The housing market in 06770 Naugatuck, CT is strong. The median value of homes in Naugatuck is $258,500, making it much lower than the US median of $338,100. However, while the US house appreciation rate was 8.27% over the past year, in Naugatuck it was 11.76%, showing that home values are increasing rapidly here. Therefore those looking to buy a new home in this area will find that there are good opportunities to purchase a property at a relatively low cost with an expectation of potential future growth in value.
The median home cost in Naugatuck (zip 06770) is $258,500. Home appreciation the last 10 years has been 52.2%. Home Appreciation in Naugatuck (zip 06770) is up 13.4%.
Average Age of Homes
- The median age of Naugatuck (zip 06770) real estate is 51 years old
The Rental Market in Naugatuck (zip 06770)
- Renters make up 31.0% of the Naugatuck (zip 06770) population
- 0.9% of houses and apartments in Naugatuck (zip 06770), 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.