Ripon, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ripon, CA Real Estate Data


Ripon Housing Market Information

With a population of 15,151, 4,944 total housing units (homes and apartments), and a median house value of $483,766, 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 82.01% of the city's housing units. Other types of housing that are prevalent in Ripon include large apartment complexes or high rise apartments ( 8.86%), row houses and other attached homes ( 4.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.09%).

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 66.46% of Ripon's homes, and 67.25% 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 ( 31.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.24%). There's also some housing in Ripon built before 1939 ( 4.49%).

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 -1.93%, 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 8.29%, which is higher than appreciation rates in 92.98% 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 1.90%, which equates to an annual appreciation rate of 7.83%.

Relative to California, our data show that Ripon's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$483,766

Ripon, CA HOME PRICES

Value Range
> $1,530,000 2.2
$1,148,001 - $1,530,000 3.0
$765,001 - $1,148,000 9.0
$612,001 - $765,000 11.5
$459,001 - $612,000 26.2
$306,001 - $459,000 28.3
$153,001 - $306,000 16.5
$77,001 - $153,000 1.4
$0 - $77,000 1.9

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
6.66393394624349 42.668428005284

Number Of Homes And Apartments:
4,944

Rent & Ownership

 

Average Market Rent:
$1,609 / per month

Homeownership Rate

Homeownership
Owners 66.46
Renters 33.54
Vacant 2.23

Housing Market Details

 

Age of Homes

AGE OF Ripon HOMES
2000 or Newer 31.7
1970 - 1999 51.6
1940 - 1969 12.2
1939 or Older 4.5

Types of Homes

TYPE OF Ripon HOMES
Single-Family 82.0
Townhomes 4.4
Small Apt. Buildings 4.1
Apt. Complexes 8.9
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Ripon HOMES
No Bedroom 0.85
1 Bedroom 5.40
2 Bedrooms 17.98
3 Bedrooms 44.61
4 Bedrooms 22.64
5 or more bedrooms 8.52

Ripon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
69.90% 3.17% 4 8
* 10 is highest

Popular Neighborhoods in Ripon

Zip Codes in Ripon, CA