Redding appreciation rates and housing market information

Redding housing market information

With a population of 8,270, 3,086 total housing units (homes and apartments), and a median house value of $804,608, Redding house prices are not only among the most expensive in Connecticut, Redding 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 Redding, accounting for 95.43% of the town's housing units. Other types of housing that are prevalent in Redding include row houses and other attached homes (1.88%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.85%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Redding. Owner-occupied housing accounts for 85.26% of Redding's homes, and 77.09% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Redding 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 Redding built from 1940-1969 (34.64%). A lesser amount of the housing stock also hails from 1939 and earlier (20.12%), and some were built from 1995 and later (20.12%).

Redding home appreciation rates

Appreciation rates for homes in Redding have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 86.56%, which ranks in the top 40% nationwide. This equates to an annual average Redding house appreciation rate of 8.65%.

Over the last year, Redding appreciation rates have trailed the rest of the nation. In the last twelve months, Redding's appreciation rate has been -5.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Redding were at 0.07%, which equates to an annual appreciation rate of 0.28%.

Relative to Connecticut, our data show that Redding's latest annual appreciation rate is higher than 39% of the other cities and towns in Connecticut.