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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Rockport HOMES|
|2000 or Newer||25.5|
|1970 - 1999||54.1|
|1940 - 1969||17.1|
|1939 or Older||3.4|
|TYPE OF Rockport HOMES|
|Small Apt. Buildings||5.8|
|SIZE OF Rockport HOMES|
|5 or more bedrooms||1.30|