Rocky Point, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Rocky Point Neighborhoods Since 2000




Rocky Point, 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

Rocky Point Housing Market Information

With a population of 14,103, 4,646 total housing units (homes and apartments), and a median house value of $284,692, Rocky Point real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rocky Point, accounting for 90.99% of the town's housing units. Other types of housing that are prevalent in Rocky Point include duplexes, homes converted to apartments or other small apartment buildings ( 5.31%), large apartment complexes or high rise apartments ( 3.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rocky Point. Owner-occupied housing accounts for 85.70% of Rocky Point's homes, and 66.50% 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. Rocky Point's housing was primarily built during this period, from the '40s through the '60s. A full 44.97% of the town's housing hails from this era. Other housing ages represented in Rocky Point include homes built between 1970-1999 ( 37.51%) and housing constructed before 1939 ( 13.18%). There's also some housing in Rocky Point built between 2000 and later ( 4.34%).

Vacant housing appears to be an issue in Rocky Point. Fully 12.26% of the housing stock is classified as vacant. Left unchecked, vacant Rocky Point homes and apartments can be a drag on the real estate market, holding Rocky Point 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.

Rocky Point Home Appreciation Rates

Homes have actually lost value in Rocky Point over the last then years, as home values have seen a decline of 23.08% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Rocky Point home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Rocky Point appreciation rates have trailed the rest of the nation. In the last twelve months, Rocky Point's appreciation rate has been 1.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rocky Point were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Rocky Point's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$284,692

Rocky Point, NY HOME PRICES

Value Range
> $1,052,000 0.9
$788,001 - $1,052,000 0.3
$526,001 - $788,000 3.9
$421,001 - $526,000 7.7
$316,001 - $421,000 27.5
$210,001 - $316,000 40.5
$105,001 - $210,000 12.2
$52,001 - $105,000 3.4
$0 - $52,000 3.5

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
17.9538263213407 33.8945005611672

Number Of Homes And Apartments:
4,646

Rocky Point 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
55.89% 2.61% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,673 / per month

Homeownership Rate

Homeownership
Owners 85.70
Renters 14.30
Vacant 12.26

Housing Market Details

 

Age of Homes

AGE OF Rocky Point HOMES
2000 or Newer 4.3
1970 - 1999 37.5
1940 - 1969 45.0
1939 or Older 13.2

Types of Homes

TYPE OF Rocky Point HOMES
Single-Family 91.0
Townhomes 0.2
Small Apt. Buildings 5.3
Apt. Complexes 3.4
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Rocky Point HOMES
No Bedroom 1.11
1 Bedroom 10.56
2 Bedrooms 19.40
3 Bedrooms 41.89
4 Bedrooms 24.61
5 or more bedrooms 2.44