Killingly, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Killingly, 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

Killingly Housing Market Information

With 17,131 people, 6,951 houses or apartments, and a median cost of homes of $197,613, Killingly real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Killingly homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Killingly, accounting for 66.47% of the town's housing units. Other types of housing that are prevalent in Killingly include duplexes, homes converted to apartments or other small apartment buildings ( 13.22%), large apartment complexes or high rise apartments ( 12.65%), and a few mobile homes or trailers ( 4.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Killingly. Owner-occupied housing accounts for 67.80% of Killingly's homes, and 59.40% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Killingly 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 Killingly built before 1939 ( 25.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.42%). There's also some housing in Killingly built between 2000 and later ( 12.84%).

Vacant housing appears to be an issue in Killingly. Fully 11.01% of the housing stock is classified as vacant. Left unchecked, vacant Killingly homes and apartments can be a drag on the real estate market, holding Killingly 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.

Killingly Home Appreciation Rates

Homes have actually lost value in Killingly over the last then years, as home values have seen a decline of 25.06% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Killingly home appreciation rates at 0.33%, which equates to an annual appreciation rate of 1.33%.

Over the last year, Killingly appreciation rates have trailed the rest of the nation. In the last twelve months, Killingly's appreciation rate has been 2.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Killingly were at 0.33%, which equates to an annual appreciation rate of 1.33%.

Relative to Connecticut, our data show that Killingly's latest annual appreciation rate is higher than 80% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$197,613

Killingly, CT HOME PRICES

Value Range
> $1,045,000 0.6
$784,001 - $1,045,000 0.0
$522,001 - $784,000 1.1
$418,001 - $522,000 2.2
$313,001 - $418,000 9.9
$209,001 - $313,000 25.8
$104,001 - $209,000 53.6
$53,001 - $104,000 3.9
$0 - $53,000 2.9

Very Low for CT
High for Nation

Value Relative to Nation Value Relative to State
32.8606586194773 85.207100591716

Number Of Homes And Apartments:
6,951

Killingly 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
23.78% 1.24% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,137 / per month

Homeownership Rate

Homeownership
Owners 67.80
Renters 32.20
Vacant 11.01

Housing Market Details

 

Age of Homes

AGE OF Killingly HOMES
2000 or Newer 12.8
1970 - 1999 37.8
1940 - 1969 23.4
1939 or Older 26.0

Types of Homes

TYPE OF Killingly HOMES
Single-Family 66.5
Townhomes 3.6
Small Apt. Buildings 13.2
Apt. Complexes 12.6
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Killingly HOMES
No Bedroom 1.28
1 Bedroom 11.61
2 Bedrooms 24.40
3 Bedrooms 44.36
4 Bedrooms 15.04
5 or more bedrooms 3.30

Popular Neighborhoods in Killingly

Zip Codes in Killingly, CT