Rushville appreciation rates and housing market information

Rushville housing market information

With 3,171 people, 1,523 houses or apartments, and a median cost of homes of $77,355, house prices in Rushville are some of the most affordable in Illinois as well as the nation.

single-family detached homes are the single most common housing type in Rushville, accounting for 71.63% of the city's housing units. Other types of housing that are prevalent in Rushville include duplexes, homes converted to apartments, or other small apartment buildings (13.66%), mobile homes or trailers (11.49%), large apartment complexes or high rise apartments (2.30%), and a few row houses and other attached homes (0.92%).

Dwellings in Rushville tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 54.76% of the homes in Rushville have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rushville's housing was primarily built during this period, from the '40s through the '60s. A full 39.33% of the city's housing hails from this era. Other housing ages represented in Rushville include homes built between 1939 and earlier (33.03%), and housing constructed from 1970-1994 (22.78%). There's also some housing in Rushville built between 1995 and later (4.86%).

Rushville home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Rushville, where house values have increased just 37.31%, which is an average annual increase of 3.73%. NeighborhoodScout's data show that in the latest quarter, Rushville house values appreciated -0.24%, which is an annualized rate of -0.96%. This rate is lower than the appreciation rate found in 70% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Rushville home appreciation rates, at -0.36%, have been at or slightly above the national average. In the latest quarter, Rushville's appreciation rate has been -0.24%, which annualizes to a rate of -0.96%.

Relative to Illinois, our data show that Rushville's latest annual appreciation rate is higher than 38% of the other cities and towns in Illinois.