Darien appreciation rates and housing market information

Darien housing market information

With 19,607 people, 6,792 houses or apartments, and a median cost of homes of $1,417,647, Darien house prices are not only among the most expensive in Connecticut, Darien 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 Darien, accounting for 91.48% of the town's housing units. Other types of housing that are prevalent in Darien include large apartment complexes or high rise apartments (3.14%), row houses and other attached homes (2.69%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.61%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Darien. Owner-occupied housing accounts for 85.39% of Darien's homes, and 66.87% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Darien's housing was primarily built during this period, from the '40s through the '60s. A full 50.26% of the town's housing hails from this era. Other housing ages represented in Darien include homes built between 1939 and earlier (31.10%), and housing constructed from 1970-1994 (15.00%). There's also some housing in Darien built between 1995 and later (3.64%).

Darien home appreciation rates

In the last 10 years, Darien has experienced some of the highest home appreciation rates of any community in the nation. Darien real estate appreciated 126.08% over the last ten years, which is an average annual home appreciation rate of 12.60%, putting Darien in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Darien definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Darien appreciation rates have trailed the rest of the nation. In the last twelve months, Darien's appreciation rate has been -1.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Darien were at 1.06%, which equates to an annual appreciation rate of 4.24%.

Relative to Connecticut, our data show that Darien's latest annual appreciation rate is higher than 98% of the other cities and towns in Connecticut.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Darien differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Darien - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Darien real estate investment or home purchase decisions.