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Montville, CT Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Montville, CT Housing Market Trends

With a population of 18,387, 6,728 total housing units (homes and apartments), and a median house value of $286,753, Montville real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Montville homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Montville, accounting for 81.01% of the town's housing units. Other types of housing that are prevalent in Montville include mobile homes or trailers ( 7.05%), duplexes, homes converted to apartments or other small apartment buildings ( 5.30%), and a few large apartment complexes or high rise apartments ( 5.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Montville. Owner-occupied housing accounts for 75.50% of Montville's homes, and 67.57% 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. Montville's housing was primarily built during this period, from the '40s through the '60s. A full 42.61% of the town's housing hails from this era. Other housing ages represented in Montville include homes built between 1970-1999 ( 32.55%) and housing constructed between 2000 and later ( 15.81%). There's also some housing in Montville built before 1939 ( 9.03%).

Montville Home Appreciation Rates

Montville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Montville during the period has been just 3.65%, which is lower than 80% of US communities.

Over the last year, Montville appreciation rates have trailed the rest of the nation. In the last twelve months, Montville's appreciation rate has been 8.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Montville were at 0.51%, which equates to an annual appreciation rate of 2.05%.

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

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

Average Home Values

 

Median Home Value:
$286,753

Montville, CT HOME PRICES

> $1,373,000
$1,029,001 - $1,373,000
$686,001 - $1,029,000
$549,001 - $686,000
$412,001 - $549,000
$274,001 - $412,000
$137,001 - $274,000
$69,001 - $137,000
$0 - $69,000
0.2%
0.2%
0.1%
0.1%
0.3%
0.3%
2.9%
2.9%
15.1%
15.1%
36.3%
36.3%
35.1%
35.1%
3.8%
3.8%
6.1%
6.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for CT

Value Relative To Nation

Number Of Homes And Apartments:
6,728

Montville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
83.13% 2.73%
8
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,628 / per month

Homeownership Rate

Owners
Renters
Vacant
75.5%
75.5%
24.5%
24.5%
8.4%
8.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.8%
15.8%
32.6%
32.6%
42.6%
42.6%
9.0%
9.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
81.0%
81.0%
1.5%
1.5%
5.3%
5.3%
5.1%
5.1%
7.1%
7.1%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
6.5%
6.5%
23.3%
23.3%
42.7%
42.7%
24.8%
24.8%
2.2%
2.2%
0.0% 100.0%
% OF HOMES