Naugatuck, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Naugatuck Neighborhoods Since 2000




Naugatuck, 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

Naugatuck Housing Market Information

With 31,538 people, 12,095 houses or apartments, and a median cost of homes of $183,838, Naugatuck real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Naugatuck homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Naugatuck, accounting for 57.84% of the borough's housing units. Other types of housing that are prevalent in Naugatuck include duplexes, homes converted to apartments or other small apartment buildings ( 21.18%), large apartment complexes or high rise apartments ( 13.60%), and a few row houses and other attached homes ( 5.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Naugatuck. Owner-occupied housing accounts for 65.21% of Naugatuck's homes, and 55.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Naugatuck 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 Naugatuck built between 1940-1969 ( 34.32%). A lesser amount of the housing stock also hails from before 1939 ( 21.64%). There's also some housing in Naugatuck built between 2000 and later ( 6.76%).

Naugatuck Home Appreciation Rates

Homes have actually lost value in Naugatuck over the last then years, as home values have seen a decline of 31.29% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Naugatuck home appreciation rates at -0.47%, which equates to an annual appreciation rate of -1.86%.

Over the last year, Naugatuck appreciation rates have trailed the rest of the nation. In the last twelve months, Naugatuck's appreciation rate has been 1.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Naugatuck were at -0.47%, which equates to an annual appreciation rate of -1.86%.

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

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Naugatuck differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Naugatuck - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Naugatuck real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$183,838

Naugatuck, CT HOME PRICES

Value Range
> $998,000 0.9
$749,001 - $998,000 0.9
$499,001 - $749,000 0.3
$399,001 - $499,000 1.5
$300,001 - $399,000 8.0
$200,001 - $300,000 27.8
$100,001 - $200,000 48.9
$50,001 - $100,000 6.7
$0 - $50,000 4.9

Very Low for CT
High for Nation

Value Relative to Nation Value Relative to State
36.7836634243525 89.9408284023669

Number Of Homes And Apartments:
12,095

Naugatuck 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
14.05% 0.76% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,275 / per month

Homeownership Rate

Homeownership
Owners 65.21
Renters 34.79
Vacant 6.46

Housing Market Details

 

Age of Homes

AGE OF Naugatuck HOMES
2000 or Newer 6.8
1970 - 1999 37.3
1940 - 1969 34.3
1939 or Older 21.6

Types of Homes

TYPE OF Naugatuck HOMES
Single-Family 57.8
Townhomes 5.1
Small Apt. Buildings 21.2
Apt. Complexes 13.6
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Naugatuck HOMES
No Bedroom 2.98
1 Bedroom 11.01
2 Bedrooms 28.21
3 Bedrooms 41.86
4 Bedrooms 13.40
5 or more bedrooms 2.56