The housing market in New Britain, CT (06053) is looking very positive. The median value of a house in the area is $218,700 and has seen an appreciation rate of 9.34% over the last year, which is higher than the national average of 8.27%. This indicates that now is a great time to invest in the New Britain housing market as prices are still affordable yet are steadily increasing in value.
The median home cost in New Britain (zip 06053) is $218,700. Home appreciation the last 10 years has been 44.2%. Home Appreciation in New Britain (zip 06053) is up 14.1%.
Average Age of Homes
- The median age of New Britain (zip 06053) real estate is 61 years old
The Rental Market in New Britain (zip 06053)
- Renters make up 48.0% of the New Britain (zip 06053) population
- 4.2% of houses and apartments in New Britain (zip 06053), 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.