Hebron, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hebron Neighborhoods Since 2000




Hebron, 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

Hebron Housing Market Information

With a population of 9,552, 3,370 total housing units (homes and apartments), and a median house value of $276,107, Hebron real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hebron, accounting for 91.39% of the town's housing units. Other types of housing that are prevalent in Hebron include duplexes, homes converted to apartments or other small apartment buildings ( 5.36%), row houses and other attached homes ( 2.71%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hebron. Owner-occupied housing accounts for 92.79% of Hebron's homes, and 79.68% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hebron 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 Hebron built between 1940-1969 ( 24.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.68%). There's also some housing in Hebron built before 1939 ( 6.21%).

Hebron Home Appreciation Rates

Homes have actually lost value in Hebron over the last then years, as home values have seen a decline of 20.61% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hebron home appreciation rates at -1.07%, which equates to an annual appreciation rate of -4.22%.

Over the last year, Hebron appreciation rates have trailed the rest of the nation. In the last twelve months, Hebron's appreciation rate has been -1.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hebron were at -1.07%, which equates to an annual appreciation rate of -4.22%.

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

Relative to Connecticut, our data show that Hebron's latest annual appreciation rate is lower than 70% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$276,107

Hebron, CT HOME PRICES

Value Range
> $971,000 0.1
$728,001 - $971,000 0.2
$486,001 - $728,000 6.2
$388,001 - $486,000 11.6
$291,001 - $388,000 31.7
$194,001 - $291,000 35.8
$97,001 - $194,000 12.9
$48,001 - $97,000 0.2
$0 - $48,000 1.3

Average for CT
Very High for Nation

Value Relative to Nation Value Relative to State
18.8620649244111 50.2958579881657

Number Of Homes And Apartments:
3,370

Hebron 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
22.51% 1.18% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,383 / per month

Homeownership Rate

Homeownership
Owners 92.79
Renters 7.21
Vacant 6.96

Housing Market Details

 

Age of Homes

AGE OF Hebron HOMES
2000 or Newer 15.7
1970 - 1999 53.6
1940 - 1969 24.5
1939 or Older 6.2

Types of Homes

TYPE OF Hebron HOMES
Single-Family 91.4
Townhomes 2.7
Small Apt. Buildings 5.4
Apt. Complexes 0.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hebron HOMES
No Bedroom 0.55
1 Bedroom 0.86
2 Bedrooms 14.63
3 Bedrooms 52.60
4 Bedrooms 27.08
5 or more bedrooms 4.28