RUTLAND HOUSING MARKET INFORMATION With 9,422 people, 3,091 houses or apartments, and a median cost of homes of $665,535, real estate costs in Rutland are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities. Single-family detached homes are the single most common housing type in Rutland, accounting for 81.67% of the town's housing units. Other types of housing that are prevalent in Rutland include row houses and other attached homes ( 8.75%), large apartment complexes or high rise apartments ( 5.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.84%). Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rutland. Owner-occupied housing accounts for 88.11% of Rutland's homes, and 72.28% have either three or four bedrooms, which is average sized relative to America. There is a lot of housing in Rutland 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 Rutland built between 2000 and later ( 31.16%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.21%). There's also some housing in Rutland built before 1939 ( 9.98%). RUTLAND HOME APPRECIATION RATES Appreciation rates for homes in Rutland have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 104.39%, which ranks in the top 40% nationwide. This equates to an annual average Rutland house appreciation rate of 7.41%. Appreciation rates are so strong in Rutland that despite a nationwide downturn in the housing market, Rutland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rutland appreciation rates continue to be some of the highest in America, at 9.00%, which is higher than appreciation rates in 71.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rutland. Rutland appreciation rates in the latest quarter were at 1.72%, which equates to an annual appreciation rate of 7.05%. Relative to Massachusetts, our data show that Rutland's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.