Housing in Meriden, CT is quite desirable with a median value of $255,000. This is significantly lower than the US national average of $338,100. Additionally, house appreciation in Meriden has been higher than the national average over the past year at 10.61%, compared to 8.27% nationally. This makes Meriden an attractive location for potential buyers looking for a more affordable option with higher appreciation rates.
The median home cost in Meriden is $255,000. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Meriden is up 13.4%.
Average Age of Homes
- The median age of Meriden real estate is 61 years old
The Rental Market in Meriden
- Renters make up 34.0% of the Meriden population
- 2.5% of houses and apartments in Meriden, 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.