Greenwich, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Greenwich Housing Market Information

With 62,840 people, 22,251 houses or apartments, and a median cost of homes of $1,605,426, Greenwich house prices are not only among the most expensive in Connecticut, Greenwich real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Greenwich, accounting for 63.85% of the town's housing units. Other types of housing that are prevalent in Greenwich include duplexes, homes converted to apartments or other small apartment buildings ( 15.09%), large apartment complexes or high rise apartments ( 13.66%), and a few row houses and other attached homes ( 7.18%).

The most prevalent building size and type in Greenwich are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.85% owning and 35.15% renting.

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. Greenwich's housing was primarily built during this period, from the '40s through the '60s. A full 36.24% of the town's housing hails from this era. Other housing ages represented in Greenwich include homes built before 1939 ( 26.96%) and housing constructed between 1970-1999 ( 26.09%). There's also some housing in Greenwich built between 2000 and later ( 10.72%).

Greenwich Home Appreciation Rates

Real estate appreciation rates in Greenwich's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.12% during the period.

Over the last year, Greenwich appreciation rates have trailed the rest of the nation. In the last twelve months, Greenwich's appreciation rate has been 2.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greenwich were at 0.97%, which equates to an annual appreciation rate of 3.95%.

Relative to Connecticut, our data show that Greenwich's latest annual appreciation rate is lower than 80% 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 Greenwich differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Greenwich - 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 Greenwich real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$1,605,426

Greenwich, CT HOME PRICES

> $1,058,000
57.5%
57.5%
$793,001 - $1,058,000
13.8%
13.8%
$529,001 - $793,000
16.3%
16.3%
$423,001 - $529,000
4.5%
4.5%
$317,001 - $423,000
3.2%
3.2%
$212,001 - $317,000
1.9%
1.9%
$106,001 - $212,000
1.6%
1.6%
$53,001 - $106,000
0.3%
0.3%
$0 - $53,000
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CT

Value Relative To Nation

Number Of Homes And Apartments:
22,251

Greenwich Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
76.85% 2.79%
10
6
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,567 / per month

Homeownership Rate

Owners
64.9%
64.9%
Renters
35.1%
35.1%
Vacant
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
10.7%
10.7%
1970 - 1999
26.1%
26.1%
1940 - 1969
36.2%
36.2%
1939 or Older
27.0%
27.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.8%
63.8%
Townhomes
7.2%
7.2%
Small Apt. Buildings
15.1%
15.1%
Apt. Complexes
13.7%
13.7%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
10.8%
10.8%
2 Bedrooms
18.5%
18.5%
3 Bedrooms
24.7%
24.7%
4 Bedrooms
22.6%
22.6%
5 or more bedrooms
22.0%
22.0%
0.0% 100.0%
% OF HOMES