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 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%).
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.
$268,810
for Wisconsin
for nation
3,221
$1,067 / per month