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 3,969 people, 1,712 houses or apartments, and a median cost of homes of $188,531, house prices in Rossville are solidly below the national average.
Single-family detached homes are the single most common housing type in Rossville, accounting for 74.80% of the city's housing units. Other types of housing that are prevalent in Rossville include large apartment complexes or high rise apartments ( 11.77%), duplexes, homes converted to apartments or other small apartment buildings ( 11.62%), and a few row houses and other attached homes ( 1.81%).
People in Rossville primarily live in small (one, two or no bedroom) single-family detached homes. Rossville has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rossville's housing was primarily built during this period, from the '40s through the '60s. A full 41.35% of the city's housing hails from this era. Other housing ages represented in Rossville include homes built before 1939 ( 27.62%) and housing constructed between 1970-1999 ( 24.85%). There's also some housing in Rossville built between 2000 and later ( 6.19%).
Vacant housing appears to be an issue in Rossville. Fully 13.88% of the housing stock is classified as vacant. Left unchecked, vacant Rossville homes and apartments can be a drag on the real estate market, holding Rossville 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.
In the last 10 years, Rossville has experienced some of the highest home appreciation rates of any community in the nation. Rossville real estate appreciated 139.03% over the last ten years, which is an average annual home appreciation rate of 9.11%, putting Rossville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rossville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Rossville that despite a nationwide downturn in the housing market, Rossville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rossville appreciation rates continue to be some of the highest in America, at 12.27%, which is higher than appreciation rates in 94.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rossville. Rossville appreciation rates in the latest quarter were at 0.83%, which equates to an annual appreciation rate of 3.37%.
Relative to Georgia, our data show that Rossville's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Rossville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rossville - 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 Rossville real estate investment or home purchase decisions.
$188,531
for Georgia
for nation
1,712
$1,632 / per month