Broad Brook, CT is an attractive area for those looking to invest in a home. With the median value of homes at $306,700, it's slightly lower than the US House median value of $338,100. The 1 year house appreciation in Broad Brook is 9.34%, higher than the national average of 8.27%. This makes Broad Brook a great place to purchase a home due to the high potential for appreciation and relatively low cost for entry.
The median home cost in Broad Brook is $306,700. Home appreciation the last 10 years has been 44.2%. Home Appreciation in Broad Brook is up 14.1%.
Average Age of Homes
- The median age of Broad Brook real estate is 39 years old
The Rental Market in Broad Brook
- Renters make up 33.1% of the Broad Brook population
- 1.9% of houses and apartments in Broad Brook, 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.