The housing market in 06516 West Haven, CT is doing surprisingly well despite the current market conditions. The median home value in this area is $267,500, which is significantly lower than the US median of $338,100. However, the one-year house appreciation rate for this area is 13.84%, which is higher than the US average of 8.27%. This indicates that the value of homes in this area has been increasing steadily and quickly over the past year. While there may be some uncertainty as to how long this trend will last, it seems clear that 06516 West Haven, CT offers a great opportunity for homeowners or potential buyers looking to invest in real estate.
The median home cost in West Haven (zip 06516) is $267,500. Home appreciation the last 10 years has been 54.1%. Home Appreciation in West Haven (zip 06516) is up 14.8%.
Average Age of Homes
- The median age of West Haven (zip 06516) real estate is 60 years old
The Rental Market in West Haven (zip 06516)
- Renters make up 41.9% of the West Haven (zip 06516) population
- 1.5% of houses and apartments in West Haven (zip 06516), 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.