Ripon, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Ripon Neighborhoods Since 2000




Ripon, WI 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 7,700 people, 3,041 houses or apartments, and a median cost of homes of $129,072, house prices in Ripon are solidly below the national average.

Single-family detached homes are the single most common housing type in Ripon, accounting for 63.12% of the city's housing units. Other types of housing that are prevalent in Ripon include large apartment complexes or high rise apartments ( 19.01%), duplexes, homes converted to apartments or other small apartment buildings ( 14.28%), and a few mobile homes or trailers ( 1.96%).

The most prevalent building size and type in Ripon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.90% owning and 48.10% renting.

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 1940-1969 ( 27.09%). A lesser amount of the housing stock also hails from before 1939 ( 26.87%). There's also some housing in Ripon built between 2000 and later ( 10.41%).

Ripon Home Appreciation Rates

Real estate appreciation rates in Ripon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.19% during the period.

NeighborhoodScout's data show that during the latest twelve months, Ripon's appreciation rate, at 4.01%, has been at or slightly above the national average. In the latest quarter, Ripon's appreciation rate has been 1.63%, which annualizes to a rate of 6.67%.

Relative to Wisconsin, our data show that Ripon's latest annual appreciation rate is lower than 50% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$129,072

Ripon, WI HOME PRICES

Value Range
> $1,028,000 0.0
$771,001 - $1,028,000 0.0
$514,001 - $771,000 0.1
$411,001 - $514,000 1.0
$308,001 - $411,000 3.1
$206,001 - $308,000 12.0
$103,001 - $206,000 54.0
$51,001 - $103,000 24.1
$0 - $51,000 5.7

Very Low for WI
Low for Nation

Value Relative to Nation Value Relative to State
60.4037267080745 85.4209445585216

Number Of Homes And Apartments:
3,041

Ripon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
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
20.38% 1.08% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$697 / per month

Homeownership Rate

Homeownership
Owners 51.90
Renters 48.10
Vacant 5.21

Housing Market Details

 

Age of Homes

AGE OF Ripon HOMES
2000 or Newer 10.4
1970 - 1999 35.6
1940 - 1969 27.1
1939 or Older 26.9

Types of Homes

TYPE OF Ripon HOMES
Single-Family 63.1
Townhomes 1.6
Small Apt. Buildings 14.3
Apt. Complexes 19.0
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Ripon HOMES
No Bedroom 1.93
1 Bedroom 15.43
2 Bedrooms 25.03
3 Bedrooms 42.83
4 Bedrooms 11.91
5 or more bedrooms 2.87