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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 11,711 people, 4,496 houses or apartments, and a median cost of homes of $377,774, Plymouth real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Plymouth, accounting for 73.74% of the town's housing units. Other types of housing that are prevalent in Plymouth include duplexes, homes converted to apartments or other small apartment buildings ( 15.92%), large apartment complexes or high rise apartments ( 7.23%), and a few mobile homes or trailers ( 2.02%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Plymouth. Owner-occupied housing accounts for 76.34% of Plymouth's homes, and 64.75% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Plymouth 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 Plymouth built between 1940-1969 ( 30.96%). A lesser amount of the housing stock also hails from before 1939 ( 20.44%). There's also some housing in Plymouth built between 2000 and later ( 13.04%).
Vacant housing appears to be an issue in Plymouth. Fully 10.76% of the housing stock is classified as vacant. Left unchecked, vacant Plymouth homes and apartments can be a drag on the real estate market, holding Plymouth 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.
Real estate appreciation rates in Plymouth's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.88% during the period.
Appreciation rates are so strong in Plymouth that despite a nationwide downturn in the housing market, Plymouth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Plymouth appreciation rates continue to be some of the highest in America, at 9.06%, which is higher than appreciation rates in 81.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Plymouth. Plymouth appreciation rates in the latest quarter were at -0.51%, which equates to an annual appreciation rate of -2.02%.
Notably, Plymouth's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Connecticut, our data show that Plymouth's latest annual appreciation rate is higher than 50% of the other cities and towns in Connecticut.
$377,774
for Connecticut
for nation
4,496
$1,893 / per month