Branford, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Branford, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Branford Housing Market Information

With a population of 28,145, 12,395 total housing units (homes and apartments), and a median house value of $269,347, Branford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Branford, accounting for 51.16% of the town's housing units. Other types of housing that are prevalent in Branford include large apartment complexes or high rise apartments ( 20.56%), duplexes, homes converted to apartments or other small apartment buildings ( 13.71%), and a few row houses and other attached homes ( 12.18%).

Dwellings in Branford tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 53.61% of the homes in Branford have two or fewer bedrooms.

There is a lot of housing in Branford 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 Branford built between 1940-1969 ( 28.13%). A lesser amount of the housing stock also hails from before 1939 ( 21.16%). There's also some housing in Branford built between 2000 and later ( 4.75%).

Vacant housing appears to be an issue in Branford. Fully 11.26% of the housing stock is classified as vacant. Left unchecked, vacant Branford homes and apartments can be a drag on the real estate market, holding Branford real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Branford Home Appreciation Rates

Branford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Branford during the period has been just -1.87%, which is lower than 80% of US communities.

Over the last year, Branford appreciation rates have trailed the rest of the nation. In the last twelve months, Branford's appreciation rate has been 0.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Branford were at -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Connecticut, our data show that Branford's latest annual appreciation rate is higher than 60% 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 Branford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Branford - 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 2000, to assist you in making the best Branford real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$269,347

Branford, CT HOME PRICES

Value Range
> $1,015,000 2.8
$762,001 - $1,015,000 3.8
$508,001 - $762,000 9.2
$406,001 - $508,000 8.4
$305,001 - $406,000 22.0
$203,001 - $305,000 27.4
$101,001 - $203,000 20.7
$51,001 - $101,000 2.0
$0 - $51,000 3.6

Average for CT
Very High for Nation

Value Relative to Nation Value Relative to State
19.8347591702801 55.0295857988166

Number Of Homes And Apartments:
12,395

Branford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
37.76% 1.87% 9 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,670 / per month

Homeownership Rate

Homeownership
Owners 67.67
Renters 32.33
Vacant 11.26

Housing Market Details

 

Age of Homes

AGE OF Branford HOMES
2000 or Newer 4.8
1970 - 1999 46.0
1940 - 1969 28.1
1939 or Older 21.2

Types of Homes

TYPE OF Branford HOMES
Single-Family 51.2
Townhomes 12.2
Small Apt. Buildings 13.7
Apt. Complexes 20.6
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Branford HOMES
No Bedroom 1.91
1 Bedroom 16.23
2 Bedrooms 35.47
3 Bedrooms 31.87
4 Bedrooms 11.94
5 or more bedrooms 2.58