Ripon, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ripon, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ripon Housing Market Information

With 15,151 people, 5,103 houses or apartments, and a median cost of homes of $451,845, real estate costs in Ripon are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Ripon, accounting for 84.55% of the city's housing units. Other types of housing that are prevalent in Ripon include large apartment complexes or high rise apartments ( 7.00%), duplexes, homes converted to apartments or other small apartment buildings ( 4.06%), and a few row houses and other attached homes ( 3.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ripon. Owner-occupied housing accounts for 69.63% of Ripon's homes, and 68.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ripon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ripon built between 2000 and later ( 32.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.82%). There's also some housing in Ripon built before 1939 ( 4.65%).

Ripon Home Appreciation Rates

Ripon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ripon during the period has been just -1.40%, which is lower than 80% of US communities.

Appreciation rates are so strong in Ripon that despite a nationwide downturn in the housing market, Ripon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ripon appreciation rates continue to be some of the highest in America, at 6.47%, which is higher than appreciation rates in 77.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ripon. Ripon appreciation rates in the latest quarter were at 2.24%, which equates to an annual appreciation rate of 9.28%.

Importantly, this makes Ripon one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Ripon's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$451,845

Ripon, CA HOME PRICES

Value Range
> $1,384,000 2.0
$1,038,001 - $1,384,000 4.5
$692,001 - $1,038,000 12.0
$554,001 - $692,000 15.0
$415,001 - $554,000 23.4
$277,001 - $415,000 26.7
$138,001 - $277,000 13.2
$69,001 - $138,000 1.4
$0 - $69,000 1.8

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
7.33622407125278 45.8994708994709

Number Of Homes And Apartments:
5,103

Ripon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
70.85% 3.15% 3 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,519 / per month

Homeownership Rate

Homeownership
Owners 69.63
Renters 30.37
Vacant 3.17

Housing Market Details

 

Age of Homes

AGE OF Ripon HOMES
2000 or Newer 32.1
1970 - 1999 51.4
1940 - 1969 11.8
1939 or Older 4.6

Types of Homes

TYPE OF Ripon HOMES
Single-Family 84.6
Townhomes 3.7
Small Apt. Buildings 4.1
Apt. Complexes 7.0
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Ripon HOMES
No Bedroom 0.70
1 Bedroom 4.38
2 Bedrooms 17.53
3 Bedrooms 45.29
4 Bedrooms 23.06
5 or more bedrooms 9.03

Popular Neighborhoods in Ripon

Zip Codes in Ripon, CA