Redding, CT is a desirable place to live with the housing median value reaching an impressive $677,700. This is significantly higher than the US House Median Value of $338,100, and in comparison to the US 1 year House Appreciation rate of 8.27%, Redding has an even higher 1 year appreciation rate of 9.97%. The high house values and appreciating prices shows that Redding is an attractive area for people looking to buy or invest in real estate.
The median home cost in Redding is $677,700. Home appreciation the last 10 years has been 46.6%. Home Appreciation in Redding is up 15.3%.
Average Age of Homes
- The median age of Redding real estate is 47 years old
The Rental Market in Redding
- Renters make up 17.8% of the Redding population
- 2.4% of houses and apartments in Redding, 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.