Harwinton, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Harwinton Neighborhoods Since 2000




Harwinton, 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

Harwinton Housing Market Information

With a population of 5,493, 2,025 total housing units (homes and apartments), and a median house value of $332,173, real estate costs in Harwinton are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.

Single-family detached homes are the single most common housing type in Harwinton, accounting for 96.64% of the town's housing units. Other types of housing that are prevalent in Harwinton include large apartment complexes or high rise apartments ( 1.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harwinton. Owner-occupied housing accounts for 94.57% of Harwinton's homes, and 68.92% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Harwinton 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 Harwinton built between 1940-1969 ( 37.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.44%). There's also some housing in Harwinton built before 1939 ( 10.31%).

Vacant housing appears to be an issue in Harwinton. Fully 10.36% of the housing stock is classified as vacant. Left unchecked, vacant Harwinton homes and apartments can be a drag on the real estate market, holding Harwinton 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.

Harwinton Home Appreciation Rates

Homes have actually lost value in Harwinton over the last then years, as home values have seen a decline of 23.05% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Harwinton home appreciation rates at -3.59%, which equates to an annual appreciation rate of -13.62%.

Over the last year, Harwinton appreciation rates have trailed the rest of the nation. In the last twelve months, Harwinton's appreciation rate has been -4.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harwinton were at -3.59%, which equates to an annual appreciation rate of -13.62%.

Notably, Harwinton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Harwinton's latest annual appreciation rate is lower than 90% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$332,173

Harwinton, CT HOME PRICES

Value Range
> $950,000 1.0
$713,001 - $950,000 1.9
$475,001 - $713,000 11.2
$380,001 - $475,000 6.5
$285,001 - $380,000 25.8
$190,001 - $285,000 32.9
$95,001 - $190,000 18.9
$47,001 - $95,000 0.8
$0 - $47,000 1.0

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
13.5767022149303 30.1775147928994

Number Of Homes And Apartments:
2,025

Harwinton 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
18.76% 1.00% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$571 / per month

Homeownership Rate

Homeownership
Owners 94.57
Renters 5.43
Vacant 10.36

Housing Market Details

 

Age of Homes

AGE OF Harwinton HOMES
2000 or Newer 12.4
1970 - 1999 39.3
1940 - 1969 38.0
1939 or Older 10.3

Types of Homes

TYPE OF Harwinton HOMES
Single-Family 96.6
Townhomes 0.4
Small Apt. Buildings 0.8
Apt. Complexes 1.8
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Harwinton HOMES
No Bedroom 0.00
1 Bedroom 6.46
2 Bedrooms 20.01
3 Bedrooms 49.85
4 Bedrooms 19.08
5 or more bedrooms 4.60