Avon appreciation rates and housing market information

Avon housing market information

With a population of 15,832, 6,480 total housing units (homes and apartments), and a median house value of $481,600, Avon house prices are not only among the most expensive in Connecticut, Avon real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Avon, accounting for 72.18% of the town's housing units. Other types of housing that are prevalent in Avon include row houses and other attached homes (9.69%), duplexes, homes converted to apartments, or other small apartment buildings (9.21%), and a few large apartment complexes or high rise apartments (8.81%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Avon. Owner-occupied housing accounts for 81.96% of Avon's homes, and 62.11% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Avon built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Avon built from 1940-1969 (31.05%). A lesser amount of the housing stock also hails from 1995 and later (9.85%), and some were built from 1939 and earlier (9.85%).

Avon home appreciation rates

Appreciation rates for homes in Avon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.30%, which ranks in the top 40% nationwide. This equates to an annual average Avon house appreciation rate of 9.43%.

Over the last year, Avon appreciation rates have trailed the rest of the nation. In the last twelve months, Avon's appreciation rate has been 0.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Avon were at -0.84%, which equates to an annual appreciation rate of -3.36%.

Relative to Connecticut, our data show that Avon's latest annual appreciation rate is higher than 94% of the other cities and towns in Connecticut.