Ripley, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ripley Neighborhoods Since 2000




Ripley, MS 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

Ripley Housing Market Information

With 5,357 people, 2,067 houses or apartments, and a median cost of homes of $85,219, 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 78.64% 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 ( 9.25%), mobile homes or trailers ( 7.24%), and a few large apartment complexes or high rise apartments ( 3.85%).

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 56.80% owning and 43.20% 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 ( 38.40%). A lesser amount of the housing stock also hails from before 1939 ( 4.90%). There's also some housing in Ripley built between 2000 and later ( 4.56%).

Vacant housing appears to be an issue in Ripley. Fully 13.44% of the housing stock is classified as vacant. Left unchecked, vacant Ripley homes and apartments can be a drag on the real estate market, holding Ripley real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 8.57%, which ranks in the top 40% nationwide. This equates to an annual average Ripley house appreciation rate of 0.83%.

NeighborhoodScout's data show that during the latest twelve months, Ripley's appreciation rate, at 4.11%, has been at or slightly above the national average. In the latest quarter, Ripley's appreciation rate has been 0.54%, which annualizes to a rate of 2.17%.

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

Average Home Values

 

Median Home Value:
$85,219

Ripley, MS HOME PRICES

Value Range
> $1,090,000 0.0
$818,001 - $1,090,000 0.0
$545,001 - $818,000 0.2
$437,001 - $545,000 0.4
$327,001 - $437,000 1.2
$218,001 - $327,000 5.2
$109,001 - $218,000 25.4
$54,001 - $109,000 39.3
$0 - $54,000 28.3

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
87.2729403492324 57.1428571428571

Number Of Homes And Apartments:
2,067

Ripley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
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
29.52% 1.51% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$791 / per month

Homeownership Rate

Homeownership
Owners 56.80
Renters 43.20
Vacant 13.44

Housing Market Details

 

Age of Homes

AGE OF Ripley HOMES
2000 or Newer 4.6
1970 - 1999 52.1
1940 - 1969 38.4
1939 or Older 4.9

Types of Homes

TYPE OF Ripley HOMES
Single-Family 78.6
Townhomes 1.0
Small Apt. Buildings 9.3
Apt. Complexes 3.9
Mobile Homes 7.2
Other 0.0

Home Size

SIZE OF Ripley HOMES
No Bedroom 3.64
1 Bedroom 4.40
2 Bedrooms 32.20
3 Bedrooms 45.64
4 Bedrooms 13.65
5 or more bedrooms 0.46

Popular Communities Near Ripley, MS

Zip Codes in Ripley, MS