Griswold, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Griswold, 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

Griswold Housing Market Information

With 11,830 people, 4,487 houses or apartments, and a median cost of homes of $235,909, Griswold real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Griswold, accounting for 64.12% of the town's housing units. Other types of housing that are prevalent in Griswold include duplexes, homes converted to apartments or other small apartment buildings ( 15.17%), large apartment complexes or high rise apartments ( 12.05%), and a few row houses and other attached homes ( 4.68%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Griswold. Owner-occupied housing accounts for 69.02% of Griswold's homes, and 53.69% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Griswold 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 Griswold built between 1940-1969 ( 22.10%). A lesser amount of the housing stock also hails from before 1939 ( 18.84%). There's also some housing in Griswold built between 2000 and later ( 11.85%).

Griswold Home Appreciation Rates

Homes have actually lost value in Griswold over the last then years, as home values have seen a decline of 28.31% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Griswold home appreciation rates at -1.34%, which equates to an annual appreciation rate of -5.24%.

Over the last year, Griswold appreciation rates have trailed the rest of the nation. In the last twelve months, Griswold's appreciation rate has been 1.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Griswold were at -1.34%, which equates to an annual appreciation rate of -5.24%.

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

Relative to Connecticut, our data show that Griswold's latest annual appreciation rate is higher than 80% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$235,909

Griswold, CT HOME PRICES

Value Range
> $990,000 0.6
$743,001 - $990,000 0.0
$495,001 - $743,000 3.0
$396,001 - $495,000 2.4
$297,001 - $396,000 14.1
$198,001 - $297,000 27.8
$99,001 - $198,000 43.8
$49,001 - $99,000 4.6
$0 - $49,000 3.9

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
24.7861244579866 72.7810650887574

Number Of Homes And Apartments:
4,487

Griswold 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
25.13% 1.31% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,195 / per month

Homeownership Rate

Homeownership
Owners 69.02
Renters 30.98
Vacant 9.10

Housing Market Details

 

Age of Homes

AGE OF Griswold HOMES
2000 or Newer 11.9
1970 - 1999 47.2
1940 - 1969 22.1
1939 or Older 18.8

Types of Homes

TYPE OF Griswold HOMES
Single-Family 64.1
Townhomes 4.7
Small Apt. Buildings 15.2
Apt. Complexes 12.1
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Griswold HOMES
No Bedroom 0.24
1 Bedroom 11.22
2 Bedrooms 33.25
3 Bedrooms 38.98
4 Bedrooms 14.71
5 or more bedrooms 1.60

Popular Neighborhoods in Griswold

Zip Codes in Griswold, CT