Quick facts: Ripley, OH

Quick Facts

96.4
Cost of Living
below US average
1,579
Population
10.77
Crime Rate per 1000
below US average
$42,900
Median Income
below US average
$90,000
Median House Price
above US average
$1300.0
Average Rent
below US average
10%
Poverty Rate
below US average
4.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $42,900.

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Income Needed to Buy

βœ“ Affordable
$28k/year
Based on $90,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($42,900) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1300.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $42,900
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ripley, OH

Ripley is a small village located in Brown County, Ohio, nestled along the Ohio River. With a rich history dating back to the early 19th century, Ripley played a significant role in the Underground Railroad, serving as a safe haven for escaped slaves. The village's charming small-town atmosphere is characterized by its historic architecture, including several preserved buildings from its earlier days. The community is known for its close-knit feel and picturesque views of the river, making it an appealing destination for nature lovers and outdoor enthusiasts. Visitors can explore the scenic riverfront, engage in recreational activities, or enjoy local parks. Ripley's economy primarily revolves around agriculture, small businesses, and local services. The area offers various community events throughout the year, fostering a sense of unity among residents. Though small, Ripley contributes to Ohio’s rich tapestry of history and culture, making it a unique spot for exploring the heritage of the region and enjoying a slower pace of life.

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