Rushville, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rushville, IN Real Estate Data


Rushville Housing Market Information

With a population of 6,077, 2,723 total housing units (homes and apartments), and a median house value of $106,431, house prices in Rushville are solidly below the national average.

Single-family detached homes are the single most common housing type in Rushville, accounting for 72.16% 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 ( 13.73%), large apartment complexes or high rise apartments ( 11.29%), and a few mobile homes or trailers ( 2.47%).

The most prevalent building size and type in Rushville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.85% owning and 46.15% renting.

The housing in Rushville was primarily built before 1939 ( 39.63%), making the housing stock in Rushville some of the oldest overall in America, although there is a range of ages of homes in Rushville. The next most important housing age is between 1940-1969 ( 29.71%), followed by between 1970-1999 ( 22.76%). There's also some housing in Rushville built between 2000 and later ( 7.90%).

Rushville Home Appreciation Rates

Real estate appreciation rates in Rushville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.12% during the period.

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 7.00%, which is higher than appreciation rates in 84.74% 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 2.34%, which equates to an annual appreciation rate of 9.71%.

Relative to Indiana, our data show that Rushville's latest annual appreciation rate is higher than 80% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$106,431

Rushville, IN HOME PRICES

Value Range
> $1,126,000 0.1
$845,001 - $1,126,000 0.0
$563,001 - $845,000 0.1
$451,001 - $563,000 0.6
$338,001 - $451,000 2.2
$225,001 - $338,000 4.6
$113,001 - $225,000 29.2
$57,001 - $113,000 49.4
$0 - $57,000 13.7

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
74.7203841424138 72.6244343891403

Number Of Homes And Apartments:
2,723

Rent & Ownership

 

Average Market Rent:
$727 / per month

Homeownership Rate

Homeownership
Owners 53.85
Renters 46.15
Vacant 3.92

Housing Market Details

 

Age of Homes

AGE OF Rushville HOMES
2000 or Newer 7.9
1970 - 1999 22.8
1940 - 1969 29.7
1939 or Older 39.6

Types of Homes

TYPE OF Rushville HOMES
Single-Family 72.2
Townhomes 0.4
Small Apt. Buildings 13.7
Apt. Complexes 11.3
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Rushville HOMES
No Bedroom 1.27
1 Bedroom 11.71
2 Bedrooms 34.97
3 Bedrooms 40.44
4 Bedrooms 9.67
5 or more bedrooms 1.94

Rushville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
6.66% 0.38% 2 1
* 10 is highest

Popular Neighborhoods in Rushville

Zip Codes in Rushville, IN