Zip 06416 (Cromwell, CT) Housing

In Cromwell, CT (06416), the median value of housing is $296,200 compared to the US average of $338,100. The appreciation rate for residential properties in Cromwell over the past year was 10.61%, higher than the national average of 8.27%. This indicates a strong and growing housing market in Cromwell that is outpacing the rest of the country.

The median home cost in Cromwell (zip 06416) is $296,200. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Cromwell (zip 06416) is up 13.4%.

Average Age of Homes

- The median age of Cromwell (zip 06416) real estate is 43 years old

The Rental Market in Cromwell (zip 06416)

- Renters make up 16.4% of the Cromwell (zip 06416) population
- 1.0% of houses and apartments in Cromwell (zip 06416), 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	Cromwell, Connecticut	United States
	6,053.0	139,647,020.0
	45	42
	$296,200	$338,100
	13.4%	16.6%
	44.1%	57.0%
	47.1%	101.1%
	$22.98	$10.98
	$5,730	$2,690
	73.9%	57.4%
	5.1%	11.2%
	20.9%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	2.4%	0.4%
	0.4%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	0.1%	2.4%
	0.2%	2.8%
	0.9%	3.9%
	1.1%	4.5%
	9.7%	11.3%
	21.8%	13.0%
	25.5%	20.1%
	20.9%	13.6%
	10.1%	8.3%
	7.7%	9.7%
	0.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.5%	13.6%
	7.5%	13.6%
	4.3%	13.6%
	21.7%	13.2%
	24.7%	14.8%
	4.3%	13.6%
	10.1%	10.0%
	7.9%	4.7%
	10.6%	12.2%

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