Rutland, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rutland Neighborhoods Since 2000




Rutland, VT 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

Rutland Housing Market Information

With a population of 15,824, 7,064 total housing units (homes and apartments), and a median house value of $140,694, 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 48.73% 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 ( 29.42%), large apartment complexes or high rise apartments ( 15.20%), and a few row houses and other attached homes ( 3.44%).

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 ( 42.81%), 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 ( 29.13%), followed by between 1970-1999 ( 23.63%). There's also some housing in Rutland built between 2000 and later ( 4.42%).

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 -2.05%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Rutland's appreciation rate, at 4.63%, has been at or slightly above the national average. In the latest quarter, Rutland's appreciation rate has been 2.55%, which annualizes to a rate of 10.60%.

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 higher 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:
$140,694

Rutland, VT HOME PRICES

Value Range
> $991,000 0.3
$743,001 - $991,000 0.0
$495,001 - $743,000 0.0
$396,001 - $495,000 2.5
$297,001 - $396,000 7.0
$198,001 - $297,000 12.8
$99,001 - $198,000 56.5
$50,001 - $99,000 12.9
$0 - $50,000 7.9

Very Low for VT
Average for Nation

Value Relative to Nation Value Relative to State
54.4298605414274 95.6204379562044

Number Of Homes And Apartments:
7,064

Rutland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VT*
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
31.75% 1.61% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$962 / per month

Homeownership Rate

Homeownership
Owners 48.72
Renters 51.28
Vacant 9.67

Housing Market Details

 

Age of Homes

AGE OF Rutland HOMES
2000 or Newer 4.4
1970 - 1999 23.6
1940 - 1969 29.1
1939 or Older 42.8

Types of Homes

TYPE OF Rutland HOMES
Single-Family 48.7
Townhomes 3.4
Small Apt. Buildings 29.4
Apt. Complexes 15.2
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Rutland HOMES
No Bedroom 15.38
1 Bedroom 15.61
2 Bedrooms 22.51
3 Bedrooms 31.42
4 Bedrooms 11.34
5 or more bedrooms 3.73