Rockwood, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rockwood Neighborhoods Since 2000




Rockwood, PA 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

Rockwood Housing Market Information

With a population of 854, 351 total housing units (homes and apartments), and a median house value of $116,850, house prices in Rockwood are solidly below the national average.

Single-family detached homes are the single most common housing type in Rockwood, accounting for 65.54% of the borough's housing units. Other types of housing that are prevalent in Rockwood include large apartment complexes or high rise apartments ( 16.63%), duplexes, homes converted to apartments or other small apartment buildings ( 10.60%), and a few mobile homes or trailers ( 5.78%).

The most prevalent building size and type in Rockwood are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 62.00% owning and 38.00% renting.

The housing in Rockwood was primarily built before 1939 ( 51.81%), making the housing stock in Rockwood some of the oldest overall in America, although there is a range of ages of homes in Rockwood. The next most important housing age is between 1940-1969 ( 25.78%), followed by between 1970-1999 ( 18.07%). There's also some housing in Rockwood built between 2000 and later ( 4.34%).

Vacant housing appears to be an issue in Rockwood. Fully 15.42% of the housing stock is classified as vacant. Left unchecked, vacant Rockwood homes and apartments can be a drag on the real estate market, holding Rockwood 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.

Rockwood Home Appreciation Rates

Appreciation rates for homes in Rockwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.46%, which ranks in the top 30% nationwide. This equates to an annual average Rockwood house appreciation rate of 1.36%.

Over the last year, Rockwood appreciation rates have trailed the rest of the nation. In the last twelve months, Rockwood's appreciation rate has been 1.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rockwood were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

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

Average Home Values

 

Median Home Value:
$116,850

Rockwood, PA HOME PRICES

Value Range
> $1,034,000 0.4
$775,001 - $1,034,000 0.2
$517,001 - $775,000 0.9
$414,001 - $517,000 0.4
$310,001 - $414,000 6.8
$207,001 - $310,000 11.1
$103,001 - $207,000 31.8
$52,001 - $103,000 33.1
$0 - $52,000 15.1

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
67.2330950427751 64.2512077294686

Number Of Homes And Apartments:
351

Rockwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
49.24% 2.35% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$698 / per month

Homeownership Rate

Homeownership
Owners 62.00
Renters 38.00
Vacant 15.42

Housing Market Details

 

Age of Homes

AGE OF Rockwood HOMES
2000 or Newer 4.3
1970 - 1999 18.1
1940 - 1969 25.8
1939 or Older 51.8

Types of Homes

TYPE OF Rockwood HOMES
Single-Family 65.5
Townhomes 1.4
Small Apt. Buildings 10.6
Apt. Complexes 16.6
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Rockwood HOMES
No Bedroom 1.93
1 Bedroom 15.66
2 Bedrooms 24.58
3 Bedrooms 46.02
4 Bedrooms 10.84
5 or more bedrooms 0.96

Popular Neighborhoods in Rockwood

Zip Codes in Rockwood, PA