According to statistics, the population in Rutledge, TN amounts to 1,589, which shows growth 17% compared to the previous year. The median age of the city’s residents is 47. The average household income is $33,994, shifting growth 54% from the past year, and the average property value in Rutledge, TN growth 19% to $95,400 throughout the year.
|Number Of Employees||530|
|Median Property Value||$95,400|
The average household income in Rutledge, TN grew from $22,083 to $33,994 in the past year. This data is an estimate based upon 631 households in Rutledge, TN . The chart below presents how household income is distributed in Rutledge, TN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Rutledge, TN shifted from $80,500 to $95,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Rutledge, TN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Rutledge, TN properties falls in the '$40,000 to $49,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Rutledge, TN compared to median property taxes around the country. The prevalent amount of property taxes in Rutledge, TN equals $800, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|Studio for sale||$108,983||+191%|
|1 bed for sale||$183,900||N/A|
|2 bed for sale||$217,000||N/A|
|3 bed for sale||$341,075||+1.3%|
|4+ bed for sale||$267,757||+179.6%|
During Aug 2022, the average price for an apartment in/near Rutledge, TN increased by 5.1% to $263,286.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $183,900 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $217,000. A 3-bed apartment goes for $341,075, it increased by 1.3% lately. We discerned the rise of 4- and more bed apartment price. It increased by 179.6% and made it up to $267,757.
|Listing Type||Aug||vs Last Month|
|Houses for sale||$317,645||-1.8%|
|Land for sale||$191,327||+352.8%|
|Other for sale||$151,333||-30%|
|Condos for sale||$214,966||N/A|
|Apartments for sale||$86,100||N/A|
While assessing the property pricing Rutledge, TN, you can note that it remains flat with a price tag of $86,100. Price reports demonstrate that house price decreased by 1.8% this month making it up to $317,645. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $214,966.