Sprague, CT is an excellent place to invest in housing right now. The median value for housing in the area is $291,700, which is significantly lower than the US house median value of $338,100. Furthermore, the one year appreciation rate for houses in Sprague is 11.43%, which is higher than the US one year appreciation rate of 8.27%. This shows that investing in a home in Sprague could be a wise choice and yields a greater return over time.
The median home cost in Sprague is $291,700. Home appreciation the last 10 years has been 58.4%. Home Appreciation in Sprague is up 13.4%.
Average Age of Homes
- The median age of Sprague real estate is 67 years old
The Rental Market in Sprague
- Renters make up 29.6% of the Sprague population
- 2.6% of houses and apartments in Sprague, 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.