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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,330 people, 583 houses or apartments, and a median cost of homes of $194,974, house prices in Rutledge are solidly below the national average.
Single-family detached homes are the single most common housing type in Rutledge, accounting for 53.15% of the town's housing units. Other types of housing that are prevalent in Rutledge include mobile homes or trailers ( 21.38%), duplexes, homes converted to apartments or other small apartment buildings ( 17.86%), and a few large apartment complexes or high rise apartments ( 6.88%).
People in Rutledge primarily live in small (one, two or no bedroom) single-family detached homes. Rutledge has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Rutledge 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 Rutledge built between 1940-1969 ( 27.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.74%). There's also some housing in Rutledge built before 1939 ( 5.86%).
Vacant housing appears to be an issue in Rutledge. Fully 14.64% of the housing stock is classified as vacant. Left unchecked, vacant Rutledge homes and apartments can be a drag on the real estate market, holding Rutledge 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.
Appreciation rates for homes in Rutledge have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.99%, which ranks in the top 30% nationwide. This equates to an annual average Rutledge house appreciation rate of 7.65%.
Over the last year, Rutledge appreciation rates have trailed the rest of the nation. In the last twelve months, Rutledge's appreciation rate has been 3.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rutledge were at 0.00%, which equates to an annual appreciation rate of 0.00%.
Relative to Tennessee, our data show that Rutledge's latest annual appreciation rate is lower than 70% of the other cities and towns in Tennessee.
$194,974
for Tennessee
for nation
583
$985 / per month