Avon, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Avon, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Avon Housing Market Information

With a population of 18,352, 6,970 total housing units (homes and apartments), and a median house value of $356,674, real estate costs in Avon 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 Avon, accounting for 73.66% of the town's housing units. Other types of housing that are prevalent in Avon include row houses and other attached homes ( 12.52%), large apartment complexes or high rise apartments ( 8.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Avon. Owner-occupied housing accounts for 83.83% of Avon's homes, and 60.53% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Avon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Avon built between 1940-1969 ( 27.06%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.75%). There's also some housing in Avon built before 1939 ( 6.08%).

Avon Home Appreciation Rates

Homes have actually lost value in Avon over the last then years, as home values have seen a decline of 14.98% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Avon home appreciation rates at -1.36%, which equates to an annual appreciation rate of -5.33%.

Over the last year, Avon appreciation rates have trailed the rest of the nation. In the last twelve months, Avon's appreciation rate has been -3.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Avon were at -1.36%, which equates to an annual appreciation rate of -5.33%.

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

Relative to Connecticut, our data show that Avon's latest annual appreciation rate is lower than 90% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$356,674

Avon, CT HOME PRICES

Value Range
> $972,000 5.1
$730,001 - $972,000 6.3
$486,001 - $730,000 15.8
$389,001 - $486,000 17.4
$292,001 - $389,000 24.4
$195,001 - $292,000 21.3
$97,001 - $195,000 6.0
$48,001 - $97,000 1.5
$0 - $48,000 2.2

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
13.9620437956204 26.6272189349112

Number Of Homes And Apartments:
6,970

Avon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
17.02% 0.82%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,975 / per month

Homeownership Rate

Homeownership
Owners 83.83
Renters 16.17
Vacant 5.26

Housing Market Details

 

Age of Homes

AGE OF Avon HOMES
2000 or Newer 14.7
1970 - 1999 52.1
1940 - 1969 27.1
1939 or Older 6.1

Types of Homes

TYPE OF Avon HOMES
Single-Family 73.7
Townhomes 12.5
Small Apt. Buildings 5.0
Apt. Complexes 8.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Avon HOMES
No Bedroom 0.58
1 Bedroom 6.33
2 Bedrooms 17.55
3 Bedrooms 29.40
4 Bedrooms 31.13
5 or more bedrooms 15.01