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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 29,179 people, 10,162 houses or apartments, and a median cost of homes of $366,563, real estate costs in Cheshire 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 Cheshire, accounting for 77.20% of the town's housing units. Other types of housing that are prevalent in Cheshire include large apartment complexes or high rise apartments ( 11.09%), duplexes, homes converted to apartments or other small apartment buildings ( 5.88%), and a few row houses and other attached homes ( 5.83%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cheshire. Owner-occupied housing accounts for 78.93% of Cheshire's homes, and 67.51% have either three or four bedrooms, which is average sized relative to America.
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. Cheshire's housing was primarily built during this period, from the '40s through the '60s. A full 42.68% of the town's housing hails from this era. Other housing ages represented in Cheshire include homes built between 1970-1999 ( 41.11%) and housing constructed before 1939 ( 9.67%). There's also some housing in Cheshire built between 2000 and later ( 6.54%).
Homes have actually lost value in Cheshire over the last then years, as home values have seen a decline of 0.69% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cheshire home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.34%.
Over the last year, Cheshire appreciation rates have trailed the rest of the nation. In the last twelve months, Cheshire's appreciation rate has been 2.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cheshire were at 0.08%, which equates to an annual appreciation rate of 0.34%.
Notably, Cheshire's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Connecticut, our data show that Cheshire's latest annual appreciation rate is lower 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 Cheshire differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cheshire - 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 Cheshire real estate investment or home purchase decisions.
|$795,001 - $1,060,000||1.9|
|$530,001 - $795,000||9.8|
|$424,001 - $530,000||18.5|
|$318,001 - $424,000||30.5|
|$212,001 - $318,000||28.3|
|$106,001 - $212,000||8.4|
|$53,001 - $106,000||1.1|
|$0 - $53,000||1.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
2000 Q1 - 2020 Q2
|* 10 is highest|
|AGE OF Cheshire HOMES|
|2000 or Newer||6.5|
|1970 - 1999||41.1|
|1940 - 1969||42.7|
|1939 or Older||9.7|
|TYPE OF Cheshire HOMES|
|Small Apt. Buildings||5.9|
|SIZE OF Cheshire HOMES|
|5 or more bedrooms||4.55|