The housing market in 06498 Westbrook, CT is growing at a faster rate than the national average. The median value of homes in Westbrook is $451,700, compared to a US house median of $338,100. This means that home values in Westbrook are 34% higher than the national average. Over the past year, home values in Westbrook have appreciated by 10.61%, while the US 1 year house appreciation rate was 8.27%. This indicates that homes in Westbrook appreciate faster than the rest of the country and may be an attractive option for those looking to invest in real estate.
The median home cost in Westbrook (zip 06498) is $451,700. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Westbrook (zip 06498) is up 13.4%.
Average Age of Homes
- The median age of Westbrook (zip 06498) real estate is 50 years old
The Rental Market in Westbrook (zip 06498)
- Renters make up 16.2% of the Westbrook (zip 06498) population
- 1.1% of houses and apartments in Westbrook (zip 06498), 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.