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 about Scout's Real Estate Data
With 1,994 people, 973 houses or apartments, and a median cost of homes of $196,756, house prices in Rockport are solidly below the national average.
Single-family detached homes are the single most common housing type in Rockport, accounting for 63.01% of the city's housing units. Other types of housing that are prevalent in Rockport include duplexes, homes converted to apartments or other small apartment buildings ( 16.34%), large apartment complexes or high rise apartments ( 13.88%), and a few mobile homes or trailers ( 5.62%).
People in Rockport primarily live in small (one, two or no bedroom) single-family detached homes. Rockport has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rockport's housing was primarily built during this period, from the '40s through the '60s. A full 40.42% of the city's housing hails from this era. Other housing ages represented in Rockport include homes built between 1970-1999 ( 36.12%) and housing constructed before 1939 ( 15.47%). There's also some housing in Rockport built between 2000 and later ( 8.00%).
Vacant housing appears to be an issue in Rockport. Fully 14.50% 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.
Appreciation rates for homes in Rockport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.83%, which ranks in the top 30% nationwide. This equates to an annual average Rockport house appreciation rate of 7.64%.
NeighborhoodScout's data show that during the latest twelve months, Rockport's appreciation rate, at 6.44%, has been at or slightly above the national average. In the latest quarter, Rockport's appreciation rate has been 1.91%, which annualizes to a rate of 7.88%.
Relative to Indiana, our data show that Rockport's latest annual appreciation rate is higher than 50% of the other cities and towns in Indiana.
$196,756
for Indiana
for nation
973
$1,208 / per month