Ellington, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ellington, 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

Ellington Housing Market Information

With 15,916 people, 6,383 houses or apartments, and a median cost of homes of $253,956, Ellington real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ellington, accounting for 63.80% of the town's housing units. Other types of housing that are prevalent in Ellington include large apartment complexes or high rise apartments ( 23.78%), duplexes, homes converted to apartments or other small apartment buildings ( 8.08%), and a few row houses and other attached homes ( 4.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ellington. Owner-occupied housing accounts for 67.82% of Ellington's homes, and 55.14% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ellington 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 Ellington built between 1940-1969 ( 32.79%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.16%). There's also some housing in Ellington built before 1939 ( 7.95%).

Ellington Home Appreciation Rates

Ellington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ellington during the period has been just -1.26%, which is lower than 70% of US communities.

Over the last year, Ellington appreciation rates have trailed the rest of the nation. In the last twelve months, Ellington's appreciation rate has been 0.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ellington were at -1.07%, which equates to an annual appreciation rate of -4.22%.

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

Relative to Connecticut, our data show that Ellington's latest annual appreciation rate is higher than 60% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$253,956

Ellington, CT HOME PRICES

Value Range
> $1,001,000 0.2
$751,001 - $1,001,000 1.7
$501,001 - $751,000 2.3
$400,001 - $501,000 8.0
$300,001 - $400,000 22.1
$200,001 - $300,000 38.6
$100,001 - $200,000 21.3
$50,001 - $100,000 3.5
$0 - $50,000 2.3

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
21.9324973631783 63.905325443787

Number Of Homes And Apartments:
6,383

Ellington 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
32.92% 1.66% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,382 / per month

Homeownership Rate

Homeownership
Owners 67.82
Renters 32.18
Vacant 4.29

Housing Market Details

 

Age of Homes

AGE OF Ellington HOMES
2000 or Newer 18.2
1970 - 1999 41.1
1940 - 1969 32.8
1939 or Older 7.9

Types of Homes

TYPE OF Ellington HOMES
Single-Family 63.8
Townhomes 4.3
Small Apt. Buildings 8.1
Apt. Complexes 23.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Ellington HOMES
No Bedroom 2.47
1 Bedroom 18.59
2 Bedrooms 22.27
3 Bedrooms 36.56
4 Bedrooms 18.58
5 or more bedrooms 1.53

Popular Neighborhoods in Ellington

Zip Codes in Ellington, CT