Stonington, CT is a desirable area to live in due to the high housing median value of $468,900. This is significantly higher than the US house median value of $338,100 and reflects Stonington's standing as an affluent city. The 1 year house appreciation rate in Stonington is also impressive at 11.43%, higher than the national average of 8.27%. This level of appreciation indicates that the housing market in Stonington is strong and demand for properties is high. As such, anyone choosing to invest in property in this area can be confident that it will likely continue to have high value and good potential for returns on investment.
The median home cost in Stonington is $468,900. Home appreciation the last 10 years has been 58.4%. Home Appreciation in Stonington is up 13.4%.
Average Age of Homes
- The median age of Stonington real estate is 53 years old
The Rental Market in Stonington
- Renters make up 23.0% of the Stonington population
- 2.2% of houses and apartments in Stonington, 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.