menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Ripon, WI Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ripon, WI Housing Market Trends

With a population of 7,772, 3,221 total housing units (homes and apartments), and a median house value of $268,810, Ripon real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Ripon, accounting for 63.40% of the city's housing units. Other types of housing that are prevalent in Ripon include large apartment complexes or high rise apartments ( 24.11%), duplexes, homes converted to apartments or other small apartment buildings ( 10.49%), and a few mobile homes or trailers ( 1.30%).

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 56.19% owning and 43.81% 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 36.84% of the city's housing hails from this era. Other housing ages represented in Ripon include homes built between 1970-1999 ( 26.65%) and housing constructed before 1939 ( 20.92%). There's also some housing in Ripon built between 2000 and later ( 15.59%).

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 6.10% during the period.

Appreciation rates are so strong in Ripon that despite a nationwide downturn in the housing market, Ripon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ripon appreciation rates continue to be some of the highest in America, at 8.53%, which is higher than appreciation rates in 76.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ripon. Ripon appreciation rates in the latest quarter were at -0.29%, which equates to an annual appreciation rate of -1.14%.

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 higher than 60% of the other cities and towns in Wisconsin.

Average Home Values

Median Home Value

$268,810

Ripon, WI Home Prices
> $1,392,000
$1,044,001 - $1,392,000
$696,001 - $1,044,000
$557,001 - $696,000
$418,001 - $557,000
$278,001 - $418,000
$139,001 - $278,000
$70,001 - $139,000
$0 - $70,000
0.3%
0.3%
0.4%
0.4%
2.3%
2.3%
4.9%
4.9%
8.6%
8.6%
17.5%
17.5%
56.5%
56.5%
7.0%
7.0%
2.6%
2.6%
0% 100.0%
% of Homes
Low

for Wisconsin

Average

for nation

Number of Homes And Apartments:

3,221

Ripon Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,067 / per month

Homeownership Rate

Owners
Renters
56.2%
56.2%
43.8%
43.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.3%
2.3%
97.7%
97.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.6%
15.6%
26.7%
26.7%
36.8%
36.8%
20.9%
20.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.4%
63.4%
0.7%
0.7%
10.5%
10.5%
24.1%
24.1%
1.3%
1.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
14.7%
14.7%
26.4%
26.4%
41.2%
41.2%
13.2%
13.2%
2.9%
2.9%
0% 100.0%
% of Homes