Rusk, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Rusk Neighborhoods Since 2000




Rusk, TX 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

Rusk Housing Market Information

With a population of 5,618, 1,248 total housing units (homes and apartments), and a median house value of $71,875, house prices in Rusk are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Rusk, accounting for 82.37% of the city's housing units. Other types of housing that are prevalent in Rusk include mobile homes or trailers ( 8.02%), large apartment complexes or high rise apartments ( 4.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.73%).

The most prevalent building size and type in Rusk are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 37.33% owning and 62.67% renting.

There is a lot of housing in Rusk 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 Rusk built between 1940-1969 ( 38.24%). A lesser amount of the housing stock also hails from before 1939 ( 13.35%). There's also some housing in Rusk built between 2000 and later ( 3.32%).

Vacant housing appears to be an issue in Rusk. Fully 13.69% of the housing stock is classified as vacant. Left unchecked, vacant Rusk homes and apartments can be a drag on the real estate market, holding Rusk 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.

Rusk Home Appreciation Rates

In the last 10 years, Rusk has experienced some of the highest home appreciation rates of any community in the nation. Rusk real estate appreciated 20.71% over the last ten years, which is an average annual home appreciation rate of 1.90%, putting Rusk in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rusk 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, Rusk's appreciation rate, at 5.35%, has been at or slightly above the national average. In the latest quarter, Rusk's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Texas, our data show that Rusk's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$71,875

Rusk, TX HOME PRICES

Value Range
> $1,105,000 1.6
$829,001 - $1,105,000 0.0
$552,001 - $829,000 0.4
$442,001 - $552,000 0.6
$331,001 - $442,000 1.6
$221,001 - $331,000 4.1
$110,001 - $221,000 14.2
$55,001 - $110,000 47.7
$0 - $55,000 29.8

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
94.4802531348881 88.715953307393

Number Of Homes And Apartments:
1,248

Rusk Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
56.12% 2.62% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$885 / per month

Homeownership Rate

Homeownership
Owners 37.33
Renters 62.67
Vacant 13.69

Housing Market Details

 

Age of Homes

AGE OF Rusk HOMES
2000 or Newer 3.3
1970 - 1999 45.1
1940 - 1969 38.2
1939 or Older 13.3

Types of Homes

TYPE OF Rusk HOMES
Single-Family 82.4
Townhomes 0.0
Small Apt. Buildings 3.7
Apt. Complexes 4.6
Mobile Homes 8.0
Other 1.2

Home Size

SIZE OF Rusk HOMES
No Bedroom 0.00
1 Bedroom 4.63
2 Bedrooms 31.26
3 Bedrooms 56.36
4 Bedrooms 6.50
5 or more bedrooms 1.24

Popular Neighborhoods in Rusk

Zip Codes in Rusk, TX