Westbrook, CT is a great place to invest in housing. The median value of homes is $467,400, which is much higher than the US median of $338,100. This means that homeowners in Westbrook have seen good returns on their investments. In the past year, house appreciation has been around 10.61%, significantly more than the US average of 8.27%. This makes buying a home in Westbrook an attractive option for those looking for good long-term investments in real estate.
The median home cost in Westbrook is $467,400. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Westbrook is up 13.4%.
Average Age of Homes
- The median age of Westbrook real estate is 50 years old
The Rental Market in Westbrook
- Renters make up 15.8% of the Westbrook population
- 1.1% of houses and apartments in Westbrook, 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.