West Haven appreciation rates and housing market information

West Haven housing market information

With a population of 52,360, 22,336 total housing units (homes and apartments), and a median house value of $250,000, West Haven real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, West Haven homes are still considered rather expensive.

single-family detached homes are the single most common housing type in West Haven, accounting for 47.12% of the town's housing units. Other types of housing that are prevalent in West Haven include large apartment complexes or high rise apartments (26.55%), duplexes, homes converted to apartments, or other small apartment buildings (21.68%), and a few row houses and other attached homes (4.45%).

People in West Haven primarily live in small (one, two, or no bedroom) single-family detached homes. West Haven has a mixture of owner-occupied and renter-occupied housing.

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 Haven's housing was primarily built during this period, from the '40s through the '60s. A full 48.09% of the town's housing hails from this era. Other housing ages represented in West Haven include homes built between 1939 and earlier (25.52%), and housing constructed from 1970-1994 (24.86%). There's also some housing in West Haven built between 1995 and later (1.53%).

West Haven home appreciation rates

Real estate appreciation rates in West Haven have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 8.61% during the period.

Over the last year, West Haven appreciation rates have trailed the rest of the nation. In the last twelve months, West Haven's appreciation rate has been -4.32%, 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 Haven were at -2.18%, which equates to an annual appreciation rate of -8.72%.

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

Relative to Connecticut, our data show that West Haven's latest annual appreciation rate is higher than 3% 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 Haven differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Haven - 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 Haven real estate investment or home purchase decisions.