Griswold appreciation rates and housing market information
Griswold housing market information
With a population of 11,951, 4,646 total housing units (homes and apartments), and a median house value of $191,912, Griswold real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Griswold homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Griswold, accounting for 66.50% of the town's housing units. Other types of housing that are prevalent in Griswold include duplexes, homes converted to apartments or other small apartment buildings (16.64%), large apartment complexes or high rise apartments (9.75%), and a few row houses and other attached homes (3.85%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Griswold. Owner-occupied housing accounts for 73.74% of Griswold's homes, and 53.04% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Griswold built from 1970 to 1999 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 Griswold built between 1940-1969 (22.77%). A lesser amount of the housing stock also hails from before 1939 (20.94%). There's also some housing in Griswold built between 2000 and later (11.49%).
Griswold home appreciation rates
Appreciation rates for homes in Griswold have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 17.85%, which ranks in the top 50% nationwide. This equates to an annual average Griswold house appreciation rate of 1.66%.
Over the last year, Griswold appreciation rates have trailed the rest of the nation. In the last twelve months, Griswold's appreciation rate has been -0.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Griswold were at 0.26%, which equates to an annual appreciation rate of 1.05%.
Relative to Connecticut, our data show that Griswold's latest annual appreciation rate is lower than 80% of the other cities and towns in Connecticut.