Rushville, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Rushville Neighborhoods Since 2000




Rushville, NY 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

Rushville Housing Market Information

With 665 people, 270 houses or apartments, and a median cost of homes of $130,839, house prices in Rushville are solidly below the national average.

Single-family detached homes are the single most common housing type in Rushville, accounting for 63.14% of the village's housing units. Other types of housing that are prevalent in Rushville include duplexes, homes converted to apartments or other small apartment buildings ( 18.59%), large apartment complexes or high rise apartments ( 11.54%), and a few mobile homes or trailers ( 5.77%).

The most prevalent building size and type in Rushville are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 63.36% owning and 36.64% renting.

The housing in Rushville was primarily built before 1939 ( 58.01%), making the housing stock in Rushville some of the oldest overall in America, although there is a range of ages of homes in Rushville. The next most important housing age is between 1970-1999 ( 35.90%), followed by between 1940-1969 ( 5.77%).

Vacant housing appears to be an issue in Rushville. Fully 13.46% of the housing stock is classified as vacant. Left unchecked, vacant Rushville homes and apartments can be a drag on the real estate market, holding Rushville 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.

Rushville Home Appreciation Rates

In the last 10 years, Rushville has experienced some of the highest home appreciation rates of any community in the nation. Rushville real estate appreciated 21.39% over the last ten years, which is an average annual home appreciation rate of 1.96%, putting Rushville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rushville 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, Rushville's appreciation rate, at 4.27%, has been at or slightly above the national average. In the latest quarter, Rushville's appreciation rate has been -0.57%, which annualizes to a rate of -2.26%.

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

Relative to New York, our data show that Rushville's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$130,839

Rushville, NY HOME PRICES

Value Range
> $1,093,000 1.0
$820,001 - $1,093,000 0.9
$546,001 - $820,000 3.1
$437,001 - $546,000 2.7
$328,001 - $437,000 4.8
$219,001 - $328,000 13.6
$109,001 - $219,000 40.2
$55,001 - $109,000 26.8
$0 - $55,000 6.9

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
59.4105238485878 68.4624017957351

Number Of Homes And Apartments:
270

Rushville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
54.40% 2.55% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$991 / per month

Homeownership Rate

Homeownership
Owners 63.36
Renters 36.64
Vacant 13.46

Housing Market Details

 

Age of Homes

AGE OF Rushville HOMES
2000 or Newer 0.3
1970 - 1999 35.9
1940 - 1969 5.8
1939 or Older 58.0

Types of Homes

TYPE OF Rushville HOMES
Single-Family 63.1
Townhomes 1.0
Small Apt. Buildings 18.6
Apt. Complexes 11.5
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Rushville HOMES
No Bedroom 0.00
1 Bedroom 14.74
2 Bedrooms 21.15
3 Bedrooms 40.06
4 Bedrooms 14.42
5 or more bedrooms 9.62

Popular Neighborhoods in Rushville

Zip Codes in Rushville, NY