West Hartford appreciation rates and housing market information

West Hartford housing market information

With 63,589 people, 25,332 houses or apartments, and a median cost of homes of $343,700, real estate costs in West Hartford 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 West Hartford, accounting for 67.25% of the town's housing units. Other types of housing that are prevalent in West Hartford include large apartment complexes or high rise apartments (16.51%), duplexes, homes converted to apartments, or other small apartment buildings (13.17%), and a few row houses and other attached homes (3.00%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in West Hartford. Owner-occupied housing accounts for 69.71% of West Hartford's homes, and 56.77% 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. West Hartford's housing was primarily built during this period, from the '40s through the '60s. A full 57.30% of the town's housing hails from this era. Other housing ages represented in West Hartford include homes built between 1939 and earlier (28.09%), and housing constructed from 1970-1994 (13.93%). There's also some housing in West Hartford built between 1995 and later (.68%).

West Hartford home appreciation rates

Real estate appreciation rates in West Hartford have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 8.28% during the period.

Over the last year, West Hartford appreciation rates have trailed the rest of the nation. In the last twelve months, West Hartford's appreciation rate has been -0.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West Hartford were at -1.12%, which equates to an annual appreciation rate of -4.48%.

Relative to Connecticut, our data show that West Hartford's latest annual appreciation rate is higher than 66% 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 West Hartford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Hartford - 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 West Hartford real estate investment or home purchase decisions.