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 6,135 people, 2,524 houses or apartments, and a median cost of homes of $137,093, house prices in Rushville are some of the most affordable in Indiana as well as the nation.
Single-family detached homes are the single most common housing type in Rushville, accounting for 67.24% of the city's housing units. Other types of housing that are prevalent in Rushville include large apartment complexes or high rise apartments ( 17.22%), duplexes, homes converted to apartments or other small apartment buildings ( 9.31%), and a few mobile homes or trailers ( 4.39%).
People in Rushville primarily live in small (one, two or no bedroom) single-family detached homes. Rushville has a mixture of owner-occupied and renter-occupied housing.
The housing in Rushville was primarily built before 1939 ( 42.98%), making the housing stock in Rushville some of the oldest overall in America, although there is a range of ages of homes in Rushville. The next most important housing age is between 1940-1969 ( 29.31%), followed by between 1970-1999 ( 20.11%). There's also some housing in Rushville built between 2000 and later ( 7.60%).
Vacant housing appears to be an issue in Rushville. Fully 12.03% of the housing stock is classified as vacant. Left unchecked, vacant Rushville homes and apartments can be a drag on the real estate market, holding Rushville 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.
Rushville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rushville during the period has been just 5.60%, which is lower than 70% of US communities.
Over the last year, Rushville appreciation rates have trailed the rest of the nation. In the last twelve months, Rushville's appreciation rate has been 5.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rushville were at 1.91%, which equates to an annual appreciation rate of 7.88%.
Relative to Indiana, our data show that Rushville's latest annual appreciation rate is lower than 60% of the other cities and towns in Indiana.
$137,093
for Indiana
for nation
2,524
$1,280 / per month