The typical owner-occupied home in Ripon is worth about $174,900, 34% below the Wisconsin median of $266,500 and 47% below the national median of $332,700. Owners pay a median $3,080 a year in property taxes, about 1.76% of their home's value, higher than the Wisconsin rate of 1.42%. The median household earns $54,763 a year, so the median home costs 3.2 times the median income (3.4 times for Wisconsin). 64% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Ripon at a glance
| Ripon | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $174,900 | $266,500 | $332,700 |
| Median property tax paid per year | $3,080 | $3,792 | $3,119 |
| Property tax as a share of value | 1.76% | 1.42% | 0.94% |
| Median household income | $54,763 | $77,485 | $80,734 |
| Homes lived in by their owners | 64% | 68% | 65% |
| Owner homes with a mortgage | 62% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,290 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 17.3% | 19.5% | 21.0% |
| Median rent | $775 | $1,087 | $1,413 |
| Rent as a share of renters' income | 30.5% | 27.2% | 30.6% |
| Median year homes were built | 1966 | 1975 | 1980 |
| Vacant homes | 0.3% | 10.8% | 10.1% |
| Population | 7,772 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Ripon
At this week's average 30-year rate of 7.11%, buying the median Ripon home of $174,900 with 20% down costs about $1,271 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,562, 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 $54,456 for the 20%-down payment. That payment is 28% of the median Ripon household income of $54,763; at that income and 20% down, the 28% guideline points to a home of about $176,000.
The median rent here is $775 a month, so owning the median home costs about $496 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $34,980 |
|---|---|
| Loan amount | $139,920 |
| Principal and interest | $941 |
| Property taxes (1.76% a year) | $257 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| PMI | $0 |
| Total per month | $1,271 |
Change the numbers in the calculator
| Down payment | $6,122 |
|---|---|
| Loan amount | $171,732 |
| Principal and interest | $1,155 |
| Property taxes (1.76% a year) | $257 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| FHA mortgage insurance | $77 |
| Total per month | $1,562 |
Change the numbers in the calculator
Questions about home buying in Ripon
What is the median home value in Ripon?
About $174,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ripon?
Homeowners pay a median $3,080 a year, which is about 1.76% 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 Ripon?
For the median home with 20% down at 7.11%, the payment is about $1,271 a month. Keeping that under 28% of gross income takes about $54,456 a year.
More about Ripon
- Mortgage Refinance in Ripon
- Debt Relief in Ripon
- Home Equity Loans in Ripon
- 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