Zip 06016 (Broad Brook, CT) Housing

The housing in 06016 Broad Brook, CT is quite impressive, with a median value of $317,300. This is slightly lower than the US median of $338,100 but what makes it impressive is that the 1 year appreciation rate for homes in this area is 9.34%, which is higher than the US average of 8.27%. This means that in the last year, housing values have increased significantly here and investors should take note of this positive trend. All in all, Broad Brook is a great place to invest in real estate.

The median home cost in Broad Brook (zip 06016) is $317,300. Home appreciation the last 10 years has been 44.2%. Home Appreciation in Broad Brook (zip 06016) is up 14.1%.

Average Age of Homes

- The median age of Broad Brook (zip 06016) real estate is 37 years old

The Rental Market in Broad Brook (zip 06016)

- Renters make up 31.2% of the Broad Brook (zip 06016) population
- 1.0% of houses and apartments in Broad Brook (zip 06016), 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	Broad Brook, Connecticut	United States
	2,870.0	139,647,020.0
	38	42
	$317,300	$338,100
	14.1%	16.6%
	42.1%	57.0%
	44.2%	101.1%
	$19.08	$10.98
	$5,241	$2,690
	70.2%	57.4%
	4.9%	11.2%
	24.9%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	3.9%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	9.4%	11.3%
	13.2%	13.0%
	36.5%	20.1%
	31.2%	13.6%
	5.8%	8.3%
	3.5%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	2.4%	0.2%
	23.8%	13.6%
	23.8%	13.6%
	11.6%	13.6%
	9.5%	13.2%
	11.4%	14.8%
	11.6%	13.6%
	12.9%	10.0%
	1.4%	4.7%
	8.2%	12.2%

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