Rockport, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Rockport Neighborhoods Since 2000




Rockport, TX 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

Rockport Housing Market Information

With 10,490 people, 3,813 houses or apartments, and a median cost of homes of $183,947, Rockport real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rockport, accounting for 61.19% of the city's housing units. Other types of housing that are prevalent in Rockport include large apartment complexes or high rise apartments ( 17.58%), mobile homes or trailers ( 11.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.79%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rockport. Owner-occupied housing accounts for 67.00% of Rockport's homes, and 50.64% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rockport 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 Rockport built between 2000 and later ( 25.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.07%). There's also some housing in Rockport built before 1939 ( 3.42%).

Vacant housing appears to be an issue in Rockport. Fully 39.38% of the housing stock is classified as vacant. Left unchecked, vacant Rockport homes and apartments can be a drag on the real estate market, holding Rockport 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.

Rockport Home Appreciation Rates

In the last 10 years, Rockport has experienced some of the highest home appreciation rates of any community in the nation. Rockport real estate appreciated 26.14% over the last ten years, which is an average annual home appreciation rate of 2.35%, putting Rockport in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rockport definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Rockport appreciation rates have trailed the rest of the nation. In the last twelve months, Rockport's appreciation rate has been -0.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rockport were at -4.66%, which equates to an annual appreciation rate of -17.38%.

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

Relative to Texas, our data show that Rockport's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$183,947

Rockport, TX HOME PRICES

Value Range
> $1,138,000 0.7
$854,001 - $1,138,000 1.5
$569,001 - $854,000 3.6
$455,001 - $569,000 2.7
$341,001 - $455,000 12.0
$228,001 - $341,000 14.7
$114,001 - $228,000 27.7
$57,001 - $114,000 19.8
$0 - $57,000 17.4

High for TX
High for Nation

Value Relative to Nation Value Relative to State
36.757295206844 21.2062256809339

Number Of Homes And Apartments:
3,813

Rockport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
98.60% 4.06% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,005 / per month

Homeownership Rate

Homeownership
Owners 67.00
Renters 33.00
Vacant 39.38

Housing Market Details

 

Age of Homes

AGE OF Rockport HOMES
2000 or Newer 25.5
1970 - 1999 54.1
1940 - 1969 17.1
1939 or Older 3.4

Types of Homes

TYPE OF Rockport HOMES
Single-Family 61.2
Townhomes 2.3
Small Apt. Buildings 5.8
Apt. Complexes 17.6
Mobile Homes 11.9
Other 1.3

Home Size

SIZE OF Rockport HOMES
No Bedroom 2.50
1 Bedroom 16.47
2 Bedrooms 29.09
3 Bedrooms 39.89
4 Bedrooms 10.75
5 or more bedrooms 1.30

Zip Codes in Rockport, TX