Rockville Centre, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rockville Centre Neighborhoods Since 2000




Rockville Centre, NY 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

Rockville Centre Housing Market Information

With a population of 24,201, 9,087 total housing units (homes and apartments), and a median house value of $583,074, 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 57.64% of the village's housing units. Other types of housing that are prevalent in Rockville Centre include large apartment complexes or high rise apartments ( 30.82%), duplexes, homes converted to apartments or other small apartment buildings ( 10.41%), and a few row houses and other attached homes ( 1.10%).

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 68.79% of Rockville Centre's homes, and 51.96% have either three or four bedrooms, which is average sized relative to America.

The housing in Rockville Centre was primarily built before 1939 ( 45.99%), 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 ( 41.42%), followed by between 1970-1999 ( 9.57%). There's also some housing in Rockville Centre built between 2000 and later ( 3.02%).

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 -0.51% 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 1.89%, 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 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Rockville Centre's latest annual appreciation rate is lower than 50% 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:
$583,074

Rockville Centre, NY HOME PRICES

Value Range
> $1,089,000 8.3
$816,001 - $1,089,000 15.0
$544,001 - $816,000 41.5
$436,001 - $544,000 12.2
$327,001 - $436,000 7.3
$218,001 - $327,000 7.8
$109,001 - $218,000 5.6
$55,001 - $109,000 0.3
$0 - $55,000 2.1

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
4.18375717801477 11.8967452300786

Number Of Homes And Apartments:
9,087

Rockville Centre Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
65.65% 2.97% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,079 / per month

Homeownership Rate

Homeownership
Owners 68.79
Renters 31.21
Vacant 3.77

Housing Market Details

 

Age of Homes

AGE OF Rockville Centre HOMES
2000 or Newer 3.0
1970 - 1999 9.6
1940 - 1969 41.4
1939 or Older 46.0

Types of Homes

TYPE OF Rockville Centre HOMES
Single-Family 57.6
Townhomes 1.1
Small Apt. Buildings 10.4
Apt. Complexes 30.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Rockville Centre HOMES
No Bedroom 6.10
1 Bedroom 17.10
2 Bedrooms 16.16
3 Bedrooms 30.26
4 Bedrooms 21.71
5 or more bedrooms 8.67