Hamden, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hamden Neighborhoods Since 2000




Hamden, 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

Hamden Housing Market Information

With 61,218 people, 23,187 houses or apartments, and a median cost of homes of $208,084, 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 56.99% of the town's housing units. Other types of housing that are prevalent in Hamden include large apartment complexes or high rise apartments ( 25.39%), duplexes, homes converted to apartments or other small apartment buildings ( 12.95%), and a few row houses and other attached homes ( 4.49%).

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 60.32% owning and 39.68% 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 40.12% of the town's housing hails from this era. Other housing ages represented in Hamden include homes built between 1970-1999 ( 35.13%) and housing constructed before 1939 ( 19.95%). There's also some housing in Hamden built between 2000 and later ( 4.81%).

Hamden Home Appreciation Rates

Homes have actually lost value in Hamden over the last then years, as home values have seen a decline of 26.37% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hamden home appreciation rates at -0.47%, which equates to an annual appreciation rate of -1.86%.

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 -3.27%, 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 -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Connecticut, our data show that Hamden's latest annual appreciation rate is lower 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 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.

Average Home Values

 

Median Home Value:
$208,084

Hamden, CT HOME PRICES

Value Range
> $953,000 0.5
$715,001 - $953,000 0.9
$477,001 - $715,000 3.1
$381,001 - $477,000 3.4
$286,001 - $381,000 13.9
$191,001 - $286,000 36.6
$95,001 - $191,000 35.5
$48,001 - $95,000 2.9
$0 - $48,000 3.1

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
30.2531348880816 80.4733727810651

Number Of Homes And Apartments:
23,187

Hamden 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
26.60% 1.38% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,660 / per month

Homeownership Rate

Homeownership
Owners 60.32
Renters 39.68
Vacant 8.09

Housing Market Details

 

Age of Homes

AGE OF Hamden HOMES
2000 or Newer 4.8
1970 - 1999 35.1
1940 - 1969 40.1
1939 or Older 19.9

Types of Homes

TYPE OF Hamden HOMES
Single-Family 57.0
Townhomes 4.5
Small Apt. Buildings 12.9
Apt. Complexes 25.4
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Hamden HOMES
No Bedroom 3.57
1 Bedroom 14.46
2 Bedrooms 26.04
3 Bedrooms 41.30
4 Bedrooms 12.21
5 or more bedrooms 2.42