New Haven, CT is a city with an incredibly robust housing market. The median value of homes in the area is about $251,400, which is significantly lower than the median value of homes across the country at $338,100. Despite this lower median value, however, appreciation over the past year has been higher in New Haven than anywhere else in the US at 13.84%, compared to 8.27% nationally. This indicates that New Haven's housing market is on the rise and could be a great investment for those looking to buy into a growing market.
The median home cost in New Haven is $251,400. Home appreciation the last 10 years has been 54.1%. Home Appreciation in New Haven is up 14.8%.
Average Age of Homes
- The median age of New Haven real estate is 77 years old
The Rental Market in New Haven
- Renters make up 61.6% of the New Haven population
- 4.2% of houses and apartments in New Haven, 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.