Bethel CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Bethel, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Bethel Housing Market Information

With 19,714 people, 7,271 houses or apartments, and a median cost of homes of $375,838, real estate costs in Bethel 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 Bethel, accounting for 66.70% of the town's housing units. Other types of housing that are prevalent in Bethel include large apartment complexes or high rise apartments ( 13.29%), duplexes, homes converted to apartments or other small apartment buildings ( 11.26%), and a few row houses and other attached homes ( 8.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bethel. Owner-occupied housing accounts for 77.31% of Bethel's homes, and 66.00% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bethel 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 Bethel built between 1940-1969 ( 30.83%). A lesser amount of the housing stock also hails from before 1939 ( 16.65%). There's also some housing in Bethel built between 2000 and later ( 8.29%).

Bethel Home Appreciation Rates

Homes have actually lost value in Bethel over the last then years, as home values have seen a decline of 0.03% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bethel home appreciation rates at 0.16%, which equates to an annual appreciation rate of 0.65%.

Over the last year, Bethel appreciation rates have trailed the rest of the nation. In the last twelve months, Bethel's appreciation rate has been 3.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bethel were at 0.16%, which equates to an annual appreciation rate of 0.65%.

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

Relative to Connecticut, our data show that Bethel's latest annual appreciation rate is lower than 60% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$375,838

Bethel, CT HOME PRICES

Value Range
> $1,059,000 1.3
$794,001 - $1,059,000 0.6
$529,001 - $794,000 9.6
$423,001 - $529,000 13.4
$318,001 - $423,000 38.6
$212,001 - $318,000 25.7
$106,001 - $212,000 9.6
$53,001 - $106,000 0.3
$0 - $53,000 1.0

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
13.792700729927 23.6686390532544

Number Of Homes And Apartments:
7,271

Bethel Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
31.45% 1.36%
3
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,702 / per month

Homeownership Rate

Homeownership
Owners 77.31
Renters 22.69
Vacant 5.64

Housing Market Details

 

Age of Homes

AGE OF Bethel HOMES
2000 or Newer 8.3
1970 - 1999 44.2
1940 - 1969 30.8
1939 or Older 16.6

Types of Homes

TYPE OF Bethel HOMES
Single-Family 66.7
Townhomes 8.7
Small Apt. Buildings 11.3
Apt. Complexes 13.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bethel HOMES
No Bedroom 2.62
1 Bedroom 8.15
2 Bedrooms 19.75
3 Bedrooms 40.23
4 Bedrooms 25.77
5 or more bedrooms 3.48