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 8,197 people, 3,165 houses or apartments, and a median cost of homes of $245,731, house prices in Rawlins are solidly below the national average.
Single-family detached homes are the single most common housing type in Rawlins, accounting for 65.15% of the city's housing units. Other types of housing that are prevalent in Rawlins include large apartment complexes or high rise apartments ( 13.12%), mobile homes or trailers ( 12.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.79%).
The most prevalent building size and type in Rawlins are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.11% owning and 36.89% renting.
There is a lot of housing in Rawlins 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 Rawlins built between 1940-1969 ( 33.82%). A lesser amount of the housing stock also hails from before 1939 ( 20.26%). There's also some housing in Rawlins built between 2000 and later ( 8.94%).
Vacant housing appears to be an issue in Rawlins. Fully 20.93% of the housing stock is classified as vacant. Left unchecked, vacant Rawlins homes and apartments can be a drag on the real estate market, holding Rawlins 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Rawlins, where house values have increased just 30.25%, which is annualized rate of 2.68%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Rawlins appreciation rates have trailed the rest of the nation. In the last twelve months, Rawlins's appreciation rate has been 0.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rawlins were at 4.60%, which equates to an annual appreciation rate of 19.69%.
Importantly, this makes Rawlins one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Wyoming, our data show that Rawlins's latest annual appreciation rate is lower than 90% of the other cities and towns in Wyoming.
$245,731
for Wyoming
for nation
3,165
$1,305 / per month