Guilford, CT Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Guilford, CT Housing Market Trends

With 22,133 people, 8,397 houses or apartments, and a median cost of homes of $431,616, Guilford house prices are not only among the most expensive in Connecticut, Guilford 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 Guilford, accounting for 84.37% of the town's housing units. Other types of housing that are prevalent in Guilford include duplexes, homes converted to apartments or other small apartment buildings ( 5.45%), large apartment complexes or high rise apartments ( 5.31%), and a few row houses and other attached homes ( 4.56%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Guilford. Owner-occupied housing accounts for 85.47% of Guilford's homes, and 63.33% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Guilford 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 Guilford built between 1940-1969 ( 25.22%). A lesser amount of the housing stock also hails from before 1939 ( 14.54%). There's also some housing in Guilford built between 2000 and later ( 9.03%).

Guilford Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Guilford, where house values have increased just 7.98%, which is annualized rate of 0.77%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Guilford's appreciation rate, at 5.59%, has been at or slightly above the national average. In the latest quarter, Guilford's appreciation rate has been 3.07%, which annualizes to a rate of 12.85%.

Importantly, this makes Guilford one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Connecticut, our data show that Guilford's latest annual appreciation rate is higher than 50% 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 Guilford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Guilford - 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 Guilford real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$431,616

Guilford, CT HOME PRICES

> $1,097,000
3.8%
3.8%
$822,001 - $1,097,000
6.5%
6.5%
$549,001 - $822,000
20.3%
20.3%
$439,001 - $549,000
19.0%
19.0%
$329,001 - $439,000
24.9%
24.9%
$219,001 - $329,000
18.0%
18.0%
$110,001 - $219,000
5.1%
5.1%
$55,001 - $110,000
0.6%
0.6%
$0 - $55,000
1.6%
1.6%
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:
8,397

Guilford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
48.38% 1.90%
6
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,258 / per month

Homeownership Rate

Owners
85.5%
85.5%
Renters
14.5%
14.5%
Vacant
9.2%
9.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.0%
9.0%
1970 - 1999
51.2%
51.2%
1940 - 1969
25.2%
25.2%
1939 or Older
14.5%
14.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
84.4%
84.4%
Townhomes
4.6%
4.6%
Small Apt. Buildings
5.4%
5.4%
Apt. Complexes
5.3%
5.3%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
8.8%
8.8%
2 Bedrooms
21.4%
21.4%
3 Bedrooms
36.0%
36.0%
4 Bedrooms
27.3%
27.3%
5 or more bedrooms
6.0%
6.0%
0.0% 100.0%
% OF HOMES