New Milford, CT is an attractive place to buy a home due to its high median value of $374,900, which is higher than the US House Median Value of $338,100. Furthermore, the one-year appreciation rate for housing in New Milford is 11.76%, significantly higher than the national average of 8.27%. This illustrates the potential for growth when investing in real estate in New Milford and offers an excellent opportunity for potential homeowners.
The median home cost in New Milford is $374,900. Home appreciation the last 10 years has been 52.2%. Home Appreciation in New Milford is up 13.4%.
Average Age of Homes
- The median age of New Milford real estate is 43 years old
The Rental Market in New Milford
- Renters make up 18.9% of the New Milford population
- 1.4% of houses and apartments in New Milford, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.