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Rutland

Learn about the people, housing, costs and businesses in Rutland, Massachusetts

Median Home$424,186
Median Rent$1,084/month
Population1,950
Leading IndustriesTransportation · Professional Services · Education4% transportation
Home Value Growth⬆⬆⬆+33.6% over 2 years
Retirees22% of residentsnear the national average
Homeowners85% of occupied units
NotableHighly Educated26% bachelor's · 13% graduate · top 16% nationally
NotableHigh Incomes$92k/year · top 23% nationally
Rutland
MA

Frequently Asked Questions

What are today's mortgage rates in Rutland?

As of today, the 30-year fixed mortgage rate for Rutland is approximately 6.857% (6.892% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Rutland?

The median home value in Rutland is $424k. The median monthly rent is $1,084. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rutland?

Home values in Rutland have increased 33.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Rutland?

Based on a typical all-in ownership cost of $1,298/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $56k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rutland is $92k/year.

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What industries drive the economy in Rutland?

The largest employment sectors in Rutland are public administration (25%) and wholesale trade (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.