Cheshire CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



Map Loading GIF Please wait, loading your map...

Highest
Lowest




Cheshire, 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 Q3 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

Cheshire Housing Market Information

With a population of 29,179, 10,214 total housing units (homes and apartments), and a median house value of $372,369, 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 77.36% of the town's housing units. Other types of housing that are prevalent in Cheshire include large apartment complexes or high rise apartments ( 10.61%), duplexes, homes converted to apartments or other small apartment buildings ( 6.04%), and a few row houses and other attached homes ( 5.90%).

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 78.96% of Cheshire's homes, and 65.72% 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 44.75% of the town's housing hails from this era. Other housing ages represented in Cheshire include homes built between 1970-1999 ( 39.65%) and housing constructed before 1939 ( 8.89%). There's also some housing in Cheshire built between 2000 and later ( 6.71%).

Cheshire Home Appreciation Rates

Homes have actually lost value in Cheshire over the last then years, as home values have seen a decline of 3.77% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cheshire home appreciation rates at 1.88%, which equates to an annual appreciation rate of 7.74%.

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 1.81%, 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 1.88%, which equates to an annual appreciation rate of 7.74%.

Relative to Connecticut, our data show that Cheshire'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 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.

Average Home Values

 

Median Home Value:
$372,369

Cheshire, CT HOME PRICES

Value Range
> $1,040,000 0.6
$780,001 - $1,040,000 2.5
$520,001 - $780,000 8.9
$416,001 - $520,000 18.0
$312,001 - $416,000 29.7
$208,001 - $312,000 29.1
$104,001 - $208,000 8.2
$52,001 - $104,000 1.1
$0 - $52,000 1.9

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
13.5416058394161 24.8520710059172

Number Of Homes And Apartments:
10,214

Cheshire Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
33.33% 1.47%
5
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,680 / per month

Homeownership Rate

Homeownership
Owners 78.96
Renters 21.04
Vacant 7.17

Housing Market Details

 

Age of Homes

AGE OF Cheshire HOMES
2000 or Newer 6.7
1970 - 1999 39.7
1940 - 1969 44.8
1939 or Older 8.9

Types of Homes

TYPE OF Cheshire HOMES
Single-Family 77.4
Townhomes 5.9
Small Apt. Buildings 6.0
Apt. Complexes 10.6
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Cheshire HOMES
No Bedroom 0.52
1 Bedroom 8.66
2 Bedrooms 19.86
3 Bedrooms 37.84
4 Bedrooms 27.88
5 or more bedrooms 5.24