Darien, CT Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Darien, CT Housing Market Trends

With a population of 21,728, 6,895 total housing units (homes and apartments), and a median house value of $1,462,755, Darien house prices are not only among the most expensive in Connecticut, Darien real estate also is some of the most expensive in all of America.

Darien is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Darien than is found in 98% of the communities in America.

The large homes that make up Darien are primarily owner-occupied ( 86.44%).

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. Darien's housing was primarily built during this period, from the '40s through the '60s. A full 40.96% of the town's housing hails from this era. Other housing ages represented in Darien include homes built before 1939 ( 27.33%) and housing constructed between 1970-1999 ( 19.87%). There's also some housing in Darien built between 2000 and later ( 11.84%).

Darien Home Appreciation Rates

Darien's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Darien during the period has been just 1.96%, which is lower than 80% of US communities.

Appreciation rates are so strong in Darien that despite a nationwide downturn in the housing market, Darien real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Darien appreciation rates continue to be some of the highest in America, at 10.94%, which is higher than appreciation rates in 75.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Darien. Darien appreciation rates in the latest quarter were at 4.26%, which equates to an annual appreciation rate of 18.14%.

Importantly, this makes Darien one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Connecticut, our data show that Darien's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Darien differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Darien - 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 Darien real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,462,755

Darien, CT HOME PRICES

> $1,062,000
69.3%
69.3%
$797,001 - $1,062,000
17.1%
17.1%
$531,001 - $797,000
7.7%
7.7%
$425,001 - $531,000
1.8%
1.8%
$319,001 - $425,000
0.7%
0.7%
$212,001 - $319,000
0.8%
0.8%
$106,001 - $212,000
0.5%
0.5%
$53,001 - $106,000
0.2%
0.2%
$0 - $53,000
2.1%
2.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CT

Value Relative To Nation

Number Of Homes And Apartments:
6,895

Darien Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
87.71% 2.97%
10
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,252 / per month

Homeownership Rate

Owners
86.4%
86.4%
Renters
13.6%
13.6%
Vacant
5.3%
5.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.8%
11.8%
1970 - 1999
19.9%
19.9%
1940 - 1969
41.0%
41.0%
1939 or Older
27.3%
27.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
87.1%
87.1%
Townhomes
3.7%
3.7%
Small Apt. Buildings
4.2%
4.2%
Apt. Complexes
4.9%
4.9%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
5.0%
5.0%
2 Bedrooms
6.7%
6.7%
3 Bedrooms
21.2%
21.2%
4 Bedrooms
38.4%
38.4%
5 or more bedrooms
27.2%
27.2%
0.0% 100.0%
% OF HOMES