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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Rustburg, VA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Rustburg, VA Housing Market Trends

With 1,281 people, 678 houses or apartments, and a median cost of homes of $270,085, Rustburg real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Rustburg, accounting for 68.99% of the town's housing units. Other types of housing that are prevalent in Rustburg include mobile homes or trailers ( 31.01%).

Renters dominate Rustburg's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

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. Rustburg's housing was primarily built during this period, from the '40s through the '60s. A full 44.97% of the town's housing hails from this era. Other housing ages represented in Rustburg include homes built between 1970-1999 ( 32.62%) and housing constructed between 2000 and later ( 15.30%). There's also some housing in Rustburg built before 1939 ( 7.11%).

Rustburg Home Appreciation Rates

Real estate appreciation rates in Rustburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.42% during the period.

Over the last year, Rustburg appreciation rates have trailed the rest of the nation. In the last twelve months, Rustburg's appreciation rate has been 4.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rustburg were at 4.77%, which equates to an annual appreciation rate of 20.50%.

Importantly, this makes Rustburg one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Virginia, our data show that Rustburg's latest annual appreciation rate is lower than 70% of the other cities and towns in Virginia.

Average Home Values

Median Home Value

$270,085

Rustburg, VA Home Prices
> $1,414,000
$1,061,001 - $1,414,000
$707,001 - $1,061,000
$565,001 - $707,000
$424,001 - $565,000
$283,001 - $424,000
$142,001 - $283,000
$71,001 - $142,000
$0 - $71,000
0.0%
0.0%
0.0%
0.0%
2.7%
2.7%
2.4%
2.4%
13.0%
13.0%
34.0%
34.0%
30.4%
30.4%
9.4%
9.4%
8.0%
8.0%
0% 100.0%
% of Homes
Low

for Virginia

Average

for nation

Number of Homes And Apartments:

678

Rustburg Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,226 / per month

Homeownership Rate

Owners
Renters
34.0%
34.0%
66.0%
66.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.0%
9.0%
91.0%
91.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.3%
15.3%
32.6%
32.6%
45.0%
45.0%
7.1%
7.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.0%
69.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
31.0%
31.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.9%
0.9%
39.7%
39.7%
46.0%
46.0%
11.4%
11.4%
1.9%
1.9%
0% 100.0%
% of Homes