Total monthly cost of ownership
Cost to Own a Home in Ripley, Tennessee
A $152,000 home here costs
$1,273per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $781. The real number is $491 higher every month — 63% 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 Lauderdale County and Tennessee
| Measure | Ripley | Lauderdale County |
|---|---|---|
| Median home value | $152,200 | $122,100 |
| Median property tax | $1,232 | $808 |
| Effective tax rate | 0.809% | 0.662% |
| Median gross rent | $745 | $729 |
| Population | 7,718 | 24,933 |
The weather behind that power bill
Ripley sits in Lauderdale County, which averages a high of 89.8°F in its hottest month and a low of 29.4°F in its coldest, with 56.84" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,757 cooling and 3,478 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Lauderdale County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lauderdale County
Full Lauderdale County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Ripley?
A $152,000 home in Ripley, Tennessee costs approximately $1,273 per month with 20% down at 6.66%. That is $781 principal and interest, $102 property tax, $64 homeowners insurance, $198 utilities and $127 set aside for maintenance.
What is the property tax rate in Ripley?
Ripley has an effective property tax rate of 0.809%, based on a median home value of $152,200 and median real estate taxes of $1,232. That is higher than the Lauderdale County average of 0.662%.
What is the average home price in Ripley?
The median owner-occupied home value in Ripley, Tennessee is $152,200, against $122,100 across Lauderdale County.
Is it cheaper to rent or buy in Ripley?
Median gross rent in Ripley is $745 a month, against $1,273 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 Tennessee.
- 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.