Wallingford appreciation rates and housing market information

Wallingford housing market information

With a population of 43,026, 17,306 total housing units (homes and apartments), and a median house value of $336,900, real estate costs in Wallingford are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.

single-family detached homes are the single most common housing type in Wallingford, accounting for 62.01% of the town's housing units. Other types of housing that are prevalent in Wallingford include duplexes, homes converted to apartments, or other small apartment buildings (17.27%), large apartment complexes or high rise apartments (13.26%), row houses and other attached homes (5.92%), and a few mobile homes or trailers (1.52%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Wallingford. Owner-occupied housing accounts for 70.10% of Wallingford's homes, and 57.15% 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. Wallingford's housing was primarily built during this period, from the '40s through the '60s. A full 39.11% of the town's housing hails from this era. Other housing ages represented in Wallingford include homes built between 1970-1994 (36.26%), and housing constructed from 1939 and earlier (18.91%). There's also some housing in Wallingford built between 1995 and later (5.72%).

Wallingford home appreciation rates

Appreciation rates for homes in Wallingford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.56%, which ranks in the top 30% nationwide. This equates to an annual average Wallingford house appreciation rate of 10.05%.

Over the last year, Wallingford appreciation rates have trailed the rest of the nation. In the last twelve months, Wallingford's appreciation rate has been -2.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wallingford were at -1.82%, which equates to an annual appreciation rate of -7.28%.

Relative to Connecticut, our data show that Wallingford's latest annual appreciation rate is higher than 15% 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 Wallingford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wallingford - 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 Wallingford real estate investment or home purchase decisions.