Clinton, CT Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Clinton, CT Housing Market Trends

With a population of 12,925, 5,396 total housing units (homes and apartments), and a median house value of $344,887, Clinton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Clinton, accounting for 77.63% of the town's housing units. Other types of housing that are prevalent in Clinton include large apartment complexes or high rise apartments ( 8.86%), duplexes, homes converted to apartments or other small apartment buildings ( 7.91%), and a few mobile homes or trailers ( 3.54%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clinton. Owner-occupied housing accounts for 79.32% of Clinton's homes, and 62.99% 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. Clinton's housing was primarily built during this period, from the '40s through the '60s. A full 41.02% of the town's housing hails from this era. Other housing ages represented in Clinton include homes built between 1970-1999 ( 37.72%) and housing constructed before 1939 ( 12.96%). There's also some housing in Clinton built between 2000 and later ( 8.30%).

Vacant housing appears to be an issue in Clinton. Fully 12.71% of the housing stock is classified as vacant. Left unchecked, vacant Clinton homes and apartments can be a drag on the real estate market, holding Clinton 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.

Clinton Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Clinton, where house values have increased just 15.91%, which is annualized rate of 1.49%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Clinton that despite a nationwide downturn in the housing market, Clinton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Clinton appreciation rates continue to be some of the highest in America, at 10.72%, which is higher than appreciation rates in 73.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Clinton. Clinton appreciation rates in the latest quarter were at 3.34%, which equates to an annual appreciation rate of 14.05%.

Relative to Connecticut, our data show that Clinton's latest annual appreciation rate is lower than 60% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$344,887

Clinton, CT HOME PRICES

> $1,181,000
1.5%
1.5%
$886,001 - $1,181,000
1.4%
1.4%
$591,001 - $886,000
7.4%
7.4%
$473,001 - $591,000
7.1%
7.1%
$354,001 - $473,000
24.2%
24.2%
$236,001 - $354,000
40.5%
40.5%
$118,001 - $236,000
12.5%
12.5%
$59,001 - $118,000
1.5%
1.5%
$0 - $59,000
3.8%
3.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CT

Value Relative To Nation

Number Of Homes And Apartments:
5,396

Clinton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
58.78% 2.17%
6
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,703 / per month

Homeownership Rate

Owners
79.3%
79.3%
Renters
20.7%
20.7%
Vacant
12.7%
12.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.3%
8.3%
1970 - 1999
37.7%
37.7%
1940 - 1969
41.0%
41.0%
1939 or Older
13.0%
13.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
77.6%
77.6%
Townhomes
2.1%
2.1%
Small Apt. Buildings
7.9%
7.9%
Apt. Complexes
8.9%
8.9%
Mobile Homes
3.5%
3.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
10.7%
10.7%
2 Bedrooms
23.8%
23.8%
3 Bedrooms
46.6%
46.6%
4 Bedrooms
16.4%
16.4%
5 or more bedrooms
2.5%
2.5%
0.0% 100.0%
% OF HOMES