Rockingham, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Rockingham Neighborhoods Since 2000




Rockingham, NC 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

Rockingham Housing Market Information

With 9,220 people, 3,795 houses or apartments, and a median cost of homes of $102,580, house prices in Rockingham are solidly below the national average.

Single-family detached homes are the single most common housing type in Rockingham, accounting for 67.82% of the city's housing units. Other types of housing that are prevalent in Rockingham include large apartment complexes or high rise apartments ( 14.31%), duplexes, homes converted to apartments or other small apartment buildings ( 12.35%), and a few mobile homes or trailers ( 3.96%).

The most prevalent building size and type in Rockingham are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.43% owning and 46.57% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rockingham's housing was primarily built during this period, from the '40s through the '60s. A full 44.60% of the city's housing hails from this era. Other housing ages represented in Rockingham include homes built between 1970-1999 ( 38.86%) and housing constructed before 1939 ( 8.58%). There's also some housing in Rockingham built between 2000 and later ( 7.96%).

Vacant housing appears to be an issue in Rockingham. Fully 10.07% of the housing stock is classified as vacant. Left unchecked, vacant Rockingham homes and apartments can be a drag on the real estate market, holding Rockingham 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.

Rockingham Home Appreciation Rates

Appreciation rates for homes in Rockingham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.79%, which ranks in the top 50% nationwide. This equates to an annual average Rockingham house appreciation rate of 0.18%.

Over the last year, Rockingham appreciation rates have trailed the rest of the nation. In the last twelve months, Rockingham's appreciation rate has been 0.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rockingham were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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

Relative to North Carolina, our data show that Rockingham's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Rockingham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rockingham - 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 Rockingham real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$102,580

Rockingham, NC HOME PRICES

Value Range
> $1,001,000 0.6
$750,001 - $1,001,000 0.1
$500,001 - $750,000 1.2
$400,001 - $500,000 1.1
$300,001 - $400,000 2.8
$200,001 - $300,000 3.7
$100,001 - $200,000 38.3
$50,001 - $100,000 36.0
$0 - $50,000 16.2

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
75.9258174147428 78.2214156079855

Number Of Homes And Apartments:
3,795

Rockingham Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
32.46% 1.64% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$847 / per month

Homeownership Rate

Homeownership
Owners 53.43
Renters 46.57
Vacant 10.07

Housing Market Details

 

Age of Homes

AGE OF Rockingham HOMES
2000 or Newer 8.0
1970 - 1999 38.9
1940 - 1969 44.6
1939 or Older 8.6

Types of Homes

TYPE OF Rockingham HOMES
Single-Family 67.8
Townhomes 1.6
Small Apt. Buildings 12.3
Apt. Complexes 14.3
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Rockingham HOMES
No Bedroom 1.18
1 Bedroom 11.21
2 Bedrooms 32.49
3 Bedrooms 44.24
4 Bedrooms 8.25
5 or more bedrooms 2.63