Ripley County, Indiana Housing Market Prices
Ripley County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 35% below the Indiana median$92,272
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Median rent 21% below the Indiana median$838
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Ripley County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $92,272 | $142,738 | $248,835 |
| Price Trend (Annual %) | -2.8% | 7.2% | 7.5% |
| Median Gross Rent | $838 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ripley County is about 35% lower than in Indiana. Rent is about 21% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Ripley County: home prices fell about 2.8% a year while rent rose about 2.7% a year. That is an unusual pattern worth watching.
Median rent in Ripley County rose about 23.7% between 2015 and 2024, from $678 to $838. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Ripley County.
Buying the median-priced home in Ripley County costs roughly 9.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Ripley County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Ripley County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $92,272 | $142,738 | $248,835 |
| Median Household Income | $69,592 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ripley County fell about 47.4%, while median household income rose about 37.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Ripley County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.1% | 64.4% | 58.5% |
| Rental Rate | 21.4% | 26.9% | 31.2% |
| Vacancy Rate | 7.5% | 8.8% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Ripley County has a homeownership rate of 71.1%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 7.5%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Ripley County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1979 | 1975 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Ripley County was built around 1979. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 18.0 years on average.
Ripley County, IN Housing Compared With Nearby Counties
How Ripley County, IN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Ripley County, IN | 29,095 | $92,272 #3/3 | $838 #3/3 | 76.8% #1/3 |
| Decatur County, IN | 26,422 | $202,778 | $861 | 76.1% |
| Jefferson County, IN | 32,998 | $171,710 | $889 | 71.8% |
Frequently Asked Questions
Common questions about the housing market in Ripley County, Indiana.
What is the median home price in Ripley County, Indiana?
The median home price in Ripley County, Indiana is $92,272, lower than the Indiana average of $142,738.
What is the average home price in Ripley County, Indiana?
The typical home price in Ripley County, Indiana, reported as the median sale price, is $92,272. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Ripley County, Indiana?
The median gross rent in Ripley County, Indiana is $838 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Ripley County in 2020?
In 2020, the median gross rent in Ripley County, Indiana was $656 per month.
What is the price-to-rent ratio in Ripley County, Indiana?
The price-to-rent ratio in Ripley County, Indiana is about 9.2, meaning it would take roughly 9.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Ripley County.
Are home prices or rent rising faster in Ripley County, Indiana?
Home prices and rent are moving in opposite directions in Ripley County: home prices fell about 2.8% a year while rent rose about 2.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Ripley County, Indiana?
71.1% of households in Ripley County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Ripley County, Indiana?
The housing vacancy rate in Ripley County, Indiana is 7.5%, lower than the Indiana average of 8.8%.
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