Montville, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Montville Neighborhoods Since 2000




Montville, 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

Montville Housing Market Information

With 19,396 people, 6,868 houses or apartments, and a median cost of homes of $199,789, 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 78.13% of the town's housing units. Other types of housing that are prevalent in Montville include duplexes, homes converted to apartments or other small apartment buildings ( 8.91%), mobile homes or trailers ( 6.00%), and a few large apartment complexes or high rise apartments ( 5.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Montville. Owner-occupied housing accounts for 74.97% of Montville's homes, and 63.70% 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 41.39% of the town's housing hails from this era. Other housing ages represented in Montville include homes built between 1970-1999 ( 39.52%) and housing constructed between 2000 and later ( 9.76%). There's also some housing in Montville built before 1939 ( 9.33%).

Montville Home Appreciation Rates

Homes have actually lost value in Montville over the last then years, as home values have seen a decline of 28.11% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Montville home appreciation rates at -1.34%, which equates to an annual appreciation rate of -5.24%.

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 0.58%, 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 -1.34%, which equates to an annual appreciation rate of -5.24%.

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 higher than 60% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$199,789

Montville, CT HOME PRICES

Value Range
> $970,000 0.7
$728,001 - $970,000 0.0
$485,001 - $728,000 2.3
$388,001 - $485,000 1.1
$291,001 - $388,000 9.9
$194,001 - $291,000 32.3
$97,001 - $194,000 43.7
$49,001 - $97,000 3.6
$0 - $49,000 6.4

Very Low for CT
High for Nation

Value Relative to Nation Value Relative to State
32.292277042072 84.0236686390533

Number Of Homes And Apartments:
6,868

Montville 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
21.08% 1.11% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,321 / per month

Homeownership Rate

Homeownership
Owners 74.97
Renters 25.03
Vacant 9.50

Housing Market Details

 

Age of Homes

AGE OF Montville HOMES
2000 or Newer 9.8
1970 - 1999 39.5
1940 - 1969 41.4
1939 or Older 9.3

Types of Homes

TYPE OF Montville HOMES
Single-Family 78.1
Townhomes 1.2
Small Apt. Buildings 8.9
Apt. Complexes 5.8
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Montville HOMES
No Bedroom 0.95
1 Bedroom 6.26
2 Bedrooms 25.87
3 Bedrooms 42.54
4 Bedrooms 21.16
5 or more bedrooms 3.23