Newington, CT is a great place to live with its high median housing value of $278,700. This value is considerably lower than the US median house value of $338,100, making it an attractive option for many families and individuals looking for a place to settle down. In addition, the house appreciation rate in Newington over the past year was a significant 10.23%, which is higher than the US rate of 8.27%. All these factors make Newington an ideal location for people looking for a safe and affordable home.
The median home cost in Newington is $278,700. Home appreciation the last 10 years has been 41.7%. Home Appreciation in Newington is up 11.5%.
Average Age of Homes
- The median age of Newington real estate is 50 years old
The Rental Market in Newington
- Renters make up 17.2% of the Newington population
- 1.3% of houses and apartments in Newington, 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.