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 5,284 people, 1,992 houses or apartments, and a median cost of homes of $322,889, Rockmart real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Rockmart, accounting for 83.71% of the city's housing units. Other types of housing that are prevalent in Rockmart include duplexes, homes converted to apartments or other small apartment buildings ( 7.79%), large apartment complexes or high rise apartments ( 6.32%), and a few row houses and other attached homes ( 2.18%).
The most prevalent building size and type in Rockmart are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.63% owning and 38.37% renting.
The housing in Rockmart was primarily built before 1939 ( 31.62%), making the housing stock in Rockmart some of the oldest overall in America, although there is a range of ages of homes in Rockmart. The next most important housing age is between 1940-1969 ( 25.21%), followed by between 1970-1999 ( 22.46%). There's also some housing in Rockmart built between 2000 and later ( 20.70%).
In the last 10 years, Rockmart has experienced some of the highest home appreciation rates of any community in the nation. Rockmart real estate appreciated 153.20% over the last ten years, which is an average annual home appreciation rate of 9.74%, putting Rockmart in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rockmart definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Rockmart that despite a nationwide downturn in the housing market, Rockmart real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rockmart appreciation rates continue to be some of the highest in America, at 5.13%, which is higher than appreciation rates in 75.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rockmart. Rockmart appreciation rates in the latest quarter were at 0.23%, which equates to an annual appreciation rate of 0.92%.
Relative to Georgia, our data show that Rockmart's latest annual appreciation rate is higher than 60% of the other cities and towns in Georgia.
$322,889
for Georgia
for nation
1,992
$1,528 / per month