Ripley, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ripley, MS Real Estate Data


Ripley Housing Market Information

With 5,357 people, 2,061 houses or apartments, and a median cost of homes of $89,442, the cost of homes in Ripley is among some of the lowest in the nation. Compared to Mississippi, however, Ripley real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Ripley, accounting for 77.49% of the city's housing units. Other types of housing that are prevalent in Ripley include duplexes, homes converted to apartments or other small apartment buildings ( 12.22%), mobile homes or trailers ( 4.90%), and a few large apartment complexes or high rise apartments ( 4.73%).

The most prevalent building size and type in Ripley are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.58% owning and 45.42% renting.

There is a lot of housing in Ripley 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 Ripley built between 1940-1969 ( 42.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.13%). There's also some housing in Ripley built before 1939 ( 5.48%).

Ripley Home Appreciation Rates

Appreciation rates for homes in Ripley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.93%, which ranks in the top 50% nationwide. This equates to an annual average Ripley house appreciation rate of 0.48%.

Over the last year, Ripley appreciation rates have trailed the rest of the nation. In the last twelve months, Ripley's appreciation rate has been 3.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ripley were at 1.35%, which equates to an annual appreciation rate of 5.52%.

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

Average Home Values

 

Median Home Value:
$89,442

Ripley, MS HOME PRICES

Value Range
> $1,066,000 0.0
$799,001 - $1,066,000 0.0
$533,001 - $799,000 0.2
$426,001 - $533,000 0.0
$320,001 - $426,000 0.4
$213,001 - $320,000 5.1
$107,001 - $213,000 28.2
$53,001 - $107,000 37.4
$0 - $53,000 28.6

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
85.717631902559 52.2448979591837

Number Of Homes And Apartments:
2,061

Rent & Ownership

 

Average Market Rent:
$817 / per month

Homeownership Rate

Homeownership
Owners 54.58
Renters 45.42
Vacant 8.11

Housing Market Details

 

Age of Homes

AGE OF Ripley HOMES
2000 or Newer 7.1
1970 - 1999 45.3
1940 - 1969 42.0
1939 or Older 5.5

Types of Homes

TYPE OF Ripley HOMES
Single-Family 77.5
Townhomes 0.7
Small Apt. Buildings 12.2
Apt. Complexes 4.7
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Ripley HOMES
No Bedroom 2.76
1 Bedroom 5.62
2 Bedrooms 29.92
3 Bedrooms 48.64
4 Bedrooms 12.62
5 or more bedrooms 0.45

Ripley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
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
22.50% 1.20% 2 2
* 10 is highest

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Zip Codes in Ripley, MS