Danbury, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Danbury Neighborhoods Since 2000




Danbury, 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

Danbury Housing Market Information

With 84,657 people, 28,894 houses or apartments, and a median cost of homes of $263,439, Danbury real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Danbury, accounting for 43.70% of the city's housing units. Other types of housing that are prevalent in Danbury include large apartment complexes or high rise apartments ( 23.22%), duplexes, homes converted to apartments or other small apartment buildings ( 22.18%), and a few row houses and other attached homes ( 9.44%).

People in Danbury primarily live in small (one, two or no bedroom) single-family detached homes. Danbury has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Danbury 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 Danbury built between 1940-1969 ( 31.11%). A lesser amount of the housing stock also hails from before 1939 ( 21.88%). There's also some housing in Danbury built between 2000 and later ( 11.97%).

Danbury Home Appreciation Rates

Homes have actually lost value in Danbury over the last then years, as home values have seen a decline of 29.87% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Danbury home appreciation rates at -1.81%, which equates to an annual appreciation rate of -7.04%.

Over the last year, Danbury appreciation rates have trailed the rest of the nation. In the last twelve months, Danbury's appreciation rate has been -2.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Danbury were at -1.81%, which equates to an annual appreciation rate of -7.04%.

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

Relative to Connecticut, our data show that Danbury's latest annual appreciation rate is lower than 80% of the other cities and towns in Connecticut.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Danbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Danbury - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Danbury real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$263,439

Danbury, CT HOME PRICES

Value Range
> $994,000 0.5
$745,001 - $994,000 0.8
$497,001 - $745,000 4.3
$397,001 - $497,000 9.4
$298,001 - $397,000 24.2
$199,001 - $298,000 34.2
$99,001 - $199,000 21.6
$50,001 - $99,000 2.5
$0 - $50,000 2.5

Average for CT
High for Nation

Value Relative to Nation Value Relative to State
20.6199460916442 57.396449704142

Number Of Homes And Apartments:
28,894

Danbury 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
17.25% 0.93% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,728 / per month

Homeownership Rate

Homeownership
Owners 57.51
Renters 42.49
Vacant 8.90

Housing Market Details

 

Age of Homes

AGE OF Danbury HOMES
2000 or Newer 12.0
1970 - 1999 35.0
1940 - 1969 31.1
1939 or Older 21.9

Types of Homes

TYPE OF Danbury HOMES
Single-Family 43.7
Townhomes 9.4
Small Apt. Buildings 22.2
Apt. Complexes 23.2
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Danbury HOMES
No Bedroom 3.32
1 Bedroom 14.17
2 Bedrooms 32.39
3 Bedrooms 33.16
4 Bedrooms 13.80
5 or more bedrooms 3.15