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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Ruston HOMES|
|2000 or Newer||17.9|
|1970 - 1999||49.6|
|1940 - 1969||30.7|
|1939 or Older||1.8|
|TYPE OF Ruston HOMES|
|Small Apt. Buildings||19.4|
|SIZE OF Ruston HOMES|
|5 or more bedrooms||0.89|