Trumbull appreciation rates and housing market information

Trumbull housing market information

With a population of 34,243, 12,160 total housing units (homes and apartments), and a median house value of $541,100, Trumbull house prices are not only among the most expensive in Connecticut, Trumbull 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 Trumbull, accounting for 90.24% of the town's housing units. Other types of housing that are prevalent in Trumbull include large apartment complexes or high rise apartments (4.51%), duplexes, homes converted to apartments, or other small apartment buildings (2.66%), and a few row houses and other attached homes (2.60%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Trumbull. Owner-occupied housing accounts for 89.06% of Trumbull's homes, and 77.14% 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. Trumbull's housing was primarily built during this period, from the '40s through the '60s. A full 54.22% of the town's housing hails from this era. Other housing ages represented in Trumbull include homes built between 1970-1994 (30.36%), and housing constructed from 1939 and earlier (9.62%). There's also some housing in Trumbull built between 1995 and later (5.80%).

Trumbull home appreciation rates

Appreciation rates for homes in Trumbull have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.08%, which ranks in the top 30% nationwide. This equates to an annual average Trumbull house appreciation rate of 9.90%.

Over the last year, Trumbull appreciation rates have trailed the rest of the nation. In the last twelve months, Trumbull's appreciation rate has been -3.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Trumbull were at -2.32%, which equates to an annual appreciation rate of -9.28%.

Notably, Trumbull's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Trumbull's latest annual appreciation rate is higher than 8% 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 Trumbull differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Trumbull - 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 Trumbull real estate investment or home purchase decisions.