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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hamden, CT Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hamden, CT Housing Market Trends

With a population of 60,809, 22,403 total housing units (homes and apartments), and a median house value of $352,851, Hamden real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hamden, accounting for 55.88% of the town's housing units. Other types of housing that are prevalent in Hamden include large apartment complexes or high rise apartments ( 25.79%), duplexes, homes converted to apartments or other small apartment buildings ( 13.30%), and a few row houses and other attached homes ( 4.99%).

The most prevalent building size and type in Hamden are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.37% owning and 43.63% renting.

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. Hamden's housing was primarily built during this period, from the '40s through the '60s. A full 40.54% of the town's housing hails from this era. Other housing ages represented in Hamden include homes built between 1970-1999 ( 33.55%) and housing constructed before 1939 ( 16.92%). There's also some housing in Hamden built between 2000 and later ( 9.00%).

Vacant housing appears to be an issue in Hamden. Fully 10.47% of the housing stock is classified as vacant. Left unchecked, vacant Hamden homes and apartments can be a drag on the real estate market, holding Hamden real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Hamden Home Appreciation Rates

Hamden's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hamden during the period has been just 4.55%, which is lower than 80% of US communities.

Appreciation rates are so strong in Hamden that despite a nationwide downturn in the housing market, Hamden real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hamden appreciation rates continue to be some of the highest in America, at 9.65%, which is higher than appreciation rates in 94.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hamden. Hamden appreciation rates in the latest quarter were at 4.84%, which equates to an annual appreciation rate of 20.82%.

Importantly, this makes Hamden one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Connecticut, our data show that Hamden's latest annual appreciation rate is higher than 70% 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 Hamden differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hamden - 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 2000, to assist you in making the best Hamden real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$352,851

Hamden, CT Home Prices
> $1,481,000
$1,111,001 - $1,481,000
$740,001 - $1,111,000
$593,001 - $740,000
$445,001 - $593,000
$296,001 - $445,000
$148,001 - $296,000
$74,001 - $148,000
$0 - $74,000
0.5%
0.5%
1.1%
1.1%
3.9%
3.9%
4.1%
4.1%
16.2%
16.2%
37.1%
37.1%
31.9%
31.9%
2.4%
2.4%
2.7%
2.7%
0% 100.0%
% of Homes
Low

for Connecticut

High

for nation

Number of Homes And Apartments:

22,403

Hamden Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,791 / per month

Homeownership Rate

Owners
Renters
Vacant
56.4%
56.4%
43.6%
43.6%
10.5%
10.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.0%
9.0%
33.5%
33.5%
40.5%
40.5%
16.9%
16.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.9%
55.9%
5.0%
5.0%
13.3%
13.3%
25.8%
25.8%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
15.3%
15.3%
28.2%
28.2%
37.2%
37.2%
14.6%
14.6%
2.7%
2.7%
0% 100.0%
% of Homes