Rocky Hill appreciation rates and housing market information

Rocky Hill housing market information

With 17,942 people, 7,956 houses or apartments, and a median cost of homes of $313,000, Rocky Hill real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Rocky Hill, accounting for 46.82% of the town's housing units. Other types of housing that are prevalent in Rocky Hill include large apartment complexes or high rise apartments (29.76%), row houses and other attached homes (11.83%), and a few duplexes, homes converted to apartments, or other small apartment buildings (11.59%).

Dwellings in Rocky Hill tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 56.16% of the homes in Rocky Hill have two or fewer bedrooms.

There is a lot of housing in Rocky Hill built from 1970-1994, 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 Rocky Hill built from 1940-1969 (29.31%). A lesser amount of the housing stock also hails from 1995 and later (9.10%), and some were built from 1939 and earlier (9.10%).

Rocky Hill home appreciation rates

Appreciation rates for homes in Rocky Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.33%, which ranks in the top 40% nationwide. This equates to an annual average Rocky Hill house appreciation rate of 8.93%.

Over the last year, Rocky Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Rocky Hill's appreciation rate has been 0.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rocky Hill were at -0.96%, which equates to an annual appreciation rate of -3.84%.

Relative to Connecticut, our data show that Rocky Hill's latest annual appreciation rate is higher than 85% of the other cities and towns in Connecticut.