East Haven, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating East Haven Neighborhoods Since 2000




East Haven, 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

East Haven Housing Market Information

With a population of 28,935, 11,213 total housing units (homes and apartments), and a median house value of $221,125, East Haven 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 Haven, accounting for 63.00% of the town's housing units. Other types of housing that are prevalent in East Haven include large apartment complexes or high rise apartments ( 17.41%), duplexes, homes converted to apartments or other small apartment buildings ( 12.70%), and a few row houses and other attached homes ( 6.49%).

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 Haven. Owner-occupied housing accounts for 70.21% of East Haven's homes, and 50.89% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in East Haven 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 Haven built between 1940-1969 ( 38.95%). A lesser amount of the housing stock also hails from before 1939 ( 15.14%). There's also some housing in East Haven built between 2000 and later ( 5.41%).

East Haven Home Appreciation Rates

Homes have actually lost value in East Haven over the last then years, as home values have seen a decline of 24.71% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows East Haven home appreciation rates at -0.47%, which equates to an annual appreciation rate of -1.86%.

Over the last year, East Haven appreciation rates have trailed the rest of the nation. In the last twelve months, East Haven's appreciation rate has been -0.15%, 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 Haven were at -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Connecticut, our data show that East Haven's latest annual appreciation rate is lower than 50% 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 East Haven differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in East Haven - 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 East Haven real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$221,125

East Haven, CT HOME PRICES

Value Range
> $1,003,000 0.7
$753,001 - $1,003,000 0.0
$502,001 - $753,000 2.4
$401,001 - $502,000 1.6
$301,001 - $401,000 11.1
$201,001 - $301,000 38.6
$100,001 - $201,000 39.3
$50,001 - $100,000 3.1
$0 - $50,000 3.0

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
27.5166998710887 76.9230769230769

Number Of Homes And Apartments:
11,213

East Haven 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
35.60% 1.78% 9 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,570 / per month

Homeownership Rate

Homeownership
Owners 70.21
Renters 29.79
Vacant 9.98

Housing Market Details

 

Age of Homes

AGE OF East Haven HOMES
2000 or Newer 5.4
1970 - 1999 40.5
1940 - 1969 39.0
1939 or Older 15.1

Types of Homes

TYPE OF East Haven HOMES
Single-Family 63.0
Townhomes 6.5
Small Apt. Buildings 12.7
Apt. Complexes 17.4
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF East Haven HOMES
No Bedroom 1.86
1 Bedroom 15.75
2 Bedrooms 29.38
3 Bedrooms 41.88
4 Bedrooms 9.01
5 or more bedrooms 2.12