Rugby, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Rugby Neighborhoods Since 2000




Rugby, ND 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

Rugby Housing Market Information

With a population of 2,846, 1,471 total housing units (homes and apartments), and a median house value of $110,549, house prices in Rugby are solidly below the national average.

Single-family detached homes are the single most common housing type in Rugby, accounting for 67.70% of the city's housing units. Other types of housing that are prevalent in Rugby include large apartment complexes or high rise apartments ( 12.48%), duplexes, homes converted to apartments or other small apartment buildings ( 8.45%), and a few mobile homes or trailers ( 6.09%).

The most prevalent building size and type in Rugby are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.55% owning and 36.45% renting.

There is a lot of housing in Rugby 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 Rugby built between 1940-1969 ( 37.20%). A lesser amount of the housing stock also hails from before 1939 ( 15.53%). There's also some housing in Rugby built between 2000 and later ( 4.66%).

Rugby Home Appreciation Rates

In the last 10 years, Rugby has experienced some of the highest home appreciation rates of any community in the nation. Rugby real estate appreciated 54.72% over the last ten years, which is an average annual home appreciation rate of 4.46%, putting Rugby in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rugby definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Rugby's appreciation rate, at 3.37%, has been at or slightly above the national average. In the latest quarter, Rugby's appreciation rate has been 3.17%, which annualizes to a rate of 13.29%.

Importantly, this makes Rugby one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$110,549

Rugby, ND HOME PRICES

Value Range
> $1,092,000 0.0
$819,001 - $1,092,000 0.0
$546,001 - $819,000 0.3
$437,001 - $546,000 2.0
$328,001 - $437,000 2.1
$218,001 - $328,000 8.7
$109,001 - $218,000 36.1
$55,001 - $109,000 31.9
$0 - $55,000 18.9

Low for ND
Low for Nation

Value Relative to Nation Value Relative to State
71.0652759873433 62.8318584070796

Number Of Homes And Apartments:
1,471

Rugby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
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
115.10% 4.54% 4 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$952 / per month

Homeownership Rate

Homeownership
Owners 63.55
Renters 36.45
Vacant 8.63

Housing Market Details

 

Age of Homes

AGE OF Rugby HOMES
2000 or Newer 4.7
1970 - 1999 42.6
1940 - 1969 37.2
1939 or Older 15.5

Types of Homes

TYPE OF Rugby HOMES
Single-Family 67.7
Townhomes 5.3
Small Apt. Buildings 8.4
Apt. Complexes 12.5
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Rugby HOMES
No Bedroom 2.86
1 Bedroom 7.33
2 Bedrooms 24.84
3 Bedrooms 41.12
4 Bedrooms 17.39
5 or more bedrooms 6.46

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Zip Codes in Rugby, ND