Rockport, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rockport, AR Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Rockport Housing Market Information

With 753 people, 331 houses or apartments, and a median cost of homes of $87,236, the cost of homes in Rockport is among some of the lowest in the nation. Compared to Arkansas, however, Rockport real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Rockport, accounting for 82.75% of the city's housing units. Other types of housing that are prevalent in Rockport include mobile homes or trailers ( 17.25%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rockport. Owner-occupied housing accounts for 65.26% of Rockport's homes, and 65.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rockport 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 Rockport built between 1940-1969 ( 31.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.00%). There's also some housing in Rockport built before 1939 ( 5.00%).

Vacant housing appears to be an issue in Rockport. Fully 17.25% of the housing stock is classified as vacant. Left unchecked, vacant Rockport homes and apartments can be a drag on the real estate market, holding Rockport 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.

Rockport Home Appreciation Rates

Appreciation rates for homes in Rockport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.90%, which ranks in the top 50% nationwide. This equates to an annual average Rockport house appreciation rate of 0.19%.

Over the last year, Rockport appreciation rates have trailed the rest of the nation. In the last twelve months, Rockport's appreciation rate has been 2.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rockport were at -1.14%, which equates to an annual appreciation rate of -4.49%.

Notably, Rockport's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arkansas, our data show that Rockport's latest annual appreciation rate is higher than 50% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$87,236

Rockport, AR HOME PRICES

Value Range
> $1,055,000 0.4
$791,001 - $1,055,000 0.0
$527,001 - $791,000 0.0
$422,001 - $527,000 0.2
$316,001 - $422,000 2.1
$211,001 - $316,000 8.6
$105,001 - $211,000 23.9
$53,001 - $105,000 38.7
$0 - $53,000 26.2

Average for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
86.0101957107699 56.3380281690141

Number Of Homes And Apartments:
331

Rockport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
33.18% 1.67% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$951 / per month

Homeownership Rate

Homeownership
Owners 65.26
Renters 34.74
Vacant 17.25

Housing Market Details

 

Age of Homes

AGE OF Rockport HOMES
2000 or Newer 10.0
1970 - 1999 54.0
1940 - 1969 31.0
1939 or Older 5.0

Types of Homes

TYPE OF Rockport HOMES
Single-Family 82.8
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 17.3
Other 0.0

Home Size

SIZE OF Rockport HOMES
No Bedroom 0.00
1 Bedroom 1.25
2 Bedrooms 31.50
3 Bedrooms 55.75
4 Bedrooms 9.50
5 or more bedrooms 2.00

Popular Neighborhoods in Rockport

Zip Codes in Rockport, AR