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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 7,716 people, 3,282 houses or apartments, and a median cost of homes of $263,019, 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 65.49% of the city's housing units. Other types of housing that are prevalent in Ripon include large apartment complexes or high rise apartments ( 25.91%), duplexes, homes converted to apartments or other small apartment buildings ( 6.01%), and a few mobile homes or trailers ( 1.46%).
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 57.33% owning and 42.67% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Ripon's housing was primarily built during this period, from the '40s through the '60s. A full 35.05% of the city's housing hails from this era. Other housing ages represented in Ripon include homes built between 1970-1999 ( 25.85%) and housing constructed before 1939 ( 20.69%). There's also some housing in Ripon built between 2000 and later ( 18.41%).
Appreciation rates for homes in Ripon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.82%, which ranks in the top 50% nationwide. This equates to an annual average Ripon house appreciation rate of 7.01%.
NeighborhoodScout's data show that during the latest twelve months, Ripon's appreciation rate, at 4.42%, has been at or slightly above the national average. In the latest quarter, Ripon's appreciation rate has been -0.85%, which annualizes to a rate of -3.37%.
Notably, Ripon's appreciation rate in the latest quarter is one of the lowest in America.
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.
$263,019
for Wisconsin
for nation
3,282
$1,110 / per month