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 a population of 5,118, 2,191 total housing units (homes and apartments), and a median house value of $123,902, house prices in Rockingham are solidly below the national average.
Single-family detached homes are the single most common housing type in Rockingham, accounting for 50.72% of the town's housing units. Other types of housing that are prevalent in Rockingham include duplexes, homes converted to apartments or other small apartment buildings ( 34.19%), large apartment complexes or high rise apartments ( 7.14%), and a few mobile homes or trailers ( 7.06%).
The most prevalent building size and type in Rockingham are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.73% owning and 40.27% renting.
The housing in Rockingham was primarily built before 1939 ( 57.39%), making the housing stock in Rockingham some of the oldest overall in America, although there is a range of ages of homes in Rockingham. The next most important housing age is between 1970-1999 ( 19.40%), followed by between 1940-1969 ( 18.47%). There's also some housing in Rockingham built between 2000 and later ( 4.73%).
Vacant housing appears to be an issue in Rockingham. Fully 14.98% of the housing stock is classified as vacant. Left unchecked, vacant Rockingham homes and apartments can be a drag on the real estate market, holding Rockingham 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.
Rockingham's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rockingham during the period has been just -2.05%, which is lower than 80% of US communities.
Over the last year, Rockingham appreciation rates have trailed the rest of the nation. In the last twelve months, Rockingham's appreciation rate has been -2.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rockingham were at 2.55%, which equates to an annual appreciation rate of 10.60%.
Importantly, this makes Rockingham one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Vermont, our data show that Rockingham's latest annual appreciation rate is lower than 90% of the other cities and towns in Vermont.
|$687,001 - $916,000||0.7|
|$458,001 - $687,000||0.7|
|$366,001 - $458,000||0.2|
|$275,001 - $366,000||5.1|
|$183,001 - $275,000||18.1|
|$92,001 - $183,000||52.3|
|$46,001 - $92,000||17.7|
|$0 - $46,000||4.3|
|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 Rockingham HOMES|
|2000 or Newer||4.7|
|1970 - 1999||19.4|
|1940 - 1969||18.5|
|1939 or Older||57.4|
|TYPE OF Rockingham HOMES|
|Small Apt. Buildings||34.2|
|SIZE OF Rockingham HOMES|
|5 or more bedrooms||2.76|