Rockland, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Rockland Neighborhoods Since 2000




Rockland, ME 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

Rockland Housing Market Information

With a population of 7,237, 3,554 total housing units (homes and apartments), and a median house value of $183,802, Rockland real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rockland, accounting for 54.18% of the city's housing units. Other types of housing that are prevalent in Rockland include duplexes, homes converted to apartments or other small apartment buildings ( 21.38%), large apartment complexes or high rise apartments ( 18.12%), and a few mobile homes or trailers ( 4.31%).

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

The housing in Rockland was primarily built before 1939 ( 51.19%), making the housing stock in Rockland some of the oldest overall in America, although there is a range of ages of homes in Rockland. The next most important housing age is between 1970-1999 ( 25.67%), followed by between 1940-1969 ( 14.76%). There's also some housing in Rockland built between 2000 and later ( 8.38%).

Vacant housing appears to be an issue in Rockland. Fully 12.87% of the housing stock is classified as vacant. Left unchecked, vacant Rockland homes and apartments can be a drag on the real estate market, holding Rockland 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.

Rockland Home Appreciation Rates

Real estate appreciation rates in Rockland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.43% during the period.

Appreciation rates are so strong in Rockland that despite a nationwide downturn in the housing market, Rockland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rockland appreciation rates continue to be some of the highest in America, at 9.03%, which is higher than appreciation rates in 90.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rockland. Rockland appreciation rates in the latest quarter were at 1.58%, which equates to an annual appreciation rate of 6.47%.

Relative to Maine, our data show that Rockland's latest annual appreciation rate is higher than 90% of the other cities and towns in Maine.

Average Home Values

 

Median Home Value:
$183,802

Rockland, ME HOME PRICES

Value Range
> $1,133,000 0.8
$850,001 - $1,133,000 0.0
$566,001 - $850,000 2.6
$453,001 - $566,000 2.2
$340,001 - $453,000 4.8
$227,001 - $340,000 23.1
$113,001 - $227,000 46.1
$57,001 - $113,000 10.8
$0 - $57,000 9.5

Average for ME
High for Nation

Value Relative to Nation Value Relative to State
36.7983124340795 41.3934426229508

Number Of Homes And Apartments:
3,554

Rockland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ME*
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
54.56% 2.56% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$777 / per month

Homeownership Rate

Homeownership
Owners 56.65
Renters 43.35
Vacant 12.87

Housing Market Details

 

Age of Homes

AGE OF Rockland HOMES
2000 or Newer 8.4
1970 - 1999 25.7
1940 - 1969 14.8
1939 or Older 51.2

Types of Homes

TYPE OF Rockland HOMES
Single-Family 54.2
Townhomes 2.0
Small Apt. Buildings 21.4
Apt. Complexes 18.1
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Rockland HOMES
No Bedroom 7.11
1 Bedroom 16.35
2 Bedrooms 29.81
3 Bedrooms 34.96
4 Bedrooms 8.36
5 or more bedrooms 3.41