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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Rusk, TX Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Rusk, TX Housing Market Trends

With 5,433 people, 996 houses or apartments, and a median cost of homes of $214,702, house prices in Rusk are solidly below the national average.

Single-family detached homes are the single most common housing type in Rusk, accounting for 85.03% of the city's housing units. Other types of housing that are prevalent in Rusk include mobile homes or trailers ( 9.83%), large apartment complexes or high rise apartments ( 2.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.35%).

Renters dominate Rusk's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

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 ( 21.85%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.32%). There's also some housing in Rusk built before 1939 ( 7.57%).

Vacant housing appears to be an issue in Rusk. Fully 13.32% 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 121.56% over the last ten years, which is an average annual home appreciation rate of 8.28%, 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.

Over the last year, Rusk appreciation rates have trailed the rest of the nation. In the last twelve months, Rusk's appreciation rate has been 4.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rusk were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Texas, our data show that Rusk's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

Median Home Value

$214,702

Rusk, TX Home Prices
> $1,390,000
$1,043,001 - $1,390,000
$695,001 - $1,043,000
$556,001 - $695,000
$417,001 - $556,000
$278,001 - $417,000
$139,001 - $278,000
$70,001 - $139,000
$0 - $70,000
0.5%
0.5%
0.0%
0.0%
0.6%
0.6%
0.8%
0.8%
3.8%
3.8%
19.2%
19.2%
32.8%
32.8%
30.1%
30.1%
12.2%
12.2%
0% 100.0%
% of Homes
Average

for Texas

Low

for nation

Number of Homes And Apartments:

996

Rusk Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,526 / per month

Homeownership Rate

Owners
Renters
32.4%
32.4%
67.6%
67.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.3%
13.3%
86.7%
86.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.3%
13.3%
57.3%
57.3%
21.8%
21.8%
7.6%
7.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
85.0%
85.0%
0.0%
0.0%
2.3%
2.3%
2.5%
2.5%
9.8%
9.8%
0.3%
0.3%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
5.0%
5.0%
22.6%
22.6%
59.9%
59.9%
8.6%
8.6%
3.3%
3.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Rusk

Zip Codes in Rusk, TX