The housing market in Old Saybrook, CT (06475) is doing well compared to the US average. The median value of homes in Old Saybrook is $503,400 which is much higher than the US median house value of $338,100. Furthermore, the appreciation rate for homes in the area has been above 10%, while the national average appreciation rate for homes has been just 8.27%. This shows that home values in Old Saybrook are increasing at a faster rate than the national average and that the housing market in Old Saybrook is stable and strong.
The median home cost in Old Saybrook (zip 06475) is $503,400. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Old Saybrook (zip 06475) is up 13.4%.
Average Age of Homes
- The median age of Old Saybrook (zip 06475) real estate is 54 years old
The Rental Market in Old Saybrook (zip 06475)
- Renters make up 11.6% of the Old Saybrook (zip 06475) population
- 0.7% of houses and apartments in Old Saybrook (zip 06475), 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.