Ripley, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ripley Neighborhoods Since 2000




Ripley, TN 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 8,176 people, 3,356 houses or apartments, and a median cost of homes of $100,625, house prices in Ripley are solidly below the national average.

Single-family detached homes are the single most common housing type in Ripley, accounting for 67.01% 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 ( 21.10%), large apartment complexes or high rise apartments ( 8.85%), and a few mobile homes or trailers ( 2.26%).

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 37.26% owning and 62.74% 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 ( 35.23%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.37%). There's also some housing in Ripley built before 1939 ( 6.90%).

Vacant housing appears to be an issue in Ripley. Fully 10.58% 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

Real estate appreciation rates in Ripley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.63% during the period.

NeighborhoodScout's data show that during the latest twelve months, Ripley's appreciation rate, at 4.28%, has been at or slightly above the national average. In the latest quarter, Ripley's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ripley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ripley - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ripley real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$100,625

Ripley, TN HOME PRICES

Value Range
> $1,051,000 0.0
$788,001 - $1,051,000 0.0
$526,001 - $788,000 0.0
$421,001 - $526,000 0.0
$315,001 - $421,000 0.5
$210,001 - $315,000 6.5
$105,001 - $210,000 28.0
$53,001 - $105,000 45.9
$0 - $53,000 18.9

Low for TN
Low for Nation

Value Relative to Nation Value Relative to State
77.194421657096 72.1938775510204

Number Of Homes And Apartments:
3,356

Ripley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
11.25% 0.62% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$855 / per month

Homeownership Rate

Homeownership
Owners 37.26
Renters 62.74
Vacant 10.58

Housing Market Details

 

Age of Homes

AGE OF Ripley HOMES
2000 or Newer 15.4
1970 - 1999 42.5
1940 - 1969 35.2
1939 or Older 6.9

Types of Homes

TYPE OF Ripley HOMES
Single-Family 67.0
Townhomes 0.8
Small Apt. Buildings 21.1
Apt. Complexes 8.8
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Ripley HOMES
No Bedroom 1.20
1 Bedroom 9.81
2 Bedrooms 32.35
3 Bedrooms 40.98
4 Bedrooms 13.48
5 or more bedrooms 2.18