Rockwood, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rockwood, PA Real Estate Data


Rockwood Housing Market Information

With a population of 854, 348 total housing units (homes and apartments), and a median house value of $115,970, 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 62.26% of the borough's housing units. Other types of housing that are prevalent in Rockwood include large apartment complexes or high rise apartments ( 19.23%), duplexes, homes converted to apartments or other small apartment buildings ( 10.82%), and a few mobile homes or trailers ( 6.49%).

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 59.53% owning and 40.47% renting.

The housing in Rockwood was primarily built before 1939 ( 55.53%), 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 ( 23.08%), followed by between 1970-1999 ( 17.07%). There's also some housing in Rockwood built between 2000 and later ( 4.33%).

Vacant housing appears to be an issue in Rockwood. Fully 16.35% 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 16.03%, which ranks in the top 30% nationwide. This equates to an annual average Rockwood house appreciation rate of 1.50%.

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 4.17%, 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 2.15%, which equates to an annual appreciation rate of 8.89%.

Relative to Pennsylvania, our data show that Rockwood's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$115,970

Rockwood, PA HOME PRICES

Value Range
> $1,084,000 0.6
$813,001 - $1,084,000 0.2
$542,001 - $813,000 0.9
$434,001 - $542,000 0.4
$325,001 - $434,000 4.1
$217,001 - $325,000 10.8
$108,001 - $217,000 30.8
$54,001 - $108,000 35.6
$0 - $54,000 16.5

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
68.6478889734731 67.3429951690821

Number Of Homes And Apartments:
348

Rent & Ownership

 

Average Market Rent:
$641 / per month

Homeownership Rate

Homeownership
Owners 59.53
Renters 40.47
Vacant 16.35

Housing Market Details

 

Age of Homes

AGE OF Rockwood HOMES
2000 or Newer 4.3
1970 - 1999 17.1
1940 - 1969 23.1
1939 or Older 55.5

Types of Homes

TYPE OF Rockwood HOMES
Single-Family 62.3
Townhomes 1.2
Small Apt. Buildings 10.8
Apt. Complexes 19.2
Mobile Homes 6.5
Other 0.0

Home Size

SIZE OF Rockwood HOMES
No Bedroom 1.44
1 Bedroom 20.43
2 Bedrooms 22.84
3 Bedrooms 41.83
4 Bedrooms 12.02
5 or more bedrooms 1.44

Rockwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
49.89% 2.41% 6 6
* 10 is highest

Popular Neighborhoods in Rockwood

Zip Codes in Rockwood, PA