Weston appreciation rates and housing market information

Weston housing market information

With 10,037 people, 3,532 houses or apartments, and a median cost of homes of $1,316,600, Weston house prices are not only among the most expensive in Connecticut, Weston 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 Weston, accounting for 98.05% of the town's housing units. Other types of housing that are prevalent in Weston include and a few row houses and other attached homes (1.76%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Weston. Owner-occupied housing accounts for 87.37% of Weston's homes, and 69.71% 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. Weston's housing was primarily built during this period, from the '40s through the '60s. A full 48.84% of the town's housing hails from this era. Other housing ages represented in Weston include homes built between 1970-1994 (32.81%), and housing constructed from 1939 and earlier (10.88%). There's also some housing in Weston built between 1995 and later (7.47%).

Weston home appreciation rates

In the last 10 years, Weston has experienced some of the highest home appreciation rates of any community in the nation. Weston real estate appreciated 128.09% over the last ten years, which is an average annual home appreciation rate of 12.80%, putting Weston in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Weston definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Weston appreciation rates have trailed the rest of the nation. In the last twelve months, Weston's appreciation rate has been -0.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Weston were at -1.59%, which equates to an annual appreciation rate of -6.36%.

Relative to Connecticut, our data show that Weston's latest annual appreciation rate is higher than 70% of the other cities and towns in Connecticut.