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 322, 216 total housing units (homes and apartments), and a median house value of $171,371, house prices in Ruffin are solidly below the national average.
Single-family detached homes are the single most common housing type in Ruffin, accounting for 58.80% of the town's housing units. Other types of housing that are prevalent in Ruffin include mobile homes or trailers ( 34.08%), large apartment complexes or high rise apartments ( 7.12%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ruffin. Owner-occupied housing accounts for 71.76% of Ruffin's homes, and 58.05% have either three or four bedrooms, which is average sized relative to America.
Ruffin homes and real estate are some of the newest in America. 42.70% of Ruffin's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Ruffin real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.21%), and before 1939 ( 13.48%). There's also some housing in Ruffin built between 1940-1969 ( 8.61%).
Vacant housing appears to be an issue in Ruffin. Fully 19.10% of the housing stock is classified as vacant. Left unchecked, vacant Ruffin homes and apartments can be a drag on the real estate market, holding Ruffin 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.
Real estate appreciation rates in Ruffin's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.72% during the period.
Appreciation rates are so strong in Ruffin that despite a nationwide downturn in the housing market, Ruffin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ruffin appreciation rates continue to be some of the highest in America, at 7.22%, which is higher than appreciation rates in 76.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ruffin. Ruffin appreciation rates in the latest quarter were at 1.18%, which equates to an annual appreciation rate of 4.81%.
Relative to North Carolina, our data show that Ruffin's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.
$171,371
for North carolina
for nation
216
$1,100 / per month