Rockville Centre, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rockville Centre, NY Real Estate Data


Rockville Centre Housing Market Information

With 24,201 people, 9,187 houses or apartments, and a median cost of homes of $649,802, 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 57.54% of the village's housing units. Other types of housing that are prevalent in Rockville Centre include large apartment complexes or high rise apartments ( 32.42%), duplexes, homes converted to apartments or other small apartment buildings ( 8.69%), and a few row houses and other attached homes ( 1.26%).

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 70.07% of Rockville Centre's homes, and 53.75% have either three or four bedrooms, which is average sized relative to America.

The housing in Rockville Centre was primarily built before 1939 ( 44.08%), making the housing stock in Rockville Centre some of the oldest overall in America, although there is a range of ages of homes in Rockville Centre. The next most important housing age is between 1940-1969 ( 43.07%), followed by between 1970-1999 ( 9.51%). There's also some housing in Rockville Centre built between 2000 and later ( 3.34%).

Rockville Centre Home Appreciation Rates

Real estate appreciation rates in Rockville Centre's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.28% during the period.

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 4.04%, 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 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New York, our data show that Rockville Centre's latest annual appreciation rate is higher than 60% 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:
$649,802

Rockville Centre, NY HOME PRICES

Value Range
> $1,113,000 8.6
$835,001 - $1,113,000 13.1
$556,001 - $835,000 42.7
$445,001 - $556,000 11.8
$334,001 - $445,000 7.8
$223,001 - $334,000 7.0
$111,001 - $223,000 6.1
$56,001 - $111,000 0.7
$0 - $56,000 2.2

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
3.34367863207823 9.20314253647587

Number Of Homes And Apartments:
9,187

Rent & Ownership

 

Average Market Rent:
$2,090 / per month

Homeownership Rate

Homeownership
Owners 70.07
Renters 29.93
Vacant 3.60

Housing Market Details

 

Age of Homes

AGE OF Rockville Centre HOMES
2000 or Newer 3.3
1970 - 1999 9.5
1940 - 1969 43.1
1939 or Older 44.1

Types of Homes

TYPE OF Rockville Centre HOMES
Single-Family 57.5
Townhomes 1.3
Small Apt. Buildings 8.7
Apt. Complexes 32.4
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Rockville Centre HOMES
No Bedroom 4.98
1 Bedroom 18.14
2 Bedrooms 15.14
3 Bedrooms 31.19
4 Bedrooms 22.56
5 or more bedrooms 7.99

Rockville Centre Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
70.35% 3.18% 8 8
* 10 is highest