Connecticut State is known for its high housing prices, with the median value of a house being $362,100. This is significantly higher than the US median house value of $338,100. Connecticut is also experiencing a higher rate of house appreciation, with 9.33% in the last year compared to 8.27% in the US as a whole. These figures demonstrate that Connecticut remains an attractive choice for those looking to invest in housing, given its relatively strong appreciation potential.
The median home cost in Connecticut is $362,100. Home appreciation the last 10 years has been 47.9%. Home Appreciation in Connecticut is up 13.8%.
Average Age of Homes
- The median age of Connecticut real estate is 53 years old
The Rental Market in Connecticut
- Renters make up 29.7% of the Connecticut population
- 1.7% of houses and apartments in Connecticut, 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.