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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 22,031, 8,665 total housing units (homes and apartments), and a median house value of $553,486, 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 83.63% of the town's housing units. Other types of housing that are prevalent in Guilford include large apartment complexes or high rise apartments ( 6.56%), duplexes, homes converted to apartments or other small apartment buildings ( 4.88%), and a few row houses and other attached homes ( 4.52%).
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 83.33% of Guilford's homes, and 60.24% 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 ( 29.22%). A lesser amount of the housing stock also hails from before 1939 ( 12.46%). There's also some housing in Guilford built between 2000 and later ( 8.68%).
Vacant housing appears to be an issue in Guilford. Fully 10.05% of the housing stock is classified as vacant. Left unchecked, vacant Guilford homes and apartments can be a drag on the real estate market, holding Guilford real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
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 40.02%, which is annualized rate of 3.42%. 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 9.46%, has been at or slightly above the national average. In the latest quarter, Guilford's appreciation rate has been 0.55%, which annualizes to a rate of 2.23%.
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 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 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.
$553,486
for Connecticut
for nation
8,665
$2,987 / per month