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These days, finding an affordable place to live in the Rutland area can be challenging. Home prices in Rutland are now at a median cost of $291,939, lower than the Florida average of $396,783.
The average cost of rent is $1,186/mo in Rutland, primarily driven by the current value of real estate in the Rutland area. In Rutland, 22.59% of households rent, and 59.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rutland is $4,785 per month. Households that rent pay about 24.78% of their income on rent here. Rutland’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Panacoochee Retreats, FL: less expensive homes
- Royal, FL: higher priced homes
- Lake Panasoffkee, FL: less expensive homes
- Inverness, FL: less expensive homes
- Inverness Highlands South, FL: less expensive homes
- Bevilles Corner, FL: less expensive homes
- Pedro, FL: higher priced homes
- Inverness Highlands North, FL: less expensive homes
- Coleman, FL: higher priced homes
- Floral City, FL: less expensive homes
Cities with Similar Populations
- Sutter, IL: less expensive homes
- Hibbard, IN: less expensive homes
- Hickory Hill, AR: less expensive homes
- Hickory Hill, FL: less expensive homes
- Hico, TN: less expensive homes
- Hidden Timber, SD: less expensive homes
- Summerfield, LA: less expensive homes
- Sunny Side, TX: less expensive homes
- Sutliff, IA: higher priced homes
- Hesler, KY: less expensive homes
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