East Haddam, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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East Haddam, CT Real Estate Data


East Haddam Housing Market Information

With a population of 9,081, 3,500 total housing units (homes and apartments), and a median house value of $284,854, East Haddam real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in East Haddam, accounting for 92.31% of the town's housing units. Other types of housing that are prevalent in East Haddam include duplexes, homes converted to apartments or other small apartment buildings ( 4.98%), row houses and other attached homes ( 1.54%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in East Haddam. Owner-occupied housing accounts for 83.05% of East Haddam's homes, and 62.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in East Haddam 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 East Haddam built between 1940-1969 ( 27.71%). A lesser amount of the housing stock also hails from before 1939 ( 17.33%). There's also some housing in East Haddam built between 2000 and later ( 7.33%).

Vacant housing appears to be an issue in East Haddam. Fully 22.91% of the housing stock is classified as vacant. Left unchecked, vacant East Haddam homes and apartments can be a drag on the real estate market, holding East Haddam real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

East Haddam Home Appreciation Rates

East Haddam's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in East Haddam during the period has been just -1.95%, which is lower than 80% of US communities.

Over the last year, East Haddam appreciation rates have trailed the rest of the nation. In the last twelve months, East Haddam's appreciation rate has been 2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in East Haddam were at 0.71%, which equates to an annual appreciation rate of 2.86%.

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

Relative to Connecticut, our data show that East Haddam's latest annual appreciation rate is lower than 70% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$284,854

Rent & Ownership

 

Average Market Rent:
$1,205 / per month

Homeownership Rate

Homeownership
Owners 83.05
Renters 16.95
Vacant 22.91

Housing Market Details

 

Age of Homes

AGE OF East Haddam HOMES
2000 or Newer 7.3
1970 - 1999 47.6
1940 - 1969 27.7
1939 or Older 17.3

Types of Homes

TYPE OF East Haddam HOMES
Single-Family 92.3
Townhomes 1.5
Small Apt. Buildings 5.0
Apt. Complexes 0.9
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF East Haddam HOMES
No Bedroom 0.48
1 Bedroom 5.57
2 Bedrooms 28.22
3 Bedrooms 48.26
4 Bedrooms 14.23
5 or more bedrooms 3.24

East Haddam 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
27.03% 1.42% 3 3
* 10 is highest

Popular Neighborhoods in East Haddam

Zip Codes in East Haddam, CT