Rockledge, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Rockledge Neighborhoods Since 2000




Rockledge, FL 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

Rockledge Housing Market Information

With 26,626 people, 10,171 houses or apartments, and a median cost of homes of $199,298, Rockledge real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rockledge, accounting for 72.34% of the city's housing units. Other types of housing that are prevalent in Rockledge include large apartment complexes or high rise apartments ( 14.91%), row houses and other attached homes ( 4.88%), and a few mobile homes or trailers ( 4.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rockledge. Owner-occupied housing accounts for 74.69% of Rockledge's homes, and 73.21% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rockledge 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 Rockledge built between 2000 and later ( 27.13%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.51%). There's also some housing in Rockledge built before 1939 ( 2.55%).

Rockledge Home Appreciation Rates

Homes have actually lost value in Rockledge over the last then years, as home values have seen a decline of 19.90% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Rockledge home appreciation rates at 2.32%, which equates to an annual appreciation rate of 9.60%.

Appreciation rates are so strong in Rockledge that despite a nationwide downturn in the housing market, Rockledge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rockledge appreciation rates continue to be some of the highest in America, at 12.01%, which is higher than appreciation rates in 97.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rockledge. Rockledge appreciation rates in the latest quarter were at 2.32%, which equates to an annual appreciation rate of 9.60%.

Importantly, this makes Rockledge one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Rockledge's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Rockledge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rockledge - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Rockledge real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$199,298

Rockledge, FL HOME PRICES

Value Range
> $1,389,000 0.6
$1,042,001 - $1,389,000 0.4
$695,001 - $1,042,000 1.6
$556,001 - $695,000 1.3
$417,001 - $556,000 4.9
$278,001 - $417,000 17.3
$139,001 - $278,000 44.5
$69,001 - $139,000 24.9
$0 - $69,000 4.5

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
32.4387671393414 46.7948717948718

Number Of Homes And Apartments:
10,171

Rockledge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
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
69.32% 3.10% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,265 / per month

Homeownership Rate

Homeownership
Owners 74.69
Renters 25.31
Vacant 10.00

Housing Market Details

 

Age of Homes

AGE OF Rockledge HOMES
2000 or Newer 27.1
1970 - 1999 45.8
1940 - 1969 24.5
1939 or Older 2.5

Types of Homes

TYPE OF Rockledge HOMES
Single-Family 72.3
Townhomes 4.9
Small Apt. Buildings 3.3
Apt. Complexes 14.9
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Rockledge HOMES
No Bedroom 0.51
1 Bedroom 3.83
2 Bedrooms 20.06
3 Bedrooms 52.64
4 Bedrooms 20.57
5 or more bedrooms 2.38