%
- $161,202$163,043 since Sep 2025
- 5 years
- Up $33,910 +26%
- $129,133$163,043 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Ridgeway$856
- Virginia$2,164
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Ridgeway, VA rose 1.1% over the past year — in step with the nation.
Living in Ridgeway, Henry County, Virginia
Ridgeway is a town of 752 people in Henry County. 82% of its homes are lived in by their owners and 18% are rented. Unemployment in Henry County was 4.9% in August 2026, and the county had 2.2% fewer jobs in 2025 than the year before. The most people in Henry County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Ridgeway is a very small town in Henry County, Virginia, where nearly everyone owns the home they live in and most households sit comfortably above the poverty line. Homes cost less than in much of the country, and household incomes across Henry County run below the national picture. Winters are cold, with some snow, summers are warm, and rain falls fairly evenly through the year.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, shops, and professional and business services close behind. Across Henry County, some of the largest workplaces are Henry County Public Schools, Monogram Snacks Martinsville and United Felts. Most people drive a good distance to work, and few work from home. Unemployment across the county is a little lower than a year ago, though the county has fewer jobs than it did the year before.
Things to do. Martinsville Speedway, a race track, and the Virginia Museum of Natural History are both a short drive away. Mayo River State Park, a protected area along the river, is also a short drive away. For a longer outing, Hanging Rock State Park is a longer drive away, known for its waterfalls and trails.
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- 24%of adults have a degree
- 6%below the poverty line
- 34 mintypical commute
- 8%work from home
What people in Henry County work in
Employed residents by industry, from the Census survey. Henry County had 15,384 jobs in 2025, 2.2% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 48° and lows near 24°; warmest in July, with highs near 88° and lows near 64°. About 9 inches of snow and 47 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Martinsville Fltr Plt weather station, 9 miles away (NOAA).
Largest workplaces in Henry County
- Henry County Public SchoolsSchool district1,128FTE
- Monogram Snacks MartinsvilleSausages and other prepared meats796
- Henry County VirginiaGeneral services departments, government634
- United FeltsWet laid nonwoven fabrics manufacturing469
- Press GlassIndustrial glassware made from purchased glass407
- Eastman Performance FimsSheet, laminated plastics, manufacturing367
- Patrick & Henry Community CollegeTwo-year college331
- Live Comfortably, LLC - MartinisvillePillows, bed, made from purchased materials327
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 51 workplaces with 20 or more staff, 6,731 people in all across the county; Ridgeway has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingRelatively high
- Ice stormsRelatively high
- Strong windRelatively high
- DroughtRelatively moderate
- LightningRelatively moderate
- HailRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Ridgeway’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Henry County and the Martinsville, VA metro.
Ridgeway home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Ridgeway$163,043
- Virginia$412,252
- United States$366,157
Sellers are cutting prices on about 1 in 3 Ridgeway listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Ridgeway30.40%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Ridgeway25
New listings per month
Sellers arriving at the market.
- Ridgeway7
Zip codes with a Ridgeway address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Ridgeway — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.