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Single Family ResidenceResidential
$59,063$30 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 51How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026

5540 RIDGEWOOD ST

DETROIT, MI 48204
2 / 1
Baths
1,983 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.12 ac
Lot SizeThe size of the land the home sits on, from county records.
1923
Year BuiltThe year the home was originally built, according to county records.
3
StoriesHow many floors the home has above ground.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$59K
$30K low$88K high
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$59,063
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$47,250

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$925 (2023)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$20,100 (2025)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$17,300
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$40,200

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyWayne
Lot (acres)The size of the land the home sits on, from county records.0.12
HeatingThe type of heating system in the home.Forced Air
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Porch · 53 ft²

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Sampson-Webber Leadership AcademyC-
Elementary · Grades PK–8 · 1.2 mi
H
Northwestern High SchoolC-
High · Grades 9–12 · 1.8 mi

District: Detroit Public Schools Community District

Neighborhood · ZIP 48204These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.160
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.91
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.30

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.72%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.6.3%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.30%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.21,751
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,342 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$34,600
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$50,602
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.33 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.53%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

5540 Ridgewood St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 90% of homes in Wayne County
  • Costs less per square foot than 98% of homes in Wayne County
  • Bigger than 83% of homes in Wayne County
  • Has a bigger lot than 90% of homes in Midwest
  • Older than 90% of homes in Wayne County

What homes are worth in Detroit 48204

Each bar is how many homes fall in that price range. The marker is this home.

This home
$22K$188K

This home is worth more than 54% of homes in Detroit 48204.

How it measures up in Detroit 48204

The dot is this home. The mark in the middle is the typical home in Detroit 48204.

Estimated value$59,063
CheaperTypical $56,011Pricier

Pricier than 54% of homes nearby

Price per ft²$30
CheaperTypical $45Pricier

Pricier than 18% of homes nearby

Living area1,983 ft²
SmallerTypical 1,342 ft²Bigger

Bigger than 81% of homes nearby

Lot size0.12 ac
SmallerTypical 3,920 ft²Bigger

Bigger than 87% of homes nearby

Year built1923
OlderTypical 1924Newer

Newer than 43% of homes nearby

How 5540 Ridgewood St ranks against every home in each area.
MeasureThis homeMidwestDetroit 48204Wayne County
Estimated valuepricier than$59,06370% of homes54% of homes10% of homes
Price per ft²pricier than$3018% of homes18% of homes2% of homes
Living areabigger than1,983 ft²81% of homes81% of homes83% of homes
Lot sizebigger than0.12 ac90% of homes87% of homes34% of homes
Year builtnewer than192372% of homes43% of homes10% of homes

About 5540 Ridgewood St

How much is 5540 Ridgewood St, Detroit, MI worth?

The TopHap Estimate for 5540 Ridgewood St, Detroit, MI is $59,063 as of Jul 14, 2026. The likely range is $30,356 to $87,770. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5540 Ridgewood St, Detroit, MI last sell?

5540 Ridgewood St, Detroit, MI last sold on Dec 15, 2001, according to the county's recorded deed.

How big is 5540 Ridgewood St, Detroit, MI?

5540 Ridgewood St, Detroit, MI has 2 bathrooms, 1,983 square feet of living space and a 0.12-acre lot.

When was 5540 Ridgewood St, Detroit, MI built?

5540 Ridgewood St, Detroit, MI was built in 1923, making it 103 years old. The building has 3 stories.

What schools serve 5540 Ridgewood St, Detroit, MI?

5540 Ridgewood St, Detroit, MI is assigned to Sampson-Webber Leadership Academy (elementary), rated C-; Northwestern High School (high), rated C-. All sit in Detroit Public Schools Community District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5540 Ridgewood St, Detroit, MI compare to other homes in Detroit 48204?

Among the 9,955 homes in Detroit 48204, it is worth more than 54% of them ($59,063 against a typical $56,011), its price per square foot is higher than 18% of them ($30 against a typical $45), it is bigger than 81% of them (1,983 ft² against a typical 1,342 ft²), its lot is bigger than 87% of them (0.12 ac against a typical 3,920 ft²) and it is newer than 43% of them (1923 against a typical 1924). Measured against all of Wayne County, it is worth more than 10% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 5540 Ridgewood St, Detroit, MI?

The 2023 property tax bill for 5540 Ridgewood St, Detroit, MI was $925. The county assessed it at $20,100.

Closest homes

More homes in Detroit 48204

Assigned schools

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