Ripley, TN Real Estate
According to census data in the year 2000 there were 3,453 housing units in Ripley.
This represents a 38.7% growth from 2,490 in 1990.
Of those housing units, 2,854 were located in either urbanized areas or urban clusters, and 599 were located in what is classified as a rural area.
Homeownership rate in Ripley is about 47.2%.
Ripley's vacancy rate, including seasonal lodging, is about 8.5%.
Average household size is 2.41 people.
The majority of houses, apartments or condos in Ripley were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 18.60% |
| Two Bedrooms | 28.70% |
| Three Bedrooms | 37.20% |
| Four Bedrooms | 12.70% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $65,900 |
| Median Price asked for vacant units | $57,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $330 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5% |
| Home Equity Loan | 4.50% |
| Simple Mortgage | 54.90% |
| Debt Free | 35.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.2% |
