Clinton, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Clinton Neighborhoods Since 2000




Clinton, CT Real Estate Data


Clinton Housing Market Information

With a population of 13,047, 5,313 total housing units (homes and apartments), and a median house value of $292,876, 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 79.84% of the town's housing units. Other types of housing that are prevalent in Clinton include duplexes, homes converted to apartments or other small apartment buildings ( 8.12%), large apartment complexes or high rise apartments ( 4.97%), and a few mobile homes or trailers ( 4.07%).

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 80.55% of Clinton's homes, and 60.27% 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 44.51% of the town's housing hails from this era. Other housing ages represented in Clinton include homes built between 1970-1999 ( 35.56%) and housing constructed before 1939 ( 13.80%). There's also some housing in Clinton built between 2000 and later ( 6.13%).

Vacant housing appears to be an issue in Clinton. Fully 11.46% 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

Homes have actually lost value in Clinton over the last then years, as home values have seen a decline of 21.52% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Clinton home appreciation rates at 0.71%, which equates to an annual appreciation rate of 2.86%.

Over the last year, Clinton appreciation rates have trailed the rest of the nation. In the last twelve months, Clinton's appreciation rate has been 1.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clinton were at 0.71%, which equates to an annual appreciation rate of 2.86%.

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

Relative to Connecticut, our data show that Clinton's latest annual appreciation rate is lower than 90% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$292,876

Clinton, CT HOME PRICES

Value Range
> $975,000 2.7
$731,001 - $975,000 1.1
$488,001 - $731,000 6.6
$390,001 - $488,000 11.6
$292,001 - $390,000 18.4
$195,001 - $292,000 40.9
$98,001 - $195,000 13.3
$49,001 - $98,000 1.1
$0 - $49,000 4.3

Average for CT
Very High for Nation

Value Relative to Nation Value Relative to State
17.5616326052585 46.1538461538462

Number Of Homes And Apartments:
5,313

Rent & Ownership

 

Average Market Rent:
$1,118 / per month

Homeownership Rate

Homeownership
Owners 80.55
Renters 19.45
Vacant 11.46

Housing Market Details

 

Age of Homes

AGE OF Clinton HOMES
2000 or Newer 6.1
1970 - 1999 35.6
1940 - 1969 44.5
1939 or Older 13.8

Types of Homes

TYPE OF Clinton HOMES
Single-Family 79.8
Townhomes 3.0
Small Apt. Buildings 8.1
Apt. Complexes 5.0
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Clinton HOMES
No Bedroom 0.87
1 Bedroom 9.45
2 Bedrooms 24.16
3 Bedrooms 36.41
4 Bedrooms 23.86
5 or more bedrooms 5.25

Clinton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
32.39% 1.66% 5 3
* 10 is highest