The housing market in Cromwell, CT has been performing exceptionally well over the past year, with the median value increasing by 10.61% compared to the US House median value which increased by 8.27%. The median house value in Cromwell is currently $293,200, which is significantly lower than the US median of $338,100. This makes Cromwell an attractive option for those who are looking to purchase a home and benefit from a low entry point into the housing market.
The median home cost in Cromwell is $293,200. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Cromwell is up 13.4%.
Average Age of Homes
- The median age of Cromwell real estate is 43 years old
The Rental Market in Cromwell
- Renters make up 16.4% of the Cromwell population
- 1.0% of houses and apartments in Cromwell, 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.