The housing market in Cheshire, CT has been booming recently with the median value of a house being $408,000, significantly higher than the US median value of $338,100. The one-year appreciation of houses in Cheshire has been 10.61%, which is higher than the national average of 8.27%. This suggests that Cheshire is becoming an increasingly desirable place to live and buy property in. With the strong appreciation rate and high median prices for homes, it seems that investing in real estate in this area will be a wise decision for those looking to make a substantial return on their investment.
The median home cost in Cheshire is $408,000. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Cheshire is up 13.4%.
Average Age of Homes
- The median age of Cheshire real estate is 49 years old
The Rental Market in Cheshire
- Renters make up 11.5% of the Cheshire population
- 0.9% of houses and apartments in Cheshire, 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.