Zip 06371 (Old Lyme, CT) Housing

The housing market in 06371 Old Lyme, CT is performing well above the national average. The median value of a house in the area is $499,700, which is significantly higher than the US median value of $338,100. Furthermore, the appreciation rate for homes in Old Lyme over the past year has been 11.43%, whereas the US appreciation rate over the same period was 8.27%. This indicates that housing prices are on an upward trajectory for this city and may continue to rise over time.

The median home cost in Old Lyme (zip 06371) is $499,700. Home appreciation the last 10 years has been 58.4%. Home Appreciation in Old Lyme (zip 06371) is up 13.4%.

Average Age of Homes

- The median age of Old Lyme (zip 06371) real estate is 53 years old

The Rental Market in Old Lyme (zip 06371)

- Renters make up 12.7% of the Old Lyme (zip 06371) population
- 0.4% of houses and apartments in Old Lyme (zip 06371), 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	Old Lyme, Connecticut	United States
	5,712.0	139,647,020.0
	57	42
	$499,700	$338,100
	13.4%	16.6%
	51.2%	57.0%
	58.4%	101.1%
	$14.79	$10.98
	$6,219	$2,690
	59.1%	57.4%
	29.7%	11.2%
	11.3%	31.4%
Vacant Housing
	0.4%	1.9%
	1.0%	0.4%
	0.5%	0.7%
	0.5%	0.4%
	22.6%	3.6%
	4.7%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.3%	2.4%
	0.4%	2.8%
	0.4%	3.9%
	0.8%	4.5%
	1.6%	11.3%
	2.8%	13.0%
	11.0%	20.1%
	28.0%	13.6%
	20.2%	8.3%
	19.8%	9.7%
	6.5%	3.9%
	3.5%	2.2%
	1.4%	0.8%
	2.8%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	7.2%	13.6%
	7.2%	13.6%
	10.4%	13.6%
	10.8%	13.2%
	13.4%	14.8%
	10.4%	13.6%
	12.7%	10.0%
	7.6%	4.7%
	25.8%	12.2%

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