Enfield, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Enfield Neighborhoods Since 2000




Enfield, 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

Enfield Housing Market Information

With 44,323 people, 16,225 houses or apartments, and a median cost of homes of $191,733, Enfield real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Enfield homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Enfield, accounting for 68.92% of the town's housing units. Other types of housing that are prevalent in Enfield include duplexes, homes converted to apartments or other small apartment buildings ( 13.26%), large apartment complexes or high rise apartments ( 12.28%), and a few row houses and other attached homes ( 5.23%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Enfield. Owner-occupied housing accounts for 67.81% of Enfield's homes, and 63.31% have either three or four bedrooms, which is average sized relative to America.

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. Enfield's housing was primarily built during this period, from the '40s through the '60s. A full 51.89% of the town's housing hails from this era. Other housing ages represented in Enfield include homes built between 1970-1999 ( 29.67%) and housing constructed before 1939 ( 15.41%). There's also some housing in Enfield built between 2000 and later ( 3.03%).

Enfield Home Appreciation Rates

Enfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Enfield during the period has been just -1.93%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Enfield's appreciation rate, at 4.80%, has been at or slightly above the national average. In the latest quarter, Enfield's appreciation rate has been -1.07%, which annualizes to a rate of -4.22%.

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

Relative to Connecticut, our data show that Enfield's latest annual appreciation rate is higher than 90% 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 Enfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Enfield - 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 Enfield real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$191,733

Enfield, CT HOME PRICES

Value Range
> $1,029,000 0.3
$772,001 - $1,029,000 0.1
$515,001 - $772,000 1.0
$411,001 - $515,000 1.0
$309,001 - $411,000 4.6
$206,001 - $309,000 31.0
$103,001 - $206,000 57.6
$51,001 - $103,000 2.4
$0 - $51,000 2.1

Very Low for CT
High for Nation

Value Relative to Nation Value Relative to State
34.3900152349701 86.9822485207101

Number Of Homes And Apartments:
16,225

Enfield 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
32.18% 1.63% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,353 / per month

Homeownership Rate

Homeownership
Owners 67.81
Renters 32.19
Vacant 7.00

Housing Market Details

 

Age of Homes

AGE OF Enfield HOMES
2000 or Newer 3.0
1970 - 1999 29.7
1940 - 1969 51.9
1939 or Older 15.4

Types of Homes

TYPE OF Enfield HOMES
Single-Family 68.9
Townhomes 5.2
Small Apt. Buildings 13.3
Apt. Complexes 12.3
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Enfield HOMES
No Bedroom 2.06
1 Bedroom 9.10
2 Bedrooms 22.76
3 Bedrooms 43.24
4 Bedrooms 20.07
5 or more bedrooms 2.77