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Old Ripley

Learn about the people, housing, costs and businesses in Old Ripley, Illinois

Median Home$132,200
Median Rent$729/month
Population78
Leading IndustriesHealthcare · Public Administration · Manufacturing15% healthcare
Home Value Growth⬆⬆+16.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners90% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
NotableAffordable Market$132k median home · lower cost than 80% of the country
Old Ripley
IL

Frequently Asked Questions

What are today's mortgage rates in Old Ripley?

As of today, the 30-year fixed mortgage rate for Old Ripley is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Old Ripley?

The median home value in Old Ripley is $132k. The median monthly rent is $729. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Old Ripley?

Home values in Old Ripley have increased 16.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Old Ripley?

Based on a typical all-in ownership cost of $832/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Old Ripley is $67k/year.

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What industries drive the economy in Old Ripley?

The largest employment sectors in Old Ripley are public administration (29%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.