Coventry, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Coventry, CT Real Estate Data


Coventry Housing Market Information

With 12,438 people, 4,781 houses or apartments, and a median cost of homes of $256,218, Coventry real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Coventry, accounting for 90.06% of the town's housing units. Other types of housing that are prevalent in Coventry include large apartment complexes or high rise apartments ( 3.50%), row houses and other attached homes ( 3.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Coventry. Owner-occupied housing accounts for 90.15% of Coventry's homes, and 68.04% 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. Coventry's housing was primarily built during this period, from the '40s through the '60s. A full 35.11% of the town's housing hails from this era. Other housing ages represented in Coventry include homes built between 1970-1999 ( 32.96%) and housing constructed before 1939 ( 19.01%). There's also some housing in Coventry built between 2000 and later ( 12.91%).

Coventry Home Appreciation Rates

Coventry's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Coventry during the period has been just -1.46%, which is lower than 80% of US communities.

Over the last year, Coventry appreciation rates have trailed the rest of the nation. In the last twelve months, Coventry's appreciation rate has been 2.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Coventry were at 0.71%, which equates to an annual appreciation rate of 2.86%.

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

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

Average Home Values

 

Median Home Value:
$256,218

Coventry, CT HOME PRICES

Value Range
> $998,000 1.2
$748,001 - $998,000 0.6
$499,001 - $748,000 3.6
$399,001 - $499,000 9.5
$299,001 - $399,000 19.9
$200,001 - $299,000 39.1
$100,001 - $200,000 24.0
$50,001 - $100,000 1.3
$0 - $50,000 0.8

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
22.1291795982901 65.0887573964497

Number Of Homes And Apartments:
4,781

Rent & Ownership

 

Average Market Rent:
$1,330 / per month

Homeownership Rate

Homeownership
Owners 90.15
Renters 9.85
Vacant 6.47

Housing Market Details

 

Age of Homes

AGE OF Coventry HOMES
2000 or Newer 12.9
1970 - 1999 33.0
1940 - 1969 35.1
1939 or Older 19.0

Types of Homes

TYPE OF Coventry HOMES
Single-Family 90.1
Townhomes 3.3
Small Apt. Buildings 3.1
Apt. Complexes 3.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Coventry HOMES
No Bedroom 0.00
1 Bedroom 4.85
2 Bedrooms 22.09
3 Bedrooms 49.37
4 Bedrooms 18.66
5 or more bedrooms 5.03

Coventry 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
35.71% 1.81% 7 4
* 10 is highest

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Zip Codes in Coventry, CT