The typical owner-occupied home in Ripley County is worth about $119,600, 48% below the Missouri median of $230,300 and 64% below the national median of $332,700. Owners pay a median $550 a year in property taxes, about 0.46% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $42,037 a year, so the median home costs 2.8 times the median income (3.3 times for Missouri). 79% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Ripley County at a glance
| Ripley County | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $119,600 | $230,300 | $332,700 |
| Median property tax paid per year | $550 | $1,948 | $3,119 |
| Property tax as a share of value | 0.46% | 0.85% | 0.94% |
| Median household income | $42,037 | $70,702 | $80,734 |
| Homes lived in by their owners | 79% | 68% | 65% |
| Owner homes with a mortgage | 52% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $983 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 19.0% | 21.0% |
| Median rent | $654 | $1,033 | $1,413 |
| Rent as a share of renters' income | 33.5% | 28.1% | 30.6% |
| Median year homes were built | 1983 | 1978 | 1980 |
| Vacant homes | 22.6% | 11.2% | 10.1% |
| Population | 10,708 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Ripley County
At this week's average 30-year rate of 7.11%, buying the median Ripley County home of $119,600 with 20% down costs about $739 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $939, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $31,686 for the 20%-down payment. That payment is 21% of the median Ripley County household income of $42,037; at that income and 20% down, the 28% guideline points to a home of about $159,000.
The median rent here is $654 a month, so owning the median home costs about $85 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $23,920 |
|---|---|
| Loan amount | $95,680 |
| Principal and interest | $644 |
| Property taxes (0.46% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $739 |
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| Down payment | $4,186 |
|---|---|
| Loan amount | $117,434 |
| Principal and interest | $790 |
| Property taxes (0.46% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $939 |
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Questions about home buying in Ripley County
What is the median home value in Ripley County?
About $119,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ripley County?
Homeowners pay a median $550 a year, which is about 0.46% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Ripley County?
For the median home with 20% down at 7.11%, the payment is about $739 a month. Keeping that under 28% of gross income takes about $31,686 a year.
More about Ripley County
- Mortgage Refinance in Ripley County
- Debt Relief in Ripley County
- Home Equity Loans in Ripley County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data