Colchester, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Colchester Neighborhoods Since 2000




Colchester, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Colchester Housing Market Information

With a population of 16,130, 5,734 total housing units (homes and apartments), and a median house value of $284,438, Colchester real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Colchester, accounting for 76.24% of the town's housing units. Other types of housing that are prevalent in Colchester include duplexes, homes converted to apartments or other small apartment buildings ( 9.86%), large apartment complexes or high rise apartments ( 8.34%), and a few row houses and other attached homes ( 3.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Colchester. Owner-occupied housing accounts for 76.28% of Colchester's homes, and 67.69% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Colchester 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 Colchester built between 1940-1969 ( 18.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.03%). There's also some housing in Colchester built before 1939 ( 8.92%).

Colchester Home Appreciation Rates

Homes have actually lost value in Colchester over the last then years, as home values have seen a decline of 19.98% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Colchester home appreciation rates at -1.34%, which equates to an annual appreciation rate of -5.24%.

Over the last year, Colchester appreciation rates have trailed the rest of the nation. In the last twelve months, Colchester's appreciation rate has been -0.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Colchester were at -1.34%, which equates to an annual appreciation rate of -5.24%.

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

Relative to Connecticut, our data show that Colchester's latest annual appreciation rate is lower than 50% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$284,438

Colchester, CT HOME PRICES

Value Range
> $987,000 1.4
$740,001 - $987,000 0.4
$494,001 - $740,000 1.5
$395,001 - $494,000 9.8
$296,001 - $395,000 25.7
$197,001 - $296,000 39.2
$99,001 - $197,000 17.4
$49,001 - $99,000 3.0
$0 - $49,000 1.7

Average for CT
Very High for Nation

Value Relative to Nation Value Relative to State
17.9772647369038 45.5621301775148

Number Of Homes And Apartments:
5,734

Colchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
26.85% 1.39% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,266 / per month

Homeownership Rate

Homeownership
Owners 76.28
Renters 23.72
Vacant 7.65

Housing Market Details

 

Age of Homes

AGE OF Colchester HOMES
2000 or Newer 14.0
1970 - 1999 58.3
1940 - 1969 18.7
1939 or Older 8.9

Types of Homes

TYPE OF Colchester HOMES
Single-Family 76.2
Townhomes 3.4
Small Apt. Buildings 9.9
Apt. Complexes 8.3
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Colchester HOMES
No Bedroom 0.39
1 Bedroom 10.16
2 Bedrooms 19.55
3 Bedrooms 50.30
4 Bedrooms 17.39
5 or more bedrooms 2.21