East Lyme, CT Housing

The housing market in East Lyme, CT is quite robust. The median value of homes is $452,200 which is well above the US House Median Value of $338,100. This shows that the real estate market in East Lyme is strong and resilient. What's more, the 1-year house appreciation rate in East Lyme has been higher than the US average at 11.43%, compared to 8.27%. This indicates that the housing prices in East Lyme have been steadily increasing for a while now and show no sign of slowing down any time soon. With such a strong housing market and high appreciation rate, it's easy to see why many people are choosing to purchase property in East Lyme, CT.

The median home cost in East Lyme is $452,200. Home appreciation the last 10 years has been 58.4%. Home Appreciation in East Lyme is up 13.4%.

Average Age of Homes

- The median age of East Lyme real estate is 46 years old

The Rental Market in East Lyme

- Renters make up 17.5% of the East Lyme population
- 0.4% of houses and apartments in East Lyme, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	East Lyme, Connecticut	United States
	8,691.0	139,647,020.0
	51	42
	$452,200	$338,100
	13.4%	16.6%
	51.2%	57.0%
	58.4%	101.1%
	$17.35	$10.98
	$5,750	$2,690
	63.5%	57.4%
	12.9%	11.2%
	23.6%	31.4%
Vacant Housing
	0.4%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	9.9%	3.6%
	2.3%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	1.1%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.1%	4.5%
	2.6%	11.3%
	4.6%	13.0%
	31.9%	20.1%
	29.8%	13.6%
	13.1%	8.3%
	13.0%	9.7%
	2.1%	3.9%
	1.0%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	11.0%	13.6%
	11.0%	13.6%
	8.1%	13.6%
	9.2%	13.2%
	12.5%	14.8%
	8.1%	13.6%
	13.6%	10.0%
	3.5%	4.7%
	16.4%	12.2%