Coventry, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Coventry, 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

Coventry Housing Market Information

With a population of 12,438, 4,580 total housing units (homes and apartments), and a median house value of $255,708, 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 91.20% of the town's housing units. Other types of housing that are prevalent in Coventry include large apartment complexes or high rise apartments ( 3.52%), duplexes, homes converted to apartments or other small apartment buildings ( 3.06%), and a few row houses and other attached homes ( 2.22%).

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 90.07% of Coventry's homes, and 69.55% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Coventry 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 Coventry built between 1940-1969 ( 32.63%). A lesser amount of the housing stock also hails from before 1939 ( 16.94%). There's also some housing in Coventry built between 2000 and later ( 15.71%).

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 -1.48%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Coventry's appreciation rate, at 3.43%, has been at or slightly above the national average. In the latest quarter, Coventry's appreciation rate has been -1.07%, which annualizes to a rate of -4.22%.

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 higher than 90% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$255,708

Coventry, CT HOME PRICES

Value Range
> $1,037,000 1.2
$778,001 - $1,037,000 0.6
$518,001 - $778,000 3.7
$415,001 - $518,000 8.1
$311,001 - $415,000 17.9
$207,001 - $311,000 40.2
$104,001 - $207,000 25.0
$52,001 - $104,000 2.1
$0 - $52,000 1.1

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
21.7156920192195 62.1301775147929

Number Of Homes And Apartments:
4,580

Coventry 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
37.14% 1.85% 9 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,265 / per month

Homeownership Rate

Homeownership
Owners 90.07
Renters 9.93
Vacant 7.75

Housing Market Details

 

Age of Homes

AGE OF Coventry HOMES
2000 or Newer 15.7
1970 - 1999 34.7
1940 - 1969 32.6
1939 or Older 16.9

Types of Homes

TYPE OF Coventry HOMES
Single-Family 91.2
Townhomes 2.2
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 4.33
2 Bedrooms 21.03
3 Bedrooms 52.97
4 Bedrooms 16.58
5 or more bedrooms 5.10

Popular Neighborhoods in Coventry

Zip Codes in Coventry, CT