Griswold, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Griswold, CT Real Estate Data


Griswold Housing Market Information

With a population of 11,830, 4,487 total housing units (homes and apartments), and a median house value of $238,301, 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 28.27% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Griswold home appreciation rates at 0.84%, which equates to an annual appreciation rate of 3.40%.

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 2.26%, 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 0.84%, which equates to an annual appreciation rate of 3.40%.

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

Average Home Values

 

Median Home Value:
$238,301

Griswold, CT HOME PRICES

Value Range
> $1,001,000 0.6
$750,001 - $1,001,000 0.0
$500,001 - $750,000 3.0
$400,001 - $500,000 2.4
$301,001 - $400,000 14.1
$200,001 - $301,000 27.8
$100,001 - $200,000 43.8
$50,001 - $100,000 4.6
$0 - $50,000 3.9

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
24.0302355560764 72.7810650887574

Number Of Homes And Apartments:
4,487

Rent & Ownership

 

Average Market Rent:
$1,180 / 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

Griswold Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
26.17% 1.36% 5 3
* 10 is highest

Popular Neighborhoods in Griswold

Zip Codes in Griswold, CT