Rockport, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rockport, MA 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 7,206 people, 3,282 houses or apartments, and a median cost of homes of $602,982, Rockport house prices are not only among the most expensive in Massachusetts, Rockport real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Rockport, accounting for 64.53% of the town's housing units. Other types of housing that are prevalent in Rockport include duplexes, homes converted to apartments or other small apartment buildings ( 20.89%), large apartment complexes or high rise apartments ( 8.57%), and a few row houses and other attached homes ( 5.88%).

Dwellings in Rockport tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.18% of the homes in Rockport have two or fewer bedrooms.

The housing in Rockport was primarily built before 1939 ( 49.75%), 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 ( 25.58%), followed by between 1940-1969 ( 21.44%). There's also some housing in Rockport built between 2000 and later ( 3.24%).

Vacant housing appears to be an issue in Rockport. Fully 21.91% 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 2.68%, which ranks in the top 50% nationwide. This equates to an annual average Rockport house appreciation rate of 0.26%.

NeighborhoodScout's data show that during the latest twelve months, Rockport's appreciation rate, at 3.88%, has been at or slightly above the national average. In the latest quarter, Rockport's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

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

Average Home Values

 

Median Home Value:
$602,982

Rockport, MA HOME PRICES

Value Range
> $1,150,000 7.8
$862,001 - $1,150,000 8.2
$575,001 - $862,000 21.5
$460,001 - $575,000 20.2
$345,001 - $460,000 27.9
$230,001 - $345,000 7.7
$115,001 - $230,000 4.3
$57,001 - $115,000 0.3
$0 - $57,000 2.1

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
3.86147896402203 13.7820512820513

Number Of Homes And Apartments:
3,282

Rockport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
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
49.07% 2.34% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,474 / per month

Homeownership Rate

Homeownership
Owners 66.92
Renters 33.08
Vacant 21.91

Housing Market Details

 

Age of Homes

AGE OF Rockport HOMES
2000 or Newer 3.2
1970 - 1999 25.6
1940 - 1969 21.4
1939 or Older 49.8

Types of Homes

TYPE OF Rockport HOMES
Single-Family 64.5
Townhomes 5.9
Small Apt. Buildings 20.9
Apt. Complexes 8.6
Mobile Homes 0.0
Other 0.1

Home Size

SIZE OF Rockport HOMES
No Bedroom 1.28
1 Bedroom 20.84
2 Bedrooms 29.05
3 Bedrooms 27.79
4 Bedrooms 15.80
5 or more bedrooms 5.23

Popular Neighborhoods in Rockport

Zip Codes in Rockport, MA