Ripley, TN—38063
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ripley, TN
Ripley, TN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $126,000 | -7.8% |
| Single Family | $126,000 | -7.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $96,000 | -4.0% |
3 Bed | $161,000 | -0.6% |
4 Bed | $215,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ripley, TN
As of July '25, Rentcast reports the average rent in Ripley, TN is $2,400, with a year-over-year rent change of 188.5%. Per bedroom, the median rent as of July '25 in Ripley, TN is 2-bedrooms: $2,160. The most common rental property sizes in Ripley, TN are 2-bedroom and 3-bedroom, accounting for 37.9% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,160 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,160 | $2,160 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ripley, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Ripley, TN is 54. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $216,000 | -8.0% |
Listing Count | 54 | -1.0% |
| Listings as % of Homes | 0.4% | -1.0% |
Days on Market | 54 | -3.0% |
Demographics — Ripley, TN
As of the latest ACS Survey released in 2023, Ripley, TN has a population of 15,900, which has decreased by -3.6% over the past 5 years. Ripley, TN is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,900 | -3.6% |
% Under 18 | 24.3% | -8.0% |
% Seniors | 15.8% | 2.6% |
% WFH | 2.9% | 190.0% |
% w/ College Degree | 12.6% | 24.8% |
As of the latest ACS Survey released in 2023, Ripley, TN is a predominantly white area, with 56.6% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Ripley, TN is black, making up 37.3% of the population. Foreign-born residents account for 1.0% of the population in Ripley, TN, and this percentage has decreased by 52.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.6% | -4.7% |
% Black | 37.3% | 9.4% |
% Hispanic | 1.0% | -61.5% |
% Asian | 0.9% | 200.0% |
% Foreign Born | 1.0% | -52.4% |
Mortgage and Risk — Ripley, TN
According to HUD data as of 2023, there were 178 mortgage originations in Ripley, TN, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Ripley, TN. Investor activity is low, as 10.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 178 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 10.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Ripley, TN
Ripley, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 421 |
Total Units Section 8 | 421 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 90.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | -$1,260 | $2,160 | $900 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,440 |
Affordability — Ripley, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $126,000 |
| Median Household Income | $48,600 |