183 Pit Road

Property details·Ripley, Lauderdale County, Tennessee·059 01401

2Baths
2,824Sq ft
5.05Acres
1970Built
$1,000Last sale

Location & Identity

Address

183 Pit Road

Ripley, TN 38063

Lauderdale County

Parcel ID

059 01401

Coordinates

35.806745, -89.549155

Owner & Record Identity

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Building details

Bathrooms
2
Full / half
2 full · 0 half
Square footage
2,824
Stories
1
Year built
1970
Building style
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Building condition
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Heating & AC
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Pool & features
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Land & lot

Lot size
5.05 acres
Property type (local use code)
1001
Land area
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Lot dimensions
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County context

Lauderdale County 2026 Insights

Where the Delta Meets West Tennessee: Lauderdale County's Quiet Market Surge

Lauderdale County sits at the far western edge of Tennessee, where the bluffs give way to Mississippi Delta bottomland and the pace of life is shaped as much by agricultural rhythms as by anything happening in Nashville or Memphis. It's not a county that typically attracts national real estate headlines — but the data here tells a story worth paying attention to.

A 14.8% year-over-year price increase is not a number you expect from a rural county with a median home price of $150,000. Yet that's exactly what's happening. For context, that kind of appreciation rate rivals some of the hottest suburban markets in the Sun Belt, even as the underlying prices remain some of the most accessible in the entire state of Tennessee. The county's median home value of $122,100 is less than 40% of the national median — meaning buyers willing to accept the tradeoffs of rural West Tennessee are still finding genuine value even as prices climb.

The Affordability Paradox

At roughly 2.5x the median household income, Lauderdale County's price-to-income ratio is strikingly favorable compared to the national benchmark of 4x. On paper, this looks like a buyer's paradise. The reality is more complicated. A poverty rate of 18.7% — nearly triple the national average in some measures — and a child poverty rate approaching 24% mean that affordability is relative. When 24% of households rely on SNAP benefits and labor force participation sits at just 47.8%, the barrier to homeownership isn't the price of the home — it's income stability.

Still, homeownership here at 62.5% outpaces what you'd see in many higher-cost metros, a testament to multigenerational ownership patterns common across the rural South and the sheer accessibility of purchase prices at the lower end of the market, where homes can still be found below $37,500.

StatValueContext
Median Home Price$150,000less than half the national median
YoY Price Change+14.8%among the highest appreciation in rural Tennessee
Price-to-Income Ratio~3.0xwell below the 4x national benchmark
Severe Rent Burden18.5%nearly 1 in 5 renters in financial stress

A County Under Economic Pressure

The 13.9% vacancy rate is one of the more telling numbers here — higher than healthy markets typically see, suggesting outmigration pressure and an older housing stock (median build year: 1974) that doesn't always pencil out for renovation. With only 6.9% of residents holding a bachelor's degree — compared to roughly 35% nationally — and a disability rate of 22.7%, the county faces structural economic headwinds that no price surge alone can resolve.

The limited English-speaking population of 17% hints at a growing agricultural workforce presence, a pattern common to Delta-adjacent counties where row crop operations draw seasonal and permanent labor.

FAQs

What makes Lauderdale County, Tennessee unique? Lauderdale County is one of the few rural Tennessee markets posting double-digit annual price appreciation while still offering median home prices under $150,000 — a combination that's becoming genuinely rare anywhere in the mid-South.

Is Lauderdale County a good place to invest in real estate? The appreciation trend is real, but investors should weigh the county's high vacancy rate, aging housing stock, and constrained local income base carefully. The floor prices are low, but rental demand is modest and severe rent burden affects a significant share of tenants.

How does the cost of living compare to Memphis? Lauderdale County's median rent of $729 and home prices well below $200,000 make it substantially cheaper than the Memphis metro — roughly 45 minutes to the west — though the tradeoff is fewer job opportunities and limited services locally.

Local market context

Ripley has 10,476 properties in our comprehensive database.

Ripley offers affordable housing with an average price of $211,613.

With a price per square foot of just $118, this area offers excellent value for buyers.

Ripley prices closely align with the Lauderdale County average.

MetricRipleyLauderdale Countyvs County
Average Price$211,613$205,241+3%
Avg Sq Ft1,7931,762+2%
Price/Sq Ft$118$116+2%
Properties10,47616,751-37%

Frequently Asked Questions About Ripley, TN Real Estate

What is the average home price in Ripley, TN?

The average home price in Ripley, TN is $211,613, based on analysis of 10,476 properties in our database.

How many properties are tracked in Ripley, TN?

Our database includes 10,476 properties in Ripley, TN, providing comprehensive market coverage.

What is the price per square foot in Ripley, TN?

The average price per square foot in Ripley, TN is $118. This is calculated from an average home price of $211,613 and average size of 1,793 square feet.

What is the average home size in Ripley, TN?

Homes in Ripley, TN average 1,793 square feet, with an average price of $211,613.

How does Ripley, TN compare to other cities in Lauderdale County?

Ripley, TN is one of many cities in Lauderdale County, TN with property data available. Browse other cities in the county to compare market conditions and pricing.

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