Much like its nearby areas, it is similar compared to the entire country. Compared to the city of Boston however, it's a lot less expensive.
Home prices
The median home in Rutland is valued at $225,900. Compared to other places in this area it is roughly $2,480 (1%) lower.Compared to the rest of the country it is about $8,400 (3%) higher, and is roughly $306,800 (57%) lower compared to the city of Boston.
Rents
The median rent in Rutland is $1,160 a month. In comparison to other places in this area this is approximately $157 (15%) higher.It is approximately $98 (9%) higher in comparison to the entire nation, and in comparison to the city of Boston it is approximately $460 (28%) lower.
Nearby places
Spencer
Spencer is roughly 7 miles south from Rutland. Its real estate prices are similar. The median home in Spencer costs $222,500, which works out to $3,400 (1%) lower than Rutland. Rent there is a lot less expensive. In Spencer the median rent is $873 per month, which is $287 (32%) lower than Rutland.
North Brookfield
North Brookfield is roughly 8 miles southwest from Rutland. Real estate prices there are pretty similar. The median home price in North Brookfield is $228,300, which comes out to $2,400 (1%) higher than Rutland. Rent there is significantly less expensive. The median rent in North Brookfield is $867 per month, which is $293 (33%) lower than Rutland.
Worcester
Worcester is approximately 8 miles southeast from Rutland. Its housing prices are fairly similar. The median home in Worcester costs $227,100, which is very similar to Rutland. Its rents are a bit less expensive. In Worcester the median rent is $1,095 a month, which comes out to $65 (5%) lower than Rutland.
East Brookfield
East Brookfield is roughly 9 miles southwest from Rutland. Its housing prices are fairly similar. The median home value in East Brookfield is $217,400, which comes out to $8,500 (3%) lower than Rutland. Its rents are a little less expensive. The median rent in East Brookfield is $1,045 a month, which works out to $115 (11%) lower than Rutland.
West Brookfield
West Brookfield is approximately 11 miles southwest of Rutland. The housing prices there are a little more expensive. The median home in West Brookfield costs $246,600, which works out to $20,700 (8%) higher than Rutland. Rents there are similar. In West Brookfield the median rent is $1,133 a month, which comes out to $27 (2%) lower than Rutland.
