Rocky Hill, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rocky Hill Neighborhoods Since 2000




Rocky Hill, CT 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

Rocky Hill Housing Market Information

With a population of 20,021, 7,911 total housing units (homes and apartments), and a median house value of $275,337, 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 47.91% of the town's housing units. Other types of housing that are prevalent in Rocky Hill include large apartment complexes or high rise apartments ( 28.96%), duplexes, homes converted to apartments or other small apartment buildings ( 11.86%), and a few row houses and other attached homes ( 11.27%).

People in Rocky Hill primarily live in small (one, two or no bedroom) single-family detached homes. Rocky Hill has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Rocky Hill 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 Rocky Hill built between 1940-1969 ( 23.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.19%). There's also some housing in Rocky Hill built before 1939 ( 6.87%).

Rocky Hill Home Appreciation Rates

Rocky Hill's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rocky Hill during the period has been just -1.25%, which is lower than 70% of US communities.

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 -0.69%, 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 -1.07%, which equates to an annual appreciation rate of -4.22%.

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

Relative to Connecticut, our data show that Rocky Hill's latest annual appreciation rate is lower than 60% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$275,337

Rocky Hill, CT HOME PRICES

Value Range
> $992,000 0.0
$744,001 - $992,000 1.5
$496,001 - $744,000 4.9
$397,001 - $496,000 10.0
$298,001 - $397,000 20.2
$198,001 - $298,000 41.0
$99,001 - $198,000 17.9
$49,001 - $99,000 2.6
$0 - $49,000 1.7

Average for CT
Very High for Nation

Value Relative to Nation Value Relative to State
18.9792570022267 50.887573964497

Number Of Homes And Apartments:
7,911

Rocky Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
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
34.42% 1.73% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,457 / per month

Homeownership Rate

Homeownership
Owners 63.66
Renters 36.34
Vacant 5.91

Housing Market Details

 

Age of Homes

AGE OF Rocky Hill HOMES
2000 or Newer 9.2
1970 - 1999 60.3
1940 - 1969 23.6
1939 or Older 6.9

Types of Homes

TYPE OF Rocky Hill HOMES
Single-Family 47.9
Townhomes 11.3
Small Apt. Buildings 11.9
Apt. Complexes 29.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Rocky Hill HOMES
No Bedroom 2.91
1 Bedroom 12.55
2 Bedrooms 41.02
3 Bedrooms 30.41
4 Bedrooms 10.15
5 or more bedrooms 2.96