Ruskin, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ruskin Neighborhoods Since 2000




Ruskin, FL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ruskin Housing Market Information

With a population of 18,467, 6,383 total housing units (homes and apartments), and a median house value of $183,655, Ruskin real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ruskin, accounting for 65.18% of the town's housing units. Other types of housing that are prevalent in Ruskin include mobile homes or trailers ( 21.32%), large apartment complexes or high rise apartments ( 6.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.88%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ruskin. Owner-occupied housing accounts for 66.54% of Ruskin's homes, and 65.95% have either three or four bedrooms, which is average sized relative to America.

Ruskin homes and real estate are some of the newest in America. 47.96% of Ruskin's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Ruskin real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.99%), and between 1940-1969 ( 16.41%).

Vacant housing appears to be an issue in Ruskin. Fully 17.98% of the housing stock is classified as vacant. Left unchecked, vacant Ruskin homes and apartments can be a drag on the real estate market, holding Ruskin real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Ruskin Home Appreciation Rates

Homes have actually lost value in Ruskin over the last then years, as home values have seen a decline of 22.12% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ruskin home appreciation rates at 1.28%, which equates to an annual appreciation rate of 5.24%.

Appreciation rates are so strong in Ruskin that despite a nationwide downturn in the housing market, Ruskin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ruskin appreciation rates continue to be some of the highest in America, at 8.37%, which is higher than appreciation rates in 88.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ruskin. Ruskin appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.24%.

Relative to Florida, our data show that Ruskin's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Ruskin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ruskin - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ruskin real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$183,655

Ruskin, FL HOME PRICES

Value Range
> $1,313,000 0.6
$985,001 - $1,313,000 0.2
$657,001 - $985,000 2.6
$525,001 - $657,000 2.7
$394,001 - $525,000 3.1
$262,001 - $394,000 18.0
$132,001 - $262,000 42.7
$66,001 - $132,000 20.5
$0 - $66,000 9.6

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
36.8451892652057 52.7777777777778

Number Of Homes And Apartments:
6,383

Ruskin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
75.44% 3.31% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,018 / per month

Homeownership Rate

Homeownership
Owners 66.54
Renters 33.46
Vacant 17.98

Housing Market Details

 

Age of Homes

AGE OF Ruskin HOMES
2000 or Newer 48.0
1970 - 1999 35.0
1940 - 1969 16.4
1939 or Older 0.6

Types of Homes

TYPE OF Ruskin HOMES
Single-Family 65.2
Townhomes 3.2
Small Apt. Buildings 3.9
Apt. Complexes 6.5
Mobile Homes 21.3
Other 0.0

Home Size

SIZE OF Ruskin HOMES
No Bedroom 2.12
1 Bedroom 6.80
2 Bedrooms 21.60
3 Bedrooms 41.61
4 Bedrooms 24.34
5 or more bedrooms 3.53