The housing market in the Torrington, CT Metro Area is doing very well compared to the rest of the country. The median value of a home in this area is $345,200, which is significantly higher than the US median house value of $338,100. Additionally, the one year appreciation rate for homes in this area has been an impressive 10.83%, compared to only 8.27% for all of the United States. This indicates that buying or selling a home in this region can be a highly lucrative option and that anyone interested in real estate should take into consideration this area as a potential place to invest money.
The median home cost in Torrington Metro Area is $345,200. Home appreciation the last 10 years has been 50.7%. Home Appreciation in Torrington Metro Area is up 13.5%.
Average Age of Homes
- The median age of Torrington Metro Area real estate is 51 years old
The Rental Market in Torrington Metro Area
- Renters make up 19.5% of the Torrington Metro Area population
- 1.2% of houses and apartments in Torrington Metro Area, 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.