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 about Scout's Real Estate Data
With a population of 28,628, 9,909 total housing units (homes and apartments), and a median house value of $524,358, 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 80.36% of the town's housing units. Other types of housing that are prevalent in Cheshire include large apartment complexes or high rise apartments ( 10.40%), duplexes, homes converted to apartments or other small apartment buildings ( 4.15%), and a few row houses and other attached homes ( 3.58%).
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 80.19% of Cheshire's homes, and 71.25% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Cheshire 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 Cheshire built between 1940-1969 ( 39.27%). A lesser amount of the housing stock also hails from before 1939 ( 10.82%). There's also some housing in Cheshire built between 2000 and later ( 6.45%).
Cheshire's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cheshire during the period has been just 3.84%, which is lower than 80% of US communities.
Appreciation rates are so strong in Cheshire that despite a nationwide downturn in the housing market, Cheshire real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cheshire appreciation rates continue to be some of the highest in America, at 7.94%, which is higher than appreciation rates in 84.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cheshire. Cheshire appreciation rates in the latest quarter were at 3.17%, which equates to an annual appreciation rate of 13.31%.
Relative to Connecticut, our data show that Cheshire's latest annual appreciation rate is higher than 80% 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.
$2,987 / per month