Bristol, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bristol Neighborhoods Since 2000




Bristol, 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

Bristol Housing Market Information

With a population of 60,452, 24,921 total housing units (homes and apartments), and a median house value of $205,217, Bristol real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Bristol homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Bristol, accounting for 56.07% of the city's housing units. Other types of housing that are prevalent in Bristol include duplexes, homes converted to apartments or other small apartment buildings ( 21.69%), large apartment complexes or high rise apartments ( 17.92%), and a few row houses and other attached homes ( 3.66%).

The most prevalent building size and type in Bristol are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.84% owning and 35.16% renting.

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. Bristol's housing was primarily built during this period, from the '40s through the '60s. A full 38.82% of the city's housing hails from this era. Other housing ages represented in Bristol include homes built between 1970-1999 ( 35.75%) and housing constructed before 1939 ( 21.08%). There's also some housing in Bristol built between 2000 and later ( 4.35%).

Bristol Home Appreciation Rates

Homes have actually lost value in Bristol over the last then years, as home values have seen a decline of 20.53% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bristol home appreciation rates at -1.07%, which equates to an annual appreciation rate of -4.22%.

Over the last year, Bristol appreciation rates have trailed the rest of the nation. In the last twelve months, Bristol's appreciation rate has been 1.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bristol were at -1.07%, which equates to an annual appreciation rate of -4.22%.

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

Relative to Connecticut, our data show that Bristol's latest annual appreciation rate is higher than 70% 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 city. Individual neighborhoods within Bristol differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bristol - 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 Bristol real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$205,217

Bristol, CT HOME PRICES

Value Range
> $1,000,000 0.4
$750,001 - $1,000,000 0.5
$500,001 - $750,000 1.4
$400,001 - $500,000 1.2
$300,001 - $400,000 8.0
$200,001 - $300,000 34.8
$100,001 - $200,000 46.7
$50,001 - $100,000 4.3
$0 - $50,000 2.6

Very Low for CT
High for Nation

Value Relative to Nation Value Relative to State
31.003164186101 81.0650887573965

Number Of Homes And Apartments:
24,921

Bristol 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
25.95% 1.35% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,061 / per month

Homeownership Rate

Homeownership
Owners 64.84
Renters 35.16
Vacant 7.54

Housing Market Details

 

Age of Homes

AGE OF Bristol HOMES
2000 or Newer 4.3
1970 - 1999 35.8
1940 - 1969 38.8
1939 or Older 21.1

Types of Homes

TYPE OF Bristol HOMES
Single-Family 56.1
Townhomes 3.7
Small Apt. Buildings 21.7
Apt. Complexes 17.9
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Bristol HOMES
No Bedroom 1.37
1 Bedroom 13.32
2 Bedrooms 32.32
3 Bedrooms 38.66
4 Bedrooms 11.73
5 or more bedrooms 2.60