The housing market in Rutland, NY is thriving. The median value of homes in this area is $211,200, which is significantly lower than the US median of $338,100. Despite the lower home prices, Rutland has seen an impressive year-on-year appreciation of 9.27%, higher than the national average of 8.27%. This indicates a strong demand for property in Rutland and suggests that real estate values will likely continue to increase in the near future. With such promising prospects, now may be a great time to invest in the housing market in Rutland.
The median home cost in Rutland is $211,200. Home appreciation the last 10 years has been 30.9%. Home Appreciation in Rutland is up 11.4%.
Average Age of Homes
- The median age of Rutland real estate is 45 years old
The Rental Market in Rutland
- Renters make up 23.0% of the Rutland population
- 0.0% of houses and apartments in Rutland, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.