Similar to its nearby areas, it is significantly less expensive compared to the country as a whole. However compared to the city of Memphis, it's a little less expensive.
Home prices
The median home value in Ripley is $86,700. It is about $1,360 (1%) lower in comparison to its surrounding areas.Compared to the country as a whole it is approximately $130,800 (60%) lower, and compared to the city of Memphis is roughly $15,100 (14%) lower.
Rents
Ripley's median monthly rent is $696. This is approximately $45 (6%) higher compared to its surrounding areas.In comparison to the nation as a whole it is roughly $366 (34%) lower, and compared to the city of Memphis is about $205 (22%) lower.
Nearby places
Henning
Henning is Ripley's neighbor to the southwest. Housing prices there are a bit less expensive. The median home value in Henning is $67,800, which works out to $18,900 (27%) lower than Ripley. Rent there is a little less expensive. Henning's median rent is $543 a month, which works out to $153 (28%) lower than Ripley.
Gates
Gates is about 9 miles northeast from Ripley. The housing prices there are substantially less expensive. The median home price in Gates is $65,000, which comes out to $21,700 (33%) lower than Ripley. Its rents are fairly similar. In Gates the median rent is $696 a month, which is very similar to Ripley.
Halls
Halls is roughly 11 miles northeast from Ripley. Housing prices there are a lot less expensive. The cost of the median home in Halls is $59,600, which works out to $27,100 (45%) lower than Ripley. Rent there is fairly similar. In Halls the median monthly rent is $680, which is $16 (2%) lower than Ripley.
Covington
Covington is about 13 miles southwest from Ripley. The real estate prices there are somewhat more expensive. The median home in Covington is valued at $111,800, which comes out to $25,100 (22%) higher than Ripley. Its rents are similar. In Covington the median monthly rent is $703, which is very similar to Ripley.
Garland
Garland is roughly 15 miles southwest of Ripley. Real estate prices there are a lot more expensive. The median home in Garland is valued at $136,100, which works out to $49,400 (36%) higher than Ripley. Rent there is a bit less expensive. The median rent in Garland is $634 a month, which works out to $62 (9%) lower than Ripley.
