The housing market in 38063 Ripley, TN is doing considerably well as the median value of homes in this area is $119,600. This is much lower than the US house median value of $338,100, but the one-year appreciation rate of 15.27% is substantially higher than the national average of 8.27%. This suggests that home values are increasing quickly and steadily in 38063 Ripley and investing in property here could prove to be a great opportunity for potential buyers.
The median home cost in Ripley (zip 38063) is $119,600. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Ripley (zip 38063) is up 20.2%.
Average Age of Homes
- The median age of Ripley (zip 38063) real estate is 38 years old
The Rental Market in Ripley (zip 38063)
- Renters make up 36.0% of the Ripley (zip 38063) population
- 2.5% of houses and apartments in Ripley (zip 38063), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.