Rutherfordton, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rutherfordton, 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

Rutherfordton Housing Market Information

With 4,182 people, 1,825 houses or apartments, and a median cost of homes of $142,590, Rutherfordton 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 Rutherfordton, accounting for 74.36% of the town's housing units. Other types of housing that are prevalent in Rutherfordton include duplexes, homes converted to apartments or other small apartment buildings ( 9.91%), large apartment complexes or high rise apartments ( 8.82%), and a few row houses and other attached homes ( 5.02%).

The most prevalent building size and type in Rutherfordton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.47% owning and 42.53% renting.

There is a lot of housing in Rutherfordton 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 Rutherfordton built between 1940-1969 ( 32.37%). A lesser amount of the housing stock also hails from before 1939 ( 23.41%). There's also some housing in Rutherfordton built between 2000 and later ( 11.56%).

Vacant housing appears to be an issue in Rutherfordton. Fully 13.51% of the housing stock is classified as vacant. Left unchecked, vacant Rutherfordton homes and apartments can be a drag on the real estate market, holding Rutherfordton 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.

Rutherfordton Home Appreciation Rates

Real estate appreciation rates in Rutherfordton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.74% during the period.

Over the last year, Rutherfordton appreciation rates have trailed the rest of the nation. In the last twelve months, Rutherfordton's appreciation rate has been 1.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rutherfordton were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

Relative to North Carolina, our data show that Rutherfordton's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$142,590

Rutherfordton, NC HOME PRICES

Value Range
> $1,058,000 0.0
$794,001 - $1,058,000 0.0
$529,001 - $794,000 1.6
$423,001 - $529,000 0.8
$317,001 - $423,000 6.2
$211,001 - $317,000 15.2
$106,001 - $211,000 37.7
$53,001 - $106,000 22.9
$0 - $53,000 15.5

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
53.5509199578108 47.1869328493648

Number Of Homes And Apartments:
1,825

Rutherfordton 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
21.36% 1.13% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$785 / per month

Homeownership Rate

Homeownership
Owners 57.47
Renters 42.53
Vacant 13.51

Housing Market Details

 

Age of Homes

AGE OF Rutherfordton HOMES
2000 or Newer 11.6
1970 - 1999 32.7
1940 - 1969 32.4
1939 or Older 23.4

Types of Homes

TYPE OF Rutherfordton HOMES
Single-Family 74.4
Townhomes 5.0
Small Apt. Buildings 9.9
Apt. Complexes 8.8
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Rutherfordton HOMES
No Bedroom 0.00
1 Bedroom 6.30
2 Bedrooms 39.72
3 Bedrooms 29.57
4 Bedrooms 18.34
5 or more bedrooms 6.07

Popular Neighborhoods in Rutherfordton

Zip Codes in Rutherfordton, NC