Rushville, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rushville Neighborhoods Since 2000




Rushville, IL 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

Rushville Housing Market Information

With a population of 2,972, 1,468 total housing units (homes and apartments), and a median house value of $83,857, 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 73.35% of the city's housing units. Other types of housing that are prevalent in Rushville include mobile homes or trailers ( 11.94%), duplexes, homes converted to apartments or other small apartment buildings ( 9.52%), and a few large apartment complexes or high rise apartments ( 3.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rushville. Owner-occupied housing accounts for 72.59% of Rushville's homes, and 50.90% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rushville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rushville built before 1939 ( 28.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.33%). There's also some housing in Rushville built between 2000 and later ( 10.51%).

Rushville Home Appreciation Rates

In the last 10 years, Rushville has experienced some of the highest home appreciation rates of any community in the nation. Rushville real estate appreciated 20.81% over the last ten years, which is an average annual home appreciation rate of 1.91%, putting Rushville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rushville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Rushville that despite a nationwide downturn in the housing market, Rushville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rushville appreciation rates continue to be some of the highest in America, at 5.75%, which is higher than appreciation rates in 71.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rushville. Rushville appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Rushville's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$83,857

Rushville, IL HOME PRICES

Value Range
> $1,121,000 0.0
$841,001 - $1,121,000 0.0
$560,001 - $841,000 0.0
$448,001 - $560,000 0.0
$336,001 - $448,000 0.0
$224,001 - $336,000 2.5
$112,001 - $224,000 18.0
$56,001 - $112,000 59.6
$0 - $56,000 19.9

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
88.0229696472518 84.9367088607595

Number Of Homes And Apartments:
1,468

Rushville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
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
49.81% 2.37% 10 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$602 / per month

Homeownership Rate

Homeownership
Owners 72.59
Renters 27.41
Vacant 9.21

Housing Market Details

 

Age of Homes

AGE OF Rushville HOMES
2000 or Newer 10.5
1970 - 1999 34.1
1940 - 1969 27.3
1939 or Older 28.0

Types of Homes

TYPE OF Rushville HOMES
Single-Family 73.3
Townhomes 1.4
Small Apt. Buildings 9.5
Apt. Complexes 3.8
Mobile Homes 11.9
Other 0.0

Home Size

SIZE OF Rushville HOMES
No Bedroom 1.48
1 Bedroom 11.56
2 Bedrooms 35.25
3 Bedrooms 39.64
4 Bedrooms 11.26
5 or more bedrooms 0.80

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Zip Codes in Rushville, IL