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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.



Rutland, VT 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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Rutland, VT Housing Market Trends

With 15,695 people, 7,536 houses or apartments, and a median cost of homes of $244,727, Rutland real estate values are some of the lowest in Vermont, although compared to real estate around the nation, Rutland homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Rutland, accounting for 51.29% of the city's housing units. Other types of housing that are prevalent in Rutland include duplexes, homes converted to apartments or other small apartment buildings ( 29.53%), large apartment complexes or high rise apartments ( 15.22%), and a few mobile homes or trailers ( 2.71%).

People in Rutland primarily live in small (one, two or no bedroom) single-family detached homes. Rutland has a mixture of owner-occupied and renter-occupied housing.

The housing in Rutland was primarily built before 1939 ( 49.75%), making the housing stock in Rutland some of the oldest overall in America, although there is a range of ages of homes in Rutland. The next most important housing age is between 1940-1969 ( 22.48%), followed by between 1970-1999 ( 20.98%). There's also some housing in Rutland built between 2000 and later ( 6.80%).

Vacant housing appears to be an issue in Rutland. Fully 11.09% of the housing stock is classified as vacant. Left unchecked, vacant Rutland homes and apartments can be a drag on the real estate market, holding Rutland 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.

Rutland Home Appreciation Rates

Rutland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rutland during the period has been just 5.01%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Rutland's appreciation rate, at 4.99%, has been at or slightly above the national average. In the latest quarter, Rutland's appreciation rate has been 6.83%, which annualizes to a rate of 30.26%.

Importantly, this makes Rutland 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 Vermont, our data show that Rutland's latest annual appreciation rate is lower than 70% of the other cities and towns in Vermont.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Rutland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rutland - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Rutland real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$244,727

Rutland, VT Home Prices
> $1,506,000
$1,130,001 - $1,506,000
$753,001 - $1,130,000
$602,001 - $753,000
$451,001 - $602,000
$301,001 - $451,000
$151,001 - $301,000
$75,001 - $151,000
$0 - $75,000
0.2%
0.2%
0.1%
0.1%
0.8%
0.8%
0.7%
0.7%
4.1%
4.1%
17.3%
17.3%
63.6%
63.6%
11.1%
11.1%
2.1%
2.1%
0% 100.0%
% of Homes
Very Low

for Vermont

Average

for nation

Number of Homes And Apartments:

7,536

Rutland Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,454 / per month

Homeownership Rate

Owners
Renters
Vacant
53.2%
53.2%
46.8%
46.8%
11.1%
11.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.8%
6.8%
21.0%
21.0%
22.5%
22.5%
49.8%
49.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
51.3%
51.3%
1.3%
1.3%
29.5%
29.5%
15.2%
15.2%
2.7%
2.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
23.5%
23.5%
11.2%
11.2%
15.3%
15.3%
35.0%
35.0%
11.4%
11.4%
3.6%
3.6%
0% 100.0%
% of Homes