The housing market in Ramapuram is characterized by independent single-family homes situated on spacious plots of land. Due to the high influx of NRI wealth, the village features an impressive array of large, modern, concrete villas alongside traditional Kerala-style *tharavadu* homes with sloping, terracotta-tiled roofs.
The rental market is relatively small, catering mostly to transient agricultural laborers, local business employees, and students. Because of the region's agricultural productivity and the general prosperity of the Kottayam district, land prices in Ramapuram are highly premium compared to average rural areas in India.