Bristol appreciation rates and housing market information
Bristol housing market information
With a population of 22,900, 8,511 total housing units (homes and apartments), and a median house value of $296,440, real estate costs in Bristol are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Rhode Island communities.
Single-family detached homes are the single most common housing type in Bristol, accounting for 62.13% of the town's housing units. Other types of housing that are prevalent in Bristol include duplexes, homes converted to apartments or other small apartment buildings (22.98%), large apartment complexes or high rise apartments (12.22%), and a few row houses and other attached homes (2.67%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bristol. Owner-occupied housing accounts for 67.18% of Bristol's homes, and 53.53% have either three or four bedrooms, which is average sized relative to America.
The housing in Bristol was primarily built before 1939 (33.86%), making the housing stock in Bristol some of the oldest overall in America, although there is a range of ages of homes in Bristol. The next most important housing age is between 1940-1969 (29.52%), followed by between 1970-1999 (29.51%). There's also some housing in Bristol built between 2000 and later (7.12%).
Bristol home appreciation rates
Appreciation rates for homes in Bristol have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 26.49%, which ranks in the top 30% nationwide. This equates to an annual average Bristol house appreciation rate of 2.38%.
NeighborhoodScout's data show that during the latest twelve months, Bristol's appreciation rate, at 2.93%, has been at or slightly above the national average. In the latest quarter, Bristol's appreciation rate has been 0.13%, which annualizes to a rate of 0.53%.
Relative to Rhode Island, our data show that Bristol's latest annual appreciation rate is higher than 80% of the other cities and towns in Rhode Island.