Rockport, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Rockport Neighborhoods Since 2000




Rockport, IN 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 2,223 people, 984 houses or apartments, and a median cost of homes of $92,270, house prices in Rockport are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in Rockport, accounting for 70.61% of the city's housing units. Other types of housing that are prevalent in Rockport include duplexes, homes converted to apartments or other small apartment buildings ( 11.50%), mobile homes or trailers ( 9.42%), and a few large apartment complexes or high rise apartments ( 7.95%).

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

The housing in Rockport was primarily built before 1939 ( 33.71%), making the housing stock in Rockport some of the oldest overall in America, although there is a range of ages of homes in Rockport. The next most important housing age is between 1970-1999 ( 29.99%), followed by between 1940-1969 ( 28.78%). There's also some housing in Rockport built between 2000 and later ( 7.52%).

Vacant housing appears to be an issue in Rockport. Fully 14.95% 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 7.82%, which ranks in the top 40% nationwide. This equates to an annual average Rockport house appreciation rate of 0.76%.

NeighborhoodScout's data show that during the latest twelve months, Rockport's appreciation rate, at 4.10%, has been at or slightly above the national average. In the latest quarter, Rockport's appreciation rate has been -1.14%, which annualizes to a rate of -4.49%.

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

Relative to Indiana, our data show that Rockport's latest annual appreciation rate is higher than 60% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$92,270

Rockport, IN HOME PRICES

Value Range
> $1,074,000 0.0
$805,001 - $1,074,000 0.0
$537,001 - $805,000 0.0
$430,001 - $537,000 1.0
$322,001 - $430,000 0.4
$215,001 - $322,000 4.7
$107,001 - $215,000 37.4
$53,001 - $107,000 37.4
$0 - $53,000 19.1

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
82.526661197703 82.3529411764706

Number Of Homes And Apartments:
984

Rockport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
20.98% 1.11% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$856 / per month

Homeownership Rate

Homeownership
Owners 52.95
Renters 47.05
Vacant 14.95

Housing Market Details

 

Age of Homes

AGE OF Rockport HOMES
2000 or Newer 7.5
1970 - 1999 30.0
1940 - 1969 28.8
1939 or Older 33.7

Types of Homes

TYPE OF Rockport HOMES
Single-Family 70.6
Townhomes 0.5
Small Apt. Buildings 11.5
Apt. Complexes 8.0
Mobile Homes 9.4
Other 0.0

Home Size

SIZE OF Rockport HOMES
No Bedroom 1.21
1 Bedroom 13.22
2 Bedrooms 36.13
3 Bedrooms 39.07
4 Bedrooms 9.16
5 or more bedrooms 1.21

Popular Neighborhoods in Rockport

Zip Codes in Rockport, IN