Rockville Centre, NY Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Rockville Centre, NY Housing Market Trends

With 24,550 people, 9,605 houses or apartments, and a median cost of homes of $688,876, Rockville Centre house prices are not only among the most expensive in New York, Rockville Centre 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 Rockville Centre, accounting for 58.77% of the village's housing units. Other types of housing that are prevalent in Rockville Centre include large apartment complexes or high rise apartments ( 29.99%), duplexes, homes converted to apartments or other small apartment buildings ( 9.13%), and a few row houses and other attached homes ( 1.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rockville Centre. Owner-occupied housing accounts for 69.76% of Rockville Centre's homes, and 51.48% have either three or four bedrooms, which is average sized relative to America.

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. Rockville Centre's housing was primarily built during this period, from the '40s through the '60s. A full 43.11% of the village's housing hails from this era. Other housing ages represented in Rockville Centre include homes built before 1939 ( 41.95%) and housing constructed between 1970-1999 ( 10.66%). There's also some housing in Rockville Centre built between 2000 and later ( 4.28%).

Rockville Centre Home Appreciation Rates

Rockville Centre's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rockville Centre during the period has been just 2.12%, which is lower than 70% of US communities.

Over the last year, Rockville Centre appreciation rates have trailed the rest of the nation. In the last twelve months, Rockville Centre's appreciation rate has been 4.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rockville Centre were at 1.68%, which equates to an annual appreciation rate of 6.90%.

Relative to New York, our data show that Rockville Centre's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

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

Average Home Values

 

Median Home Value:
$688,876

Rockville Centre, NY HOME PRICES

> $1,153,000
9.3%
9.3%
$866,001 - $1,153,000
23.8%
23.8%
$577,001 - $866,000
38.6%
38.6%
$462,001 - $577,000
9.2%
9.2%
$346,001 - $462,000
7.1%
7.1%
$231,001 - $346,000
7.9%
7.9%
$116,001 - $231,000
3.5%
3.5%
$58,001 - $116,000
0.2%
0.2%
$0 - $58,000
0.3%
0.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NY

Value Relative To Nation

Number Of Homes And Apartments:
9,605

Rockville Centre Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
91.03% 3.09%
5
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,733 / per month

Homeownership Rate

Owners
69.8%
69.8%
Renters
30.2%
30.2%
Vacant
3.8%
3.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.3%
4.3%
1970 - 1999
10.7%
10.7%
1940 - 1969
43.1%
43.1%
1939 or Older
42.0%
42.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.8%
58.8%
Townhomes
1.6%
1.6%
Small Apt. Buildings
9.1%
9.1%
Apt. Complexes
30.0%
30.0%
Mobile Homes
0.5%
0.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.9%
5.9%
1 Bedroom
16.9%
16.9%
2 Bedrooms
18.4%
18.4%
3 Bedrooms
27.7%
27.7%
4 Bedrooms
23.8%
23.8%
5 or more bedrooms
7.3%
7.3%
0.0% 100.0%
% OF HOMES