Rockwood, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Rockwood Neighborhoods Since 2000




Rockwood, TN 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 5,425, 2,500 total housing units (homes and apartments), and a median house value of $81,861, house prices in Rockwood are some of the most affordable in Tennessee as well as the nation.

Single-family detached homes are the single most common housing type in Rockwood, accounting for 61.63% of the city's housing units. Other types of housing that are prevalent in Rockwood include large apartment complexes or high rise apartments ( 17.59%), duplexes, homes converted to apartments or other small apartment buildings ( 10.25%), and a few mobile homes or trailers ( 8.76%).

People in Rockwood primarily live in small (one, two or no bedroom) single-family detached homes. Rockwood has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Rockwood built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rockwood built between 1940-1969 ( 37.36%). A lesser amount of the housing stock also hails from before 1939 ( 18.04%). There's also some housing in Rockwood built between 2000 and later ( 7.10%).

Vacant housing appears to be an issue in Rockwood. Fully 13.43% 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

Rockwood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rockwood during the period has been just -1.11%, which is lower than 70% of US communities.

Appreciation rates are so strong in Rockwood that despite a nationwide downturn in the housing market, Rockwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rockwood appreciation rates continue to be some of the highest in America, at 5.91%, which is higher than appreciation rates in 73.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rockwood. Rockwood appreciation rates in the latest quarter were at 0.56%, which equates to an annual appreciation rate of 2.26%.

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

Average Home Values

 

Median Home Value:
$81,861

Rockwood, TN HOME PRICES

Value Range
> $1,018,000 1.2
$763,001 - $1,018,000 0.3
$509,001 - $763,000 0.8
$407,001 - $509,000 1.2
$305,001 - $407,000 1.8
$204,001 - $305,000 7.7
$102,001 - $204,000 28.7
$51,001 - $102,000 40.9
$0 - $51,000 17.3

Very Low for TN
Very Low for Nation

Value Relative to Nation Value Relative to State
89.306222899332 93.8775510204082

Number Of Homes And Apartments:
2,500

Rockwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
16.26% 0.88% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$602 / per month

Homeownership Rate

Homeownership
Owners 46.73
Renters 53.27
Vacant 13.43

Housing Market Details

 

Age of Homes

AGE OF Rockwood HOMES
2000 or Newer 7.1
1970 - 1999 37.5
1940 - 1969 37.4
1939 or Older 18.0

Types of Homes

TYPE OF Rockwood HOMES
Single-Family 61.6
Townhomes 1.8
Small Apt. Buildings 10.2
Apt. Complexes 17.6
Mobile Homes 8.8
Other 0.0

Home Size

SIZE OF Rockwood HOMES
No Bedroom 2.49
1 Bedroom 12.08
2 Bedrooms 39.34
3 Bedrooms 32.76
4 Bedrooms 9.83
5 or more bedrooms 3.50

Popular Neighborhoods in Rockwood

Zip Codes in Rockwood, TN