Middlebury, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Middlebury, 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

Middlebury Housing Market Information

With 7,634 people, 2,722 houses or apartments, and a median cost of homes of $304,724, Middlebury real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Middlebury, accounting for 90.42% of the town's housing units. Other types of housing that are prevalent in Middlebury include row houses and other attached homes ( 3.62%), large apartment complexes or high rise apartments ( 3.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.20%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Middlebury. Owner-occupied housing accounts for 88.23% of Middlebury's homes, and 75.61% have either three or four bedrooms, which is average sized relative to America.

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. Middlebury's housing was primarily built during this period, from the '40s through the '60s. A full 39.69% of the town's housing hails from this era. Other housing ages represented in Middlebury include homes built between 1970-1999 ( 29.16%) and housing constructed between 2000 and later ( 16.62%). There's also some housing in Middlebury built before 1939 ( 14.53%).

Middlebury Home Appreciation Rates

Homes have actually lost value in Middlebury over the last then years, as home values have seen a decline of 25.14% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Middlebury home appreciation rates at -0.47%, which equates to an annual appreciation rate of -1.86%.

Over the last year, Middlebury appreciation rates have trailed the rest of the nation. In the last twelve months, Middlebury's appreciation rate has been -1.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Middlebury were at -0.47%, which equates to an annual appreciation rate of -1.86%.

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

Average Home Values

 

Median Home Value:
$304,724

Middlebury, CT HOME PRICES

Value Range
> $963,000 2.3
$723,001 - $963,000 1.4
$482,001 - $723,000 12.4
$385,001 - $482,000 16.2
$289,001 - $385,000 29.9
$193,001 - $289,000 29.7
$96,001 - $193,000 5.4
$48,001 - $96,000 0.4
$0 - $48,000 2.2

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
15.9381225829134 39.0532544378698

Number Of Homes And Apartments:
2,722

Middlebury 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
16.37% 0.88% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,048 / per month

Homeownership Rate

Homeownership
Owners 88.23
Renters 11.77
Vacant 5.16

Housing Market Details

 

Age of Homes

AGE OF Middlebury HOMES
2000 or Newer 16.6
1970 - 1999 29.2
1940 - 1969 39.7
1939 or Older 14.5

Types of Homes

TYPE OF Middlebury HOMES
Single-Family 90.4
Townhomes 3.6
Small Apt. Buildings 2.2
Apt. Complexes 3.4
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Middlebury HOMES
No Bedroom 0.77
1 Bedroom 4.63
2 Bedrooms 13.07
3 Bedrooms 43.52
4 Bedrooms 32.09
5 or more bedrooms 5.92

Popular Neighborhoods in Middlebury

Zip Codes in Middlebury, CT