Rockland, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rockland, ME Real Estate Data


Rockland Housing Market Information

With 7,237 people, 3,446 houses or apartments, and a median cost of homes of $163,407, Rockland real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Rockland, accounting for 58.23% 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 ( 21.98%), large apartment complexes or high rise apartments ( 13.04%), and a few mobile homes or trailers ( 4.54%).

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 ( 55.28%), 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 ( 24.53%), followed by between 1940-1969 ( 11.62%). There's also some housing in Rockland built between 2000 and later ( 8.57%).

Vacant housing appears to be an issue in Rockland. Fully 14.43% 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

Rockland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rockland during the period has been just -1.31%, which is lower than 80% of US communities.

Over the last year, Rockland appreciation rates have trailed the rest of the nation. In the last twelve months, Rockland's appreciation rate has been 3.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rockland were at 0.53%, which equates to an annual appreciation rate of 2.13%.

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

Relative to Maine, our data show that Rockland's latest annual appreciation rate is higher than 50% of the other cities and towns in Maine.

Average Home Values

 

Median Home Value:
$163,407

Rockland, ME HOME PRICES

Value Range
> $1,062,000 1.5
$797,001 - $1,062,000 1.3
$531,001 - $797,000 2.5
$425,001 - $531,000 1.6
$319,001 - $425,000 4.5
$212,001 - $319,000 21.6
$107,001 - $212,000 42.0
$53,001 - $107,000 14.7
$0 - $53,000 10.1

Average for ME
Average for Nation

Value Relative to Nation Value Relative to State
45.470515898577 50.0

Number Of Homes And Apartments:
3,446

Rent & Ownership

 

Average Market Rent:
$1,060 / per month

Homeownership Rate

Homeownership
Owners 60.08
Renters 39.92
Vacant 14.43

Housing Market Details

 

Age of Homes

AGE OF Rockland HOMES
2000 or Newer 8.6
1970 - 1999 24.5
1940 - 1969 11.6
1939 or Older 55.3

Types of Homes

TYPE OF Rockland HOMES
Single-Family 58.2
Townhomes 2.2
Small Apt. Buildings 22.0
Apt. Complexes 13.0
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Rockland HOMES
No Bedroom 5.66
1 Bedroom 14.82
2 Bedrooms 31.39
3 Bedrooms 34.86
4 Bedrooms 7.77
5 or more bedrooms 5.49

Rockland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ME*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
40.70% 2.03% 2 5
* 10 is highest