Total monthly cost of ownership
Cost to Own a Home in Ripley, Mississippi
A $133,000 home here costs
$1,214per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $684. The real number is $531 higher every month — 78% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ripley against Tippah County and Mississippi
| Measure | Ripley | Tippah County |
|---|---|---|
| Median home value | $132,500 | $128,400 |
| Median property tax | $1,030 | $963 |
| Effective tax rate | 0.777% | 0.750% |
| Median gross rent | $683 | $720 |
| Population | 5,415 | 21,621 |
The weather behind that power bill
Ripley sits in Tippah County, which averages a high of 89.6°F in its hottest month and a low of 29.1°F in its coldest, with 57.63" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,662 cooling and 3,541 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Tippah County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tippah County
Full Tippah County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Ripley?
A $133,000 home in Ripley, Mississippi costs approximately $1,214 per month with 20% down at 6.66%. That is $684 principal and interest, $86 property tax, $120 homeowners insurance, $213 utilities and $111 set aside for maintenance.
What is the property tax rate in Ripley?
Ripley has an effective property tax rate of 0.777%, based on a median home value of $132,500 and median real estate taxes of $1,030. That is higher than the Tippah County average of 0.750%.
What is the average home price in Ripley?
The median owner-occupied home value in Ripley, Mississippi is $132,500, against $128,400 across Tippah County.
Is it cheaper to rent or buy in Ripley?
Median gross rent in Ripley is $683 a month, against $1,214 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ripley — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Mississippi.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.