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
With 60,940 people, 22,945 houses or apartments, and a median cost of homes of $211,504, Hamden real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Hamden homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Hamden, accounting for 55.68% of the town's housing units. Other types of housing that are prevalent in Hamden include large apartment complexes or high rise apartments ( 26.02%), duplexes, homes converted to apartments or other small apartment buildings ( 13.81%), and a few row houses and other attached homes ( 4.32%).
The most prevalent building size and type in Hamden are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.12% owning and 41.88% 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. Hamden's housing was primarily built during this period, from the '40s through the '60s. A full 39.09% of the town's housing hails from this era. Other housing ages represented in Hamden include homes built between 1970-1999 ( 34.39%) and housing constructed before 1939 ( 19.72%). There's also some housing in Hamden built between 2000 and later ( 6.81%).
Homes have actually lost value in Hamden over the last then years, as home values have seen a decline of 9.68% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hamden home appreciation rates at 0.39%, which equates to an annual appreciation rate of 1.55%.
Over the last year, Hamden appreciation rates have trailed the rest of the nation. In the last twelve months, Hamden's appreciation rate has been 2.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hamden were at 0.39%, which equates to an annual appreciation rate of 1.55%.
Notably, Hamden's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Connecticut, our data show that Hamden's latest annual appreciation rate is higher than 60% 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 Hamden differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hamden - 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 Hamden real estate investment or home purchase decisions.
|$775,001 - $1,034,000||0.6|
|$517,001 - $775,000||3.3|
|$413,001 - $517,000||3.3|
|$310,001 - $413,000||12.0|
|$207,001 - $310,000||36.7|
|$103,001 - $207,000||37.0|
|$52,001 - $103,000||4.2|
|$0 - $52,000||2.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
2000 Q1 - 2019 Q4
|* 10 is highest|
|AGE OF Hamden HOMES|
|2000 or Newer||6.8|
|1970 - 1999||34.4|
|1940 - 1969||39.1|
|1939 or Older||19.7|
|TYPE OF Hamden HOMES|
|Small Apt. Buildings||13.8|
|SIZE OF Hamden HOMES|
|5 or more bedrooms||2.64|