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 1,281 people, 678 houses or apartments, and a median cost of homes of $257,488, 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rustburg during the period has been just 5.66%, which is lower than 70% of US communities.
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 6.73%, 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 -1.60%, which equates to an annual appreciation rate of -6.25%.
Notably, Rustburg's appreciation rate in the latest quarter is one of the lowest in America.
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.
$257,488
for Virginia
for nation
678
$1,186 / per month