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 a population of 2,481, 1,161 total housing units (homes and apartments), and a median house value of $193,276, house prices in Rugby are solidly below the national average.
Single-family detached homes are the single most common housing type in Rugby, accounting for 76.85% of the city's housing units. Other types of housing that are prevalent in Rugby include duplexes, homes converted to apartments or other small apartment buildings ( 11.32%), large apartment complexes or high rise apartments ( 5.23%), and a few row houses and other attached homes ( 4.28%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rugby. Owner-occupied housing accounts for 71.58% of Rugby's homes, and 60.30% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Rugby 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 Rugby built between 1940-1969 ( 24.53%). A lesser amount of the housing stock also hails from before 1939 ( 21.77%). There's also some housing in Rugby built between 2000 and later ( 8.93%).
Vacant housing appears to be an issue in Rugby. Fully 15.75% of the housing stock is classified as vacant. Left unchecked, vacant Rugby homes and apartments can be a drag on the real estate market, holding Rugby 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Rugby, where house values have increased just 43.18%, which is annualized rate of 3.65%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Rugby that despite a nationwide downturn in the housing market, Rugby real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rugby appreciation rates continue to be some of the highest in America, at 9.29%, which is higher than appreciation rates in 82.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rugby. Rugby appreciation rates in the latest quarter were at 5.16%, which equates to an annual appreciation rate of 22.29%.
Importantly, this makes Rugby 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 North Dakota, our data show that Rugby's latest annual appreciation rate is lower than 50% of the other cities and towns in North Dakota.
$193,276
for North dakota
for nation
1,161
$1,106 / per month