Glastonbury, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Glastonbury Neighborhoods Since 2000




Glastonbury, 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

Glastonbury Housing Market Information

With a population of 34,678, 13,121 total housing units (homes and apartments), and a median house value of $354,904, real estate costs in Glastonbury are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.

Single-family detached homes are the single most common housing type in Glastonbury, accounting for 73.25% of the town's housing units. Other types of housing that are prevalent in Glastonbury include duplexes, homes converted to apartments or other small apartment buildings ( 9.72%), large apartment complexes or high rise apartments ( 8.92%), and a few row houses and other attached homes ( 8.10%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glastonbury. Owner-occupied housing accounts for 80.44% of Glastonbury's homes, and 66.60% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Glastonbury 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 Glastonbury built between 1940-1969 ( 29.88%). A lesser amount of the housing stock also hails from before 1939 ( 11.32%). There's also some housing in Glastonbury built between 2000 and later ( 7.18%).

Glastonbury Home Appreciation Rates

Glastonbury's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glastonbury during the period has been just -1.23%, which is lower than 70% of US communities.

Over the last year, Glastonbury appreciation rates have trailed the rest of the nation. In the last twelve months, Glastonbury's appreciation rate has been -0.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glastonbury were at -1.07%, which equates to an annual appreciation rate of -4.22%.

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

Relative to Connecticut, our data show that Glastonbury'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 Glastonbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glastonbury - 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 Glastonbury real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$354,904

Glastonbury, CT HOME PRICES

Value Range
> $993,000 1.2
$745,001 - $993,000 3.4
$497,001 - $745,000 15.8
$397,001 - $497,000 12.4
$298,001 - $397,000 28.7
$198,001 - $298,000 22.6
$99,001 - $198,000 12.3
$50,001 - $99,000 1.0
$0 - $50,000 2.7

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
11.8363998593695 24.8520710059172

Number Of Homes And Apartments:
13,121

Glastonbury 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
26.98% 1.39% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,496 / per month

Homeownership Rate

Homeownership
Owners 80.44
Renters 19.56
Vacant 4.38

Housing Market Details

 

Age of Homes

AGE OF Glastonbury HOMES
2000 or Newer 7.2
1970 - 1999 51.6
1940 - 1969 29.9
1939 or Older 11.3

Types of Homes

TYPE OF Glastonbury HOMES
Single-Family 73.3
Townhomes 8.1
Small Apt. Buildings 9.7
Apt. Complexes 8.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Glastonbury HOMES
No Bedroom 1.21
1 Bedroom 5.79
2 Bedrooms 21.16
3 Bedrooms 33.49
4 Bedrooms 33.11
5 or more bedrooms 5.25