Ruffin, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ruffin, NC 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

Ruffin Housing Market Information

With 360 people, 122 houses or apartments, and a median cost of homes of $110,715, house prices in Ruffin are solidly below the national average.

Single-family detached homes are the single most common housing type in Ruffin, accounting for 81.51% of the town's housing units. Other types of housing that are prevalent in Ruffin include duplexes, homes converted to apartments or other small apartment buildings ( 14.38%), mobile homes or trailers ( 4.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ruffin. Owner-occupied housing accounts for 100.00% of Ruffin's homes, and 67.12% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ruffin 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 Ruffin built before 1939 ( 24.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.92%). There's also some housing in Ruffin built between 1940-1969 ( 14.38%).

Vacant housing appears to be an issue in Ruffin. Fully 16.44% of the housing stock is classified as vacant. Left unchecked, vacant Ruffin homes and apartments can be a drag on the real estate market, holding Ruffin 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.

Ruffin Home Appreciation Rates

Real estate appreciation rates in Ruffin's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.23% during the period.

Over the last year, Ruffin appreciation rates have trailed the rest of the nation. In the last twelve months, Ruffin's appreciation rate has been 0.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ruffin were at 0.02%, which equates to an annual appreciation rate of 0.09%.

Relative to North Carolina, our data show that Ruffin's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$110,715

Ruffin, NC HOME PRICES

Value Range
> $1,033,000 1.5
$774,001 - $1,033,000 0.0
$516,001 - $774,000 2.6
$413,001 - $516,000 2.4
$310,001 - $413,000 3.3
$206,001 - $310,000 9.4
$103,001 - $206,000 40.4
$52,001 - $103,000 30.0
$0 - $52,000 10.4

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
70.9363647017462 71.3248638838475

Number Of Homes And Apartments:
122

Ruffin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
15.81% 0.85% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$608 / per month

Homeownership Rate

Homeownership
Owners 100.00
Renters 0.00
Vacant 16.44

Housing Market Details

 

Age of Homes

AGE OF Ruffin HOMES
2000 or Newer 21.9
1970 - 1999 39.0
1940 - 1969 14.4
1939 or Older 24.7

Types of Homes

TYPE OF Ruffin HOMES
Single-Family 81.5
Townhomes 0.0
Small Apt. Buildings 14.4
Apt. Complexes 0.0
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Ruffin HOMES
No Bedroom 0.00
1 Bedroom 14.38
2 Bedrooms 18.49
3 Bedrooms 54.11
4 Bedrooms 13.01
5 or more bedrooms 0.00

Popular Neighborhoods in Ruffin

Zip Codes in Ruffin, NC