ROCKLAND HOUSING MARKET INFORMATION With a population of 7,031, 3,386 total housing units (homes and apartments), and a median house value of $411,376, Rockland real estate prices are well above average cost compared to national prices. Single-family detached homes are the single most common housing type in Rockland, accounting for 53.84% of the city's housing units. Other types of housing that are prevalent in Rockland include duplexes, homes converted to apartments or other small apartment buildings ( 20.97%), large apartment complexes or high rise apartments ( 15.22%), and a few mobile homes or trailers ( 5.79%). People in Rockland primarily live in small (one, two or no bedroom) single-family detached homes. Rockland has a mixture of owner-occupied and renter-occupied housing. The housing in Rockland was primarily built before 1939 ( 42.79%), making the housing stock in Rockland some of the oldest overall in America, although there is a range of ages of homes in Rockland. The next most important housing age is between 1970-1999 ( 26.96%), followed by between 1940-1969 ( 19.81%). There's also some housing in Rockland built between 2000 and later ( 10.43%). Vacant housing appears to be an issue in Rockland. Fully 16.87% of the housing stock is classified as vacant. Left unchecked, vacant Rockland homes and apartments can be a drag on the real estate market, holding Rockland 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. ROCKLAND HOME APPRECIATION RATES In the last 10 years, Rockland has experienced some of the highest home appreciation rates of any community in the nation. Rockland real estate appreciated 187.76% over the last ten years, which is an average annual home appreciation rate of 11.15%, putting Rockland in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rockland 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 Rockland that despite a nationwide downturn in the housing market, Rockland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rockland appreciation rates continue to be some of the highest in America, at 11.46%, which is higher than appreciation rates in 93.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rockland. Rockland appreciation rates in the latest quarter were at 4.32%, which equates to an annual appreciation rate of 18.41%. Importantly, this makes Rockland one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength. Relative to Maine, our data show that Rockland's latest annual appreciation rate is higher than 60% of the other cities and towns in Maine.