Ipstones is part of the Staffordshire Moorlands district; within the boundaries of the civil parish are the hamlets Foxt, Consall Forge and Bottomhouse. Ipstones Edge, to the north of the village, rises to 1,250 feet (380 m) and gives views for many miles around.
Ipstones is not mentioned in the Domesday book and dates from around the 12th century. The majority of the houses and farms, barring modern development, are built from local sandstone. Two sections of the village are designated as Conservation Areas with several listed structures contained within them.
Ipstones was served by a railway station which was opened by the North Staffordshire Railway on 15 June 1905, on the line between Leekbrook Junction and Waterhouses. The station was closed to passengers on 30 September 1935. The buildings have been demolished but heritage trains now use the line again and there have been proposals to restore mineral trains to Caldon Low.
Ipstones has 3 pubs, a butcher's, a corner shop, an agricultural supplies store, a church and a primary school.