Ripon appreciation rates and housing market information

Ripon housing market information

With 7,733 people, 3,111 houses or apartments, and a median cost of homes of $138,052, Ripon real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Ripon, accounting for 63.45% of the city's housing units. Other types of housing that are prevalent in Ripon include large apartment complexes or high rise apartments (19.70%), duplexes, homes converted to apartments or other small apartment buildings (12.54%), and a few mobile homes or trailers (2.51%).

The most prevalent building size and type in Ripon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.53% owning and 32.95% renting.

The housing in Ripon was primarily built before 1939 (35.91%), making the housing stock in Ripon some of the oldest overall in America, although there is a range of ages of homes in Ripon. The next most important housing age is between 1940-1969 (32.82%), followed by between 1970-1994 (26.42%). There's also some housing in Ripon built between 1995 and later (4.85%).

Ripon home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Ripon, where house values have increased just 20.08%, which is annualized rate of 1.85%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Ripon's appreciation rate, at -0.08%, has been at or slightly above the national average. In the latest quarter, Ripon's appreciation rate has been 0.04%, which annualizes to a rate of 0.15%.

Relative to Wisconsin, our data show that Ripon's latest annual appreciation rate is lower than 60% of the other cities and towns in Wisconsin.

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