Ruston, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Ruston Neighborhoods Since 2000




Ruston, LA 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

Ruston Housing Market Information

With a population of 22,340, 8,224 total housing units (homes and apartments), and a median house value of $139,937, Ruston real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Ruston, accounting for 58.07% of the city's housing units. Other types of housing that are prevalent in Ruston include duplexes, homes converted to apartments or other small apartment buildings ( 19.41%), large apartment complexes or high rise apartments ( 17.68%), and a few mobile homes or trailers ( 3.58%).

Renters dominate Ruston's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Ruston 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 Ruston built between 1940-1969 ( 30.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.89%). There's also some housing in Ruston built before 1939 ( 1.79%).

Vacant housing appears to be an issue in Ruston. Fully 10.34% of the housing stock is classified as vacant. Left unchecked, vacant Ruston homes and apartments can be a drag on the real estate market, holding Ruston 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.

Ruston Home Appreciation Rates

In the last 10 years, Ruston has experienced some of the highest home appreciation rates of any community in the nation. Ruston real estate appreciated 18.92% over the last ten years, which is an average annual home appreciation rate of 1.75%, putting Ruston in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ruston definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Ruston appreciation rates have trailed the rest of the nation. In the last twelve months, Ruston's appreciation rate has been 2.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ruston were at -0.90%, which equates to an annual appreciation rate of -3.57%.

Notably, Ruston's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Louisiana, our data show that Ruston's latest annual appreciation rate is higher than 70% of the other cities and towns in Louisiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ruston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ruston - 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 Ruston real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$139,937

Ruston, LA HOME PRICES

Value Range
> $1,100,000 0.5
$825,001 - $1,100,000 0.0
$550,001 - $825,000 2.1
$440,001 - $550,000 2.1
$330,001 - $440,000 7.4
$220,001 - $330,000 15.0
$110,001 - $220,000 39.6
$55,001 - $110,000 19.6
$0 - $55,000 13.8

High for LA
Average for Nation

Value Relative to Nation Value Relative to State
54.7638579632017 26.1324041811847

Number Of Homes And Apartments:
8,224

Ruston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
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
59.21% 2.73% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$930 / per month

Homeownership Rate

Homeownership
Owners 33.78
Renters 66.22
Vacant 10.34

Housing Market Details

 

Age of Homes

AGE OF Ruston HOMES
2000 or Newer 17.9
1970 - 1999 49.6
1940 - 1969 30.7
1939 or Older 1.8

Types of Homes

TYPE OF Ruston HOMES
Single-Family 58.1
Townhomes 0.9
Small Apt. Buildings 19.4
Apt. Complexes 17.7
Mobile Homes 3.6
Other 0.3

Home Size

SIZE OF Ruston HOMES
No Bedroom 0.98
1 Bedroom 15.41
2 Bedrooms 28.10
3 Bedrooms 40.91
4 Bedrooms 13.72
5 or more bedrooms 0.89