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 a population of 4,804, 2,263 total housing units (homes and apartments), and a median house value of $245,827, 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 61.51% 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 ( 27.48%), large apartment complexes or high rise apartments ( 7.11%), and a few mobile homes or trailers ( 2.98%).
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 58.41% owning and 41.59% renting.
The housing in Rockingham was primarily built before 1939 ( 54.36%), 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 1940-1969 ( 21.45%), followed by between 1970-1999 ( 19.23%). There's also some housing in Rockingham built between 2000 and later ( 4.97%).
Vacant housing appears to be an issue in Rockingham. Fully 13.49% 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.
Appreciation rates for homes in Rockingham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.31%, which ranks in the top 50% nationwide. This equates to an annual average Rockingham house appreciation rate of 6.53%.
NeighborhoodScout's data show that during the latest twelve months, Rockingham's appreciation rate, at 6.20%, has been at or slightly above the national average. In the latest quarter, Rockingham's appreciation rate has been 4.63%, which annualizes to a rate of 19.86%.
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 70% of the other cities and towns in Vermont.
$245,827
for Vermont
for nation
2,263
$1,771 / per month